Lockheed Martin's Derco Signs Maintenance Agreement for Romania's F-16s

Under the deal, Aerostar S.A. will repair Romanian Air Force fighters’ landing gear, wheels, and brakes.

Monday, November 20, 2023 at 02:32 PM ET

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Aerostar president and CEO Grigore Filip and Derco president (left) and general manager Todd Morar sign an agreement to repair landing gear, wheels, and brakes for Romania’s F-16 fleet. [Courtesy: Lockheed Martin]

Key Takeaways:

Lockheed Martin subsidiary Derco Aerospace has partnered with Romania's Aerostar S.A. to provide maintenance support for the Romanian Air Force's F-16 fleet.
Under the agreement, Derco will supply Aerostar with specialized tooling, equipment, training, and documentation to enable repairs of F-16 landing gear, wheels, and brakes, aiming to reduce maintenance lead times and improve mission readiness.
This partnership further strengthens Romania's regional defense capabilities, following the recent establishment of the European F-16 Training Center which will train pilots from Romania and Ukraine.

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Lockheed Martin (NYSE: LMT) subsidiary Derco has entered into a maintenance agreement with Aerostar S.A. for the support of the Romanian Air Force’s F-16 fleet.

Under the deal announced Friday, the Romania-based aerospace and defense company is expected to repair F-16 landing gear, wheels, and brakes. Derco will provide Aerostar S.A. specialized tooling, equipment, training, and technical documentation to enable the repairs. The partnership, according to Lockheed Martin, will reduce maintenance lead times and improve logistics for mission readiness on the ground in Romania