Meanwhile, the company continues to work other opportunities for F-16 upgrades in the Pacific, including a likely sale in South Korea.
Rod McLean, the head of Lockheed Martin's F-22/F-16 integrated fighter group, told Defense News last month that the company is closing in on a new customer for the F-16V package in the Pacific region.
A source with knowledge of the discussions told Defense News that McLean was referring to Singapore, and that the agreement to upgrade Singapore's fleet of F-16s was "basically a done deal."
Singapore operates 60 of the F-16C/D block 52 configuration. The F-16V upgrade adds an active electronically scanned array radar, along with upgraded mission computer and cockpit enhancements. Taiwan is the first customer for the upgrade package.
The source added that Lockheed is making a major marketing push in both Thailand and Indonesia to upgrade those F-16 fleets. The Thais have over 50 F-16A/B models, while Indonesia operates 36 F-16s, many of which were purchased second-hand.
Lockheed is also continuing to push for a contract to upgrade South Korea's F-16s, an opportunity that opened up last fall after Korean acquisition officials canceled a $1.7 billion upgrade agreement with BAE.
The source said Lockheed has submitted its bid for the Korean upgrades and it is being looked at by South Korean military officials.
McLean said he was "glad to have the opportunity to support them after the cancellation of the [BAE] contract."
"We're in discussions to finalize that program. Those discussions are ongoing," he added. "There have been positives to date. I think we can certainly support their needs. I know they are having some budget reviews internally in the Korean Air Force … if they can preserve the funds we feel we should be able to support an upgrade program for them."
Aaron Mehta was deputy editor and senior Pentagon correspondent for Defense News, covering policy, strategy and acquisition at the highest levels of the Defense Department and its international partners.