No 'unusual risk' for Lockheed Martin from UAE bond

Lockheed Martin's deal with the United Arab Emirates for 80 F-16 aircraft includes a $2 billion performance guarantee -- a fairly normal practice, the company said yesterday. "Performance bonds are both reasonable and standard for contracts with the UAE," a Lockheed Martin spokesman said. "We are...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.