tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Biden administration seeks congressional OK for F-16 sale to Turkey, WSJ says

The White House is preparing to seek congressional clearance for a $20B sale of new F-16 jet fighters to Turkey, as well as a separate sale of next-generation F-35 jets to Greece, the Wall Street Journal’s Jared Malsin and Vivian Salama report, citing U.S. officials. The sale of the Lockheed Martin-made aircraft to Turkey, which the Biden administration has been weighing for over a year, is bigger than expected, and includes 40 new planes and kits to overhaul 79 of Turkey’s existing F-16 fleet, the authors say, citing officials familiar with the proposals. Congressional notification of the sale will roughly coincide with Turkey Foreign Minister’s Mevlut Cavusoglu’s visit to D.C. next week, the authors note. Reference Link

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on LMT:

Disclaimer & DisclosureReport an Issue

1