Egypt buys 24 Lockheed Martin F-16s

Lockheed Martin is to sell 24 F-16 jet fighters to Egypt in a $3.2 billion deal, a company spokesman said Dec. 29.

The Egyptian Air Force is the fourth largest F-16 operator in the world, according to defense industry reports. It began flying the F-16 in 1982, after years of using military equipment supplied by the former Soviet Union.