SINGAPORE PRESS-Singapore close to F-16 upgrade deal - Straits Times

Wed Jan 15, 2014 7:32pm EST

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Singapore is close to signing a deal worth up to $2.43 billion with the United States to modernise its entire fleet of 60 F-16 fighter jets.

The investment, if it happens, will be the largest and most ambitious yet in the 45-year history of the Republic of Singapore Air Force, it is believed.

NOTE: Reuters has not verified this story and does not vouch for its accuracy.