July 10, 2019 / 9:05 AM / 14 days ago

Bulgaria says reaches deal with U.S. to buy F-16 aircraft

SOFIA (Reuters) - NATO member Bulgaria has reached a deal with the United States to buy eight new F-16 fighter jets for its air force at a price of $1.256 billion, it said on Wednesday.

The Balkan country, which is also a member of the European Union, is looking to replace its ageing Soviet-made MiG-29s and improve compliance with NATO standards.

The deal for Lockheed Martin’s F-16 Block 70 is Bulgaria’s biggest military procurement since the fall of Communist rule some 30 years ago.

Reporting by Angel Krasimirov; writing by; Radu Marinas

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