News World Bulgaria sees F-16 jet deal with U.S. at $1.2 bln

Bulgaria sees F-16 jet deal with U.S. at $1.2 bln

Bulgaria expects the United States to make an offer soon to sell it eight new F-16 fighter jets for its army at $1.2 billion, the defence ministry said on Tuesday.

The U.S. State Department approved the possible sale of eight F-16 aircraft and related equipment at an estimated cost of $1.67 billion, a Pentagon agency said on Monday.

European Union and NATO member Bulgaria is looking to replace its ageing Soviet-made MiG-29s and improve compliance with NATO standards.

A deal for Lockheed Martin’s F-16V Block 70 would be the Balkan country’s biggest military procurement since the fall of Communist rule some 30 years ago.

The defence ministry said the U.S. approval outlined the upper threshold of the costs and it expected a draft contract from Washington within two weeks.

“There is a two-week timeline in which the U.S. government will present to Bulgaria a draft Letter of Offer and Acceptance in which the expected price for the eight jets with a package of necessary related equipment will be within $1.2 billion,” the ministry said in a statement.

The expected price comes above the initial estimate for the deal at 1.8 billion levs ($1.04 billion), but the Bulgarian parliament has given the defence ministry a green light to go over that.

Sofia said talks for the deal will continue after it receives the draft contract.

(Reuters)

Top Stories

Mother of invention: the new gadgets dreamt up to fight coronavirus

Driving to work at his factory to the west of London last week, designer Steve Brooks had coronavirus on his mind. What could he...

Coronavirus decimates taxi industry in Cyprus

Taxi drivers in Cyprus see their livelihood evaporating as the holiday island is all but shut down to try to slow the spread of...

Another 212 booked for breaking stay at home decree

Another 212 people were booked for breaking the stay at home decree overnight, a police spokesman told CyBC radio on Wednesday morning. He added that...

Latest on the spread of the coronavirus around the world

Last update 01/04/2020 01:09 The U.S. government raced to build hundreds of makeshift hospitals to ease the strain on overwhelmed healthcare systems as the United...

Cloudy with sunny spells and local showers

Today will be cloudy with sunny spells with isolated showers or thunderstorms expected. Temperatures will reach 22 C inland and on the coast and 12...

Taste

Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....