​Lockheed Martin Corporation (LMT) To Upgrade South Korea's F-16 Block 52 Flight Simulators

​Lockheed Martin Corporation (NYSE:LMT) is one of the Undervalued Aerospace Stocks to Buy Now. On September 16, Lockheed Martin Corporation (NYSE:LMT) announced an upgrade to South Korea’s F-16 Block 52 flight simulators. The upgrade is based on the advanced capabilities of the upgraded F-16 Viper aircraft.

​Management noted that the contract spans six years; in this time, the company will upgrade nine simulators at Seosan and Chungju Air Bases. The simulators will be upgraded to match the F-16V configuration, and the company will also continue contractor logistics support.

​Todd Morar, Lockheed Martin’s VP of Air and Commercial Solutions, highlighted the importance of accuracy in ground-based training. He also noted that the update includes advanced avionics, an Active Electronically Scanned Array radar, a modern cockpit, and new weapons systems.

​Lockheed Martin Corporation (NYSE:LMT) is a global aerospace and defense company. It designs and builds advanced military aircraft, missile systems, helicopters, and space technology.

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Disclosure: None. This article is originally published at Insider Monkey.