American defense and aerospace manufacturer Lockheed Martin is offering the Philippine government a deal involving 20 F-16 Block 70 fighter jets, along with proposals for local training, maintenance, and the establishment of an aerospace innovation center.

In a press briefing on Wednesday, the company confirmed it is part of a pending U.S. government-to-government proposal, and it is up to the government to ‘make that formal offer.’ 

“It's a U.S. government-provided offer. So as far as very specific timing, that's really up to the U.S. government of when they want to make that offer. But we do believe it's going to be in the near future, as far as having a formal offer, but ultimately that’s a question for the U.S. government,” said Aimee Burnett, Vice President for Business Development at Lockheed Martin’s Integrated Fighter Group.

The deal, valued at approximately USD5.5 billion, would also include sustainment services, pilot and crew training, spare parts, and ground support equipment.

The Block 70 variant features advanced radar and electronic warfare systems, as well as conformal fuel tanks that allow the aircraft to fly longer distances without the need for aerial refueling.

Lockheed Martin also revealed plans for a repair facility in the Philippines to support the country’s existing C-130 fleet and the proposed fighter jet acquisition.

Among the additional systems presented was the Indigo IV, a small unmanned aerial system intended for joint development with local partners. It is one of several projects aligned with the U.S.-Philippines defense industry cooperation roadmap unveiled earlier this year.