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Peru Nears F-16V Block 70 Deal for $7 Billion

February 1, 2026

2 min read

Key Takeaways

Peru to purchase up to 24 F-16 Block 70 aircraft.
Deal valued at approximately $7 billion.
F-16V Block 70 outpaces rival proposals from Saab and Dassault.
Final contract signature expected in April 2026.

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Strategic Implications

This selection may signal Peru's preference for US-made defense systems, which could strengthen bilateral defense ties. The F-16V Block 70's advanced avionics and radar capabilities suggest a significant modernization of the Peruvian Air Force, which may set a precedent for other Latin American countries seeking to upgrade their fleets.

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What Happened

Peruvian Air Force To Modernize Fleet With Advanced Fighter Jets

Peru is advancing toward selecting the Lockheed Martin F-16V Block 70 Viper as its next-generation fighter jet, marking a significant pivot in its effort to modernize the Peruvian Air Force combat fleet. The Peruvian government has decided to proceed with the purchase of up to 24 F-16 Block 70 aircraft in a package valued at approximately $7 billion. The final contract signature is expected in the second week of April 2026, after Peru’s general elections. The acquisition would include advanced mission systems, electronic warfare gear, and pilot training, as reported by AeroTime.

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