United States congress to loan approval for the new F16 of the Philippines
F16 fighting Falcon is a single-engine multirole fighter aircraft originally developed by General Dynamics for the United Stated Air Force. Designed as an air superiority day fighter, it evolved into a successful all-weather multirole aircraft. Over 4,500 aircraft have been built since production was approved in 1976. Although no longer being purchased by the U.S. Air Force, improved versions are still being built for export customers. In 1993, General Dynamics sold its aircraft manufacturing business to the Lockheed Corporation, which in turn became part of Lockheed Martin after a 1995 merger with Martin Marietta.
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