The Bulgarian Ministry of Defence Transferred to U.S. $1,2 Billion for Purchase of F-16s

SOFIA, (BM) – The Bulgarian Ministry of Defence has transferred the entire amount of USD 1.2 billion under the international government procurement contracts for the purchase of eight F-16 Block 70 aircraft and associated equipment and weapons, the Ministry of Defence said in a press release.

Read more: Bulgaria`s Avionams Will Repair Future F-16 Block 70 Fighter Jets, Lockheed Announced

The transfer was ordered on 8 August by the Ministry of Defence to the Defence Security Cooperation Agency (DSCA) on behalf of the Republic of Bulgaria. With this step, the Bulgarian side fulfilled its commitment under the contracts under the project for the acquisition of a new type of fighter aircraft for the Bulgarian Air Force.

Read more: The US Welcomes the Bulgaria`s Decision to Purchase Eight F-16 Fighter Jets

With the confirmation by the Agency of USD 1.2 billion received on the account of the Republic of Bulgaria, the contracts enter in force for the U.S. side and their practical implementation begins.

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Source: MoD