Will Second-Hand F-16 Sales Rise With Budget Cuts?

: Many countries like Indonesia, Taiwan and Portugal have begun buying used F-16 fighter jets as defense budgets shrink.

       As countries struggle under the current economic climate, defense budgets have taken a major hit causing many to invest in used fighter aircraft.

      Over the last few years, developing nations have taken to buying used F-16s from allies to strengthen their air forces without spending billions on buying new aircraft.

      While Lockheed Martin will charge about $70 million for a brand new F-16, a second-hand jet will cost just $15 million. For many countries on a budget, that is an attractive offer.

      Budget strapped countries like Pakistan, Indonesia and Jordon besides some EU states procure used F-16 fighter jets to supplement their air forces.

      Earlier this month, Portugal agreed to supply Romania with an unknown number of F-16 aircraft.

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