Denmark has agreed to sell 24 Lockheed Martin-made F-16 fighters to Argentina.
The two countries signed a letter of intent on March 26 in Buenos Aires, with Danish Defence Minister Troels Lund Poulsen and Argentine Defence Minister Luis Alfonso Petri representing their respective sides.
In a statement, Lund Poulsen confirmed the “possible sale,” noting that the agreement was negotiated in coordination with the United States.
The minister added that the deal aligns with the Danish government’s ongoing aircraft modernization program that will see the country deactivating its F-16 fleet to acquire F-35 combat planes.
While Denmark will sell F-16s to Argentina, it will donate 19 units to Ukraine, Lund Poulsen disclosed.
Citing unnamed military sources in Argentina, Defense News reported that Buenos Aires will pay $320 million for the jet fighters and source funds from banks and the U.S. government to finance the deal.
The deal also involves the delivery of weapons systems, other equipment, simulators and spares, with the Defense Security Cooperation Agency managing the sale.
Additionally, the sources revealed that Danish and Argentine officials will head to Copenhagen in late April to finalize the contract.