Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Poland signs $3.8 billion deal to upgrade F-16 fighter jets
    Headlines

    Poland signs $3.8 billion deal to upgrade F-16 fighter jets

    Published by Global Banking and Finance Review

    Posted on August 13, 2025

    2 min read

    Last updated: January 22, 2026

    Poland signs $3.8 billion deal to upgrade F-16 fighter jets - Headlines news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:GDPinvestmentInternational trade

    Quick Summary

    Poland signs a $3.8 billion contract to upgrade its F-16 jets, enhancing defense capabilities with improved technology and collaboration with South Korea.

    Table of Contents

    • Poland's Defense Modernization Efforts
    • Details of the F-16 Upgrade
    • Recent Defense Contracts
    • Collaboration with South Korea

    Poland Secures $3.8 Billion Contract for F-16 Fighter Jet Upgrades

    Poland's Defense Modernization Efforts

    WARSAW (Reuters) -Poland has signed a contract worth $3.8 billion to upgrade its fleet of F-16 fighter jets, the Polish defence minister said on Wednesday.

    Details of the F-16 Upgrade

    Poland has been ramping up defence spending since the start of the war in Ukraine and plans to allocate 5% of gross domestic product (GDP) to its armed forces in 2026.

    Recent Defense Contracts

    The country has 48 F-16C/D Block 52+ aircraft which were delivered to the country between 2006 and 2008, state news agency PAP reported.

    Collaboration with South Korea

    Polish Defence Minister Wladysław Kosiniak-Kamysz told a news conference that the modernisation work would take place at the Wojskowe Zaklady Lotnicze Nr 2 military aviation plant in the northern city of Bydgoszcz.

    "The current capabilities of the F-16 in the CD version are good, but after 20 years, they are insufficient against threats," he told a news conference."

    "We must improve reconnaissance capabilities, communication, integration with F-35s, Abrams tanks, and Apaches, as well as the ability to operate in every domain."

    Earlier this month Poland signed a second multi-billion dollar deal with South Korean industrial and defence group Hyundai Rotem for the supply of battle tanks.

    (Reporting by Alan Charlish; Editing by Toby Chopra)

    Key Takeaways

    • •Poland signs a $3.8 billion contract to upgrade F-16 jets.
    • •Defense spending to reach 5% of GDP by 2026.
    • •Upgrades to enhance reconnaissance and communication.
    • •Modernization work at Bydgoszcz aviation plant.
    • •Collaboration with South Korea on defense projects.

    Frequently Asked Questions about Poland signs $3.8 billion deal to upgrade F-16 fighter jets

    1What is the value of the contract signed by Poland?

    Poland has signed a contract worth $3.8 billion to upgrade its fleet of F-16 fighter jets.

    2How many F-16 aircraft does Poland have?

    Poland has 48 F-16C/D Block 52+ aircraft, which were delivered between 2006 and 2008.

    3What are the goals of the F-16 modernization?

    The modernization aims to improve reconnaissance capabilities, communication, and integration with F-35s, Abrams tanks, and Apaches.

    4Where will the modernization work take place?

    The modernization work will take place at the Wojskowe Zaklady Lotnicze Nr 2 military aviation plant in northern Poland.

    5What other defense deals has Poland recently signed?

    Earlier this month, Poland signed a multi-billion dollar deal with South Korean industrial and defense group Hyundai Rotem for the supply of battle tanks.

    More from Headlines

    Explore more articles in the Headlines category

    Image for Olivia Dean takes home best new artist Grammy
    Olivia Dean takes home best new artist Grammy
    Image for Hyundai Motor did not exercise option to buy back Russian auto factory
    Hyundai Motor did not exercise option to buy back Russian auto factory
    Image for UK foreign minister says Ethiopia visit to focus on migration
    UK foreign minister says Ethiopia visit to focus on migration
    Image for Former UK minister Mandelson quits Labour after new Epstein revelations, media say
    Former UK minister Mandelson quits Labour after new Epstein revelations, media say
    Image for Oil prices fall by 3% on US-Iran de-escalation
    Oil prices fall by 3% on US-Iran de-escalation
    Image for EU must push for "Made in Europe" strategy, EU industry chief says
    EU must push for "Made in Europe" strategy, EU industry chief says
    Image for UK wants closer EU defence ties with potential bid to join new SAFE fund
    UK wants closer EU defence ties with potential bid to join new SAFE fund
    Image for Czechs rally to support president in his growing rift with government
    Czechs rally to support president in his growing rift with government
    Image for Portugal launches $3 billion package to help rebuild after storm Kristin
    Portugal launches $3 billion package to help rebuild after storm Kristin
    Image for Russian drone strike kills 12 miners in Ukraine's Dnipropetrovsk, officials say
    Russian drone strike kills 12 miners in Ukraine's Dnipropetrovsk, officials say
    Image for Death toll of Swiss New Year bar blaze rises to 41
    Death toll of Swiss New Year bar blaze rises to 41
    Image for Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    Iranian official says Revolutionary Guards have no plan to hold military exercises in the Gulf
    View All Headlines Posts
    Previous Headlines PostRussian and Belarusian military exercises next month to involve Oreshnik hypersonic missile
    Next Headlines PostKazakhstan says employee of military attache arrested in Poland