U.S. to Repay Pakistan for Undelivered F-16s
Pakistani Prime Minister Mohammad Nawaz Sharif announced on December 19 that the United States and Pakistan had settled an eight-year dispute arising from Washington's non-delivery of 28 F-16 fighters, for which Islamabad paid $658 million in 1989. President Clinton had pledged an early and fair resolution of the problem at a December 2 meeting with Sharif.
Under the terms of the agreement, the United States agreed to pay Islamabad $326.9 million, almost all of which which will come from the Treasury Department Judgement Fund (used to settle legal disputes), and provide goods worth another $140 million, including $60 million in wheat. Washington had earlier reimbursed Islamabad $157 million for the fighters. The United States stopped delivery of the F-16s in 1990 in accordance with the 1985 Pressler amendment, which proscribes U.S. military sales and assistance to Pakistan if the president cannot certify that Islamabad does not possess a "nuclear explosive device."New Zealand announced on December 1 that it would purchase, through two consecutive five-year leases, the 28 fighters previously sold to Pakistan. The proposed deal is estimated at between $105 and $125 million.
ACA In The NewsObama's key arms-control nominee finally confirmed by Senate
March 7, 2014
Long-Range Standoff Missile Development Pushed Back By Three Years
March 6, 2014
Pentagon to spend $1.9 bln for missile defense overhaul
March 5, 2014
House Iran Letter Leaves Out Demand For ‘Zero Enrichment’
March 4, 2014
OP-ED: Toward a Final-Phase Deal with Iran
March 4, 2014
Resolving Nuclear Arms Claims Hinges on Iran's Demand for Documents
March 1, 2014