February 2, 2001; Chile has selected the F-16C50/52 fighter to replace its old A-37 counter-insurgency attack aircraft. At least a dozen will be purchased. The F-16 (Block 50/52) was selected in a stiff competition including the F-18 Hornet, Mirage-2000-5, and Swedish JAS-39
Warplane production, after falling steadily in the 1990s, is on the rise again. Last year 214 were produced world wide (worth $10.9 billion.) Forecasts and order indicate that number will increase to about 400 warplanes by 2005 (worth some $18 billion). The worlds air forces still can choose from hundreds of high quality used warplanes offered for sale. In addition, many nations are spending billions of dollars to upgrade existing aircraft.