Peru Selects U.S. F-16s Over Swedish Gripens in $3.42 Billion Fighter Jet Deal.

Peru's Air Force Modernization

According to TSN.ua: In a significant shift for its national defense strategy, Peru has chosen to purchase American F-16 fighter jets, rejecting the Swedish Gripen option. The contract for 12 new F-16 Block 70 aircraft is anticipated to be finalized by mid-April 2026, concluding a tender process that began in 2024. This decision reflects Peru's strategic realignment and its urgent need to replace an aging fleet. The country's current air force inventory is notably outdated, consisting of:

• up to nine operational MiG-29s
• up to 12 Mirage 2000 aircraft

These legacy jets underscore the critical requirement for a modern air combat capability.

Contract Details and Regional Context

The United States has offered a $3.42 billion deal for the 12 F-16s, placing the unit cost at approximately $285 million per aircraft. For comparison, neighboring Colombia is acquiring Gripen fighters for about $220 million per unit. Peru's move signals a deepening of defense ties with Washington and could involve the eventual purchase of up to 14 F-16s, which would substantially boost its air power. This procurement comes amid a period of domestic political turbulence, including the impeachment of President Dina Boluarte in late 2025, which may have accelerated the decision-making process.

Ultimately, this major investment highlights Peru's commitment to revitalizing its military capabilities despite political and economic challenges. The fleet modernization is a crucial step for regional deterrence and national security, moving the country away from its dependence on Soviet-era and older Western aircraft. Observers will be watching closely to see how this deal influences the balance of power and security dynamics in South America.