AP,

Lockheed Martin Corp. expects to deliver 70 to 75 F-16 fighter aircraft over the next two years, according to its annual report filed Monday with the Securities and Exchange Commission.

The defense and aerospace company said it increased deliveries of F-16's to 62 aircraft in 2003 from the 21 aircraft delivered in 2002.

Lockheed said it also expects its C-130J transport aircraft program will return to profitability in 2004.

In 2003, the C-130J program was awarded a multiyear award for 60 aircraft.

“This award solidifies our production planning and long-term supplier pricing as we complete the initial 119 aircraft program and produce aircraft under the new award,” Lockheed said in the filing.

Shares of Bethesda, Md.-based Lockheed closed Monday at $45.21, up 16 cents, or 0.4 percent, on the New York Stock Exchange.