IGB archive

Lockheed to make F-16 wings in India with Tata

India Global Business Staff

Aerospace and defence technologies company Lockheed Martin will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the US company said this week. Lockheed is bidding for a contract to supply the Indian air force with 114 combat planes, which must be all manufactured locally under Prime Minister Narendra Modi′s flagship Make in India program. However, Vivek Lall, vice president of strategy and business development at Lockheed, said the proposed Indian production of the F-16 wings would not be contingent upon the company winning the order for the planes. "Producing F-16 wings in India will strengthen Lockheed Martin′ strategic partnership with Tata and support Make in India," the company said in a statement.

Tata Group’s take over of Air India puts the competition on alert

RBI says growth impulses strengthening, inflation trajectory favourable

Gadkari focuses on alternate fuels, EVs in clean transport push

India, UAE march towards Comprehensive Economic Partnership Agreement

India’s new Parliament on track to host 2022 Winter Session