Airshow: Lockheed signs pact with Tata to make F-16 planes in India 

"This unprecedented F-16 production partnership between the world's largest defense contractor and India's premier industrial house provides India the opportunity to produce, operate and export F-16 Block 70 aircraft, the newest and most advanced version of the world's most successful, combat-proven multi-role fighter," Lockheed Martin said in a statement. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

According to the release, the recent partnership in production of F-16 Block 70 supports thousands of Lockheed Martin and F-16 supplier jobs in the US whereby it creates new manufacturing jobs in India, and positions Indian industry at the center of the most extensive fighter aircraft supply ecosystem in the world.

"This agreement builds on the already established joint venture between Lockheed Martin and Tata and underscores the relationship and commitment between the two companies," Tata Sons chairman N Chandrasekaran, said in a statement. 

Commenting on its partnership with Tata Sons, Lockheed Martin's executive vice president Orlando Carvalho said, "Our partnership significantly strengthens the F-16 'Make in India' offer, creates and maintains numerous new job opportunities in India and the US, and brings the world's most combat-proven multi-role fighter aircraft to India."

ALSO READ: Tata Advanced Systems Ltd, Raytheon to co-produce Stinger missile components in India