What Happened
US Aerospace Giant Plans Manufacturing Boost If It Wins $10 Billion Deal
Lockheed Martin plans to significantly expand its manufacturing capabilities in India if it wins a $10.5 billion contract to supply medium transport aircraft to the Indian armed forces. The company has teamed up with Tata for the programme, building on their existing manufacturing relationship. The deal aims to strengthen the Indian Air Force’s transport fleet, including replacing ageing aircraft. According to a senior company executive, the manufacturing network could be expanded further if the companies secure the Indian contract, as reported by Moneycontrol.