This move may indicate Lockheed Martin's growing interest in the Indian defence market. The partnership with Tata Advanced Systems Limited suggests a long-term commitment to India's 'Make in India' initiative, which could strengthen Lockheed's position in the country's defence sector and may lead to further collaborations.
US Aerospace Giant Partners With Tata For Defence Contract
Lockheed Martin plans to significantly boost its manufacturing presence in India by partnering with Tata Advanced Systems Limited to secure a $10.5 billion defence contract for medium transport aircraft. The company’s proposal includes manufacturing 48 of the 60 aircraft in India and upgrading the Indian Air Force’s current C-130J fleet. This development was reported by Rediff.com.
This move may indicate Lockheed Martin's growing interest in the Indian defence market. The partnership with Tata Advanced Systems Limited suggests a long-term commitment to India's 'Make in India' initiative, which could strengthen Lockheed's position in the country's defence sector and may lead to further collaborations.
US Aerospace Giant Partners With Tata For Defence Contract
Lockheed Martin plans to significantly boost its manufacturing presence in India by partnering with Tata Advanced Systems Limited to secure a $10.5 billion defence contract for medium transport aircraft. The company’s proposal includes manufacturing 48 of the 60 aircraft in India and upgrading the Indian Air Force’s current C-130J fleet. This development was reported by Rediff.com.