What Happened
US Aerospace Giant Seeks To Boost Local Manufacturing Capacity
Lockheed Martin is looking to expand its production capabilities in India if it wins the bid to supply medium transport aircraft for the country’s armed forces. The company has partnered with Tata Advanced Systems Limited, which currently produces components and empennages of the C-130J aircraft. The contract, worth USD 10.5 billion, is for 60 medium transport aircraft, and five Indian companies are competing for the deal. Lockheed Martin’s proposal includes 12 aircraft in flyaway condition and 48 manufactured in India, according to a senior official. This story was first reported by an unknown source.