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Hello Everyone This is World Conspiracy Daily
WC Daily
Lockheed Martin teams up with Tata to make F-16 Fighters in India
The defence arm of the Tata Group has signed an agreement with American firm Lockheed Martin
to produce and export new generation F-16 fighter aircraft, potentially kick-starting
a mega 'Make in India' project days ahead of Prime Minister Narendra Modi's first
meeting with US President Donald Trump.
The deal, signed at the Paris Air Show, is subject to the condition that the F-16 Block
70 fighter jet emerges as the winner of an Indian Air Force competition to procure more
than 100 single-engine fighters.
The Tata Advanced Systems Limited-Lockheed Martin combine will compete with Sweden's
Saab, which will offer its Gripen fighter aircraft for the requirement.
Lockheed Martin will move its only operational line producing the F-16s from Texas to India
if it wins the contract, as per exclusive details of the agreement available with ET.
The American company also sees a $15 billion export potential for the jet to other customers
in the region.
Tata to offer service support Industry executives said the agreement will
give the Tata Group firm the ability to integrate Indian sensors and systems into the high-technology
Block 70 version of the US fighter jet.
Besides providing full service support for the F-16, the agreement will enable the Indian
company to offer all future upgrades for the aircraft on its own, they said.
The timing of the announcement assumes significance, coming as it does ahead of Modi's visit
to the US, where he is also scheduled to meet Lockheed Martin CEO Marillyn Hewson, according
to people familiar with the matter.
Lockheed Martin has said the partnership will support thousands of jobs in the US, besides
creating new manufacturing jobs in India.
It has pitched the F-16 as a fighter jet that makes the best business case for India as
well, pointing out that there are nearly 3,200 operational aircraft of this type worldwide.
The Maryland-based company has offered to make India the hub for all service and support
requirements of the F-16 fleet worldwide, even as its service centres in countries such
as Turkey, which services the Pakistani Air Force, will continue to operate.
Saab is expected to be a keen competitor, offering the Gripen as a newer aircraft with
more technology transfer.
While the Swedish company has yet to announce an Indian partner, it is in talks with both
the Mahindra Group and Adani Group for collaboration.
So what do you think of F16 Fighter Jet is to made in India ?
Is it good Economic Boost for India ? Or Indian Tejas better Choice ?
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