Landmark agreement supports F-16 Block 70
'Make in India' offer
PARIS, June 19, 2017 /PRNewswire/ -- Lockheed Martin
(NYSE: LMT) and Tata Advanced Systems Limited (TASL) signed a landmark
agreement affirming the companies intent to join hands to produce the F-16
Block 70 in India. The F-16 Block 70 is ideally suited to meet the Indian Air
Force's single-engine fighter needs and this unmatched U.S.-Indian industry
partnership directly supports India's initiative to develop private aerospace
and defense manufacturing capacity 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.
F-16 production in India supports thousands of Lockheed
Martin and F-16 supplier jobs in the U.S., 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," said Mr. N. Chandrasekaran,
chairman of Tata Sons.
"Lockheed Martin is honored to partner with Indian
defense and aerospace leader Tata Advanced Systems Limited on the F-16
program," said Orlando Carvalho, executive vice president of Lockheed
Martin Aeronautics. "Our partnership significantly strengthens the F-16
'Make in India' offer, creates and maintains numerous new job opportunities in
India and the U.S., and brings the world's most combat-proven multi-role
fighter aircraft to India."
The Lockheed Martin-TASL F-16 partnering agreement builds
on TASL's proven performance manufacturing airframe components for the C-130J
airlifter and the S-92 helicopter.
With more than 4,500 produced and approximately 3,200
operational aircraft worldwide being flown today by 26 countries, the F-16
remains the world's most successful, combat-proven multi-role fighter ever
produced. The F-16 Block 70 is the newest and most technologically advanced
F-16 ever offered.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a
global security and aerospace company that employs approximately 97,000 people
worldwide and is principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology systems,
products and services.
About Tata Advanced Systems Limited
Tata Advanced Systems Limited is a wholly owned
subsidiary of Tata Sons, focused on providing integrated solutions for
Aerospace, Defence and Homeland Security. In a short span of five years, Tata
Advanced Systems Limited has become a significant player in the global
aerospace market, becoming the premier manufacturing partner for global OEMs,
including Boeing, Airbus Group, Sikorsky Aircraft Corporation, Lockheed Martin
Aeronautics, Pilatus Aircraft Ltd, Cobham Mission Equipment, RUAG Aviation, as
well as the Government of India's Defence Research & Development
Organisation. It has capabilities throughout the entire aerospace value chain
from design to full aircraft assembly, and is well positioned in other areas
that include missiles, radars, unmanned aerial systems, command and control
systems, optronics and homeland security.
Source: lockheedmartin.com
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