Lockheed Martin eyes bigger India footprint with $10.5bn military aircraft bid

🇮🇳 The Times of India (IN) —
Lockheed Martin eyes bigger India footprint with $10.5bn military aircraft bid

AI Summary

Lockheed Martin is seeking a larger manufacturing presence in India if it wins a contract to supply 60 medium transport aircraft to the Indian Air Force. The $10.5 billion competition involves Indian firms including Tata, Mahindra, and Adani Defence, and comes as India looks to replace aging aircraft.

Lockheed Martin plans to enhance its manufacturing capabilities in India if selected for the medium transport aircraft contract. The company already collaborates with Tata Advanced Systems for C-130J component production in India. The Indian Air Force seeks 60 medium transport aircraft to modernize its fleet due to aging aircraft. Competitors in this bid include Tata, Mahindra, and Adani Defence, partnering with global manufacturers.

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