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Bloomberg: Lockheed Looks to Build F-16 Manufacturing Base in India

Bloomberg: Lockheed Looks to Build F-16 Manufacturing Base in India - top government contractors - best government contracting event

F16FleetLockheed Martin Corp. is in talks with India to transfer the manufacturing base for the F-16 fighter jet to the country, Bloomberg reported Tuesday.

Nc Bipindra and Iain Marlow write the deal could authorize India along with the U.S. to approve which countries may buy an F-16 and related components.

“Some components may be produced only in India,” Abhay Paranjape, a director of business development in Lockheed’s aeronautics segment, told Bloomberg.

“We are looking at establishing a complete manufacturing base ecosystem,” Paranjape added.

The proposal is part of Lockheed’s effort to compete for a potential order for 100 fighter jets from India under a $150 billion effort to modernize the country’s armed forces, according to the report.

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Written by Jay Clemens

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