in ,

Lockheed Eyes Potential $15B India-Based F-16 Production Line; George Standridge Comments

Lockheed Eyes Potential $15B India-Based F-16 Production Line; George Standridge Comments - top government contractors - best government contracting event

F16FleetLockheed Martin has proposed to transfer all production of the company’s F-16 fighter jet from its Fort Worth, Texas aeronautics facility to India in an effort to fulfill up to $15 billion in exports, Economic Times reported Thursday.

Manu Pubby writes the U.S. government supports the Lockheed proposal to set up the F-16 line in India under a technology transfer agreement to help meet the requirements of the country’s air force.

“We want to make India the sole producer of all future variants of the F-16… This is an offer we have never made to anyone before,” says George Standridge, Lockheed vice president of aeronautics strategy and business development.

The report added Lockheed looks to export at least 100 of its Block 70 F-16 jets to customers in Europe and Asia.

India’s defense ministry has met with Lockheed and Boeing officials in April to discuss the possible production of the F-16 and F/A-18 Super Hornet fighter aircraft in the country.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Scott Nicholas

Par Technology to Help US Govt Agency Run Broadcasting Station in Northern Mariana Islands - top government contractors - best government contracting event
Par Technology to Help US Govt Agency Run Broadcasting Station in Northern Mariana Islands
L-3 Receives 1st Task Order Under AF Warfighter Readiness, Training Support Contract - top government contractors - best government contracting event
L-3 Receives 1st Task Order Under AF Warfighter Readiness, Training Support Contract