Vivek Lall, Lockheed Martin‘s vice president of strategy and business development, told the Press Trust of India in an interview published Wednesday that the global market for the sustainment of F-16s would amount to around $165 billion through the next 30 years.
“Many air forces are actively engaging with Lockheed Martin about the prospect of procuring new F-16s. We see F-16 production opportunities totaling more than 400 aircraft, including aircraft for the Indian Air Force,” Lall said in the interview.
Lall announced in March the company’s plans to establish an exclusive F-16 production line in India that will support the Make in India program.
India could commence the export of more than 200 F-16s within five years of the establishment of a production facility, he told PTI.
He added that the company has spoken with around 100 businesses in India and with their existing global F-16 suppliers on potential opportunities to support the fighter jet.
“We are looking to establish enduring relationships with Indian industry — win-win partnerships that will strengthen India’s and America’s economy and India-US strategic ties for the next half-century and beyond,” Lall said.