Tata Group and American aerospace giant Lockheed Martin today signed an “unprecedented” deal to jointly produce the combat-proven F-16 fighter jets in India.
Under the deal, Lockheed will shift its Fort Worth, Texas plant to India without directly affecting American jobs, a campaign pledge of Trump who has vowed to put “America First”. The deal announced during the Paris Airshow between Tata Advanced Systems Ltd (TASL) and Lockheed Martin is ideally suited to meet Indian Air Force’s single-engine fighter needs.
According to defence experts, the Air Force needs around 200 medium weight category aircraft.
The announcement of the deal comes a week ahead of Modi’s meeting first bilateral meeting with Trump after the billionaire tycoon became the president of the US in January.
The agreement was signed by Sukaran Singh, CEO of TASL, and George Standridge, vice president of Strategy and Business Development, Lockheed Martin Aeronautics. Ratan Tata, Chairman Emeritus, Tata Sons, and Orlando Carvalho, executive vice president of Lockheed Martin Aeronautics, were also present.
The two companies said this unmatched US-Indian industry partnership directly supports New Delhi’s initiative to develop private aerospace and defence manufacturing capacity in the country under the ‘Make in India’ initiative.
According to PTI, N Chandrasekaran, chairman of Tata Son said that this agreement builds on the already established joint venture between Lockheed Martin and Tata and underscores the relationship and commitment between the two companies.
The company said the “unprecedented” F-16 production partnership between the world’s largest defence 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 US, creates new manufacturing jobs in India, and positions Indian industry at the centre of the most extensive fighter aircraft supply ecosystem in the world.
