• Saturday, May 21, 2022

Business

Lockheed signs pact with Tata to make F-16 planes in India

F-16 production is part of the Make-in-India initiative

By: Sarwar Alam

Lockheed Martin signed an agreement with India‘s Tata Advanced Systems on Monday to produce F-16 fighter planes in India, pressing ahead with a plan to shift its Fort Worth, Texas plant to win $2 billion worth of order from the Indian military. India‘s air force needs hundreds of aircraft to replace its Soviet-era fleet, but prime minister Narendra Modi’s government has said foreign suppliers would have to make the planes in Indiawith a local partner to help build a domestic industrial base and cut outright imports. The agreement is an “intent to partner together to meet India’s Make-in-India requirement through…

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