Skip to content
Search

Latest Stories

Lockheed Unveils New F-21 Fighter Jet Configured For India

LOCKHEED Martin today (20) offered India a new combat jet to be made locally, the F-21, in an attempt to win a large military order worth more than $15 billion.

The US defence firm had previously offered its F-16 fighter used by countries around the world for the Indian Air Force's ongoing competition for 114 planes to be made in India.


But Lockheed, unveiling the plan at an air show in the southern city of Bengaluru, said it was offering India a new plane configured for its needs.

It would carry technologies from its fifth generation planes, the F-22 and the F-35, the firm said.

"The F-21 is different, inside and out,” Vivek Lall, vice president of strategy and business development for Lockheed Martin Aeronautics, said in a statement.

The company will build the plane in collaboration with India's Tata Advanced Systems, the firm said.

Lockheed is competing with Boeing's F/A-18, Saab's Gripen, Dassault Aviation’s Rafale, the Eurofighter Typhoon and a Russian aircraft for the air force order.

India has a lengthy procurement process, and no decision is expected until well after a national election due by May.

Lockheed has offered to move its F-16 production plant at Fort Worth, Texas, to India, if it wins the order in a boost for prime minister Narendra Modi's Make-in-India plan to build a domestic military industrial base and create jobs.

It said it expected to export planes from the proposed plant in India on top of the Indian requirements for an overseas market that it estimated at $20bn. But the Indian military has had concerns over the F-16 as an old plane and in an earlier competition it lost out to the eventual winner, the Rafale built by Dassault.

But Lockheed said the F-21 could be India's pathway to the stealth F-35 fighter, which has entered US service in one of the world's most expensive defence programmes.

"The F-21 has common components and learning from Lockheed Martin’s fifth generation F-22 and F-35 and will share a common supply chain on a variety of components," the company said.

It said production in India would create thousands of jobs for Indian industry as well as support hundreds of US based Lockheed Martin engineering, programme management and customer support positions.

(Reuters)

More For You

enforcement directorate

The Enforcement Directorate searches were conducted at locations linked to the Gupta brothers, Piyoosh Goyal of World Window Group, and entities such as Sahara Computers and ITJ Retails Pvt Ltd.

Getty Images

India agency acts on South Africa request in Gupta brothers probe

INDIA's financial crime fighting agency, the Enforcement Directorate (ED) on Tuesday carried out searches at locations connected to the Gupta brothers of South Africa and their associates in a money laundering case.

The action followed a Mutual Legal Assistance Request (MLAR) received by India from South Africa in connection with the "state capture scam," reported PTI quoting sources.

Keep ReadingShow less
Trump and Modi

Donald Trump speaks with the press as he meets with Narendra Modi in the Oval Office of the White House on February 13, 2025. (Photo: Getty Images)

Getty Images

Trump’s doubling of tariffs on Indian imports takes effect

Highlights

  • US tariffs on Indian imports rise to as much as 50 per cent
  • Nearly 55 per cent of India’s $87bn exports to US could be affected
  • Exporters warn of job losses and call for loan moratoriums
  • India says support measures will be offered to affected exporters

US PRESIDENT Donald Trump’s doubling of tariffs on Indian imports took effect on Wednesday, raising duties on some shipments to as much as 50 per cent. The move escalates trade tensions between India and the United States.

Keep ReadingShow less
Surat-diamond-Reuters

Craftsmen work on diamonds at a diamond processing unit in Surat, India, August 15, 2025. (Photo credit: Getty Images)

Getty Images

Tariff surge threatens one-third of India’s diamond exports

THE SURAT Diamond Bourse, billed as the world's largest office complex and bigger than the Pentagon, remains largely empty with only a few traders working.

Business has slowed, and the outlook is uncertain.

Keep ReadingShow less
Earn $7k/day through mining contracts by Bitcoin (BTC) plummets, BTC holders

Earn $7k/day through mining contracts by Bitcoin (BTC) plummets, BTC holders

Bitcoin whale dumped 24,000 BTC, triggering a flash crash that sent the price plummeting by $110,000. This depressed market sentiment, led to the liquidation of numerous leveraged long positions, and intensified short-term selling pressure.

At the same time, GoldenMining launched a new Bitcoin mining contract to mitigate the risk of Bitcoin's price decline and help Bitcoin holders earn daily returns.

Keep ReadingShow less
From office workers to freelancers, users around the world use GoldenMining to earn $2,500 a day

From office workers to freelancers, users around the world use GoldenMining to earn $2,500 a day

Have you ever thought about making money from cryptocurrency without any technical knowledge, equipment, or time commitment? It's not about speculation or scalping, but rather a more stable and simple method: cloud mining.

The GoldenMining platform is designed specifically for everyday users like you. You don't need professional background, mining equipment, or even a server. With just a mobile phone or computer and a small investment, you can automatically participate in mining mainstream cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC), with daily profits automatically deposited into your account.

Keep ReadingShow less