Lockheed sees potential exports of 200 F-16 jets from proposed Indian plant


Lockheed Martin sees a potential export market of more than $20 billion for its F-16 fighter aircraft from an assembly line in India it has offered to set up in order to win a large Indian military order, a top executive said.

The U.S. defence firm is competing with Boeing’s F/A-18, Saab’s Gripen, Dassault Aviation’s Rafale, the Eurofighter Typhoon and a Russian aircraft to supply the Indian air force with 114 combat planes in a deal estimated to be worth more than $15 billion.

Lockheed Martin has offered to shift its F-16 production line from the United States to India, potentially the biggest boost for Prime Minister Narendra Modi’s Make-in-India project to create a defence industrial base and generate jobs for the thousands of youth entering the workforce each month. Read More

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