US defence main Lockheed Martin on Friday stated it signed an settlement with state-run Hindustan Aeronautics Limited (HAL) to discover potential industrial collaboration in India’s aerospace sector.
Lockheed Martin stated it was strengthening its relationships with the Indian business and was working in direction of integrating it into the corporate’s world aerospace and defence ecosystem.
“We are excited to explore potential opportunities with HAL, one of the largest aerospace companies in Asia,” stated JR McDonald, Vice President of Business Development – Integrated Fighter Group of Lockheed Martin Aeronautics.
“We are committed to continuing to integrate Indian industry into our aerospace and defense ecosystem and demonstrating Lockheed Martin’s commitment to India now and in the decades to come,” he stated.
R Madhavan, Chairman and Managing Director of HAL, stated his organisation is trying ahead to working with Lockheed Martin in exploring alternatives within the home and worldwide markets.
“Lockheed Martin is strengthening and growing its relationships with Indian industry to generate jobs and economic benefits in support of “Make in India”, “self-reliant India”, and “start-up India” initiatives, as well as in support of India’s air power mission,” the corporate stated in an announcement.
The firm is likely one of the key contenders within the race for a mega contract to produce 114 fighter jets to Indian Air Force.
Last 12 months, Lockheed Martin had completely supplied its F-21 fight jet to India with a “Make in India” proposition.
In April 2019, the Indian Air Force issued an RFI (Request for Information) or preliminary tender to accumulate 114 jets at a value of round USD 18 billion, which is billed as one of many world’s greatest navy procurement lately.
The high contenders for the deal embody Lockheed’s F-21, Boeing’s F/A-18, Dassault Aviation’s Rafale, the Eurofighter Typhoon, Russian plane Mig 35 and Saab’s Gripen.