US fighter jet manufacturer Lockheed Martin is ready to set up a plant to produce its F-16 aircraft in India, CEO Phil Shaw told reporters on the opening day of the Singapore Air Show 2016. “We…support the Make in India initiative,” he said, although would not not commit to a time frame.
Lockheed Martin currently manufactures one jet a month from its plant in the US and has a series of contracts and joint ventures in India that employ over 1,000 staff. Over the past five years it has supplied India with six C130J Super Hercules and is contracted to deliver six helicopters next year.
Source: AKIpress