Lockheed Martin (LMT.N) will build wings for its F-16 combat plane in India with its local partner, Tata Advanced Systems Limited, an executive at the U.S. company said on Tuesday. Lockheed is bidding for a contract – estimated at more than $15 billion – to supply the Indian air force with 114 combat planes, which must be all manufactured locally under Prime Minister Narendra Modi’s flagship Make in India program. “Producing F-16 wings in India will strengthen Lockheed Martin’ strategic partnership with Tata and support Make in India,” the company said in a statement. …read more
Source:: Yahoo Finance
