Lockheed Martin Commits To Building F-16s In India

Tata group and Lockheed Martin executives sign the F-16 agreement. (Courtesy of Lockheed Martin)

CNN: Lockheed Martin says it will make F-16 fighter jets in India

One of the world's best-known fighter jets could soon be built in India.

Lockheed Martin (LMT) said Monday that it will make its classic F-16 aircraft in the South Asian nation, if the Indian government grants it a contract to supply fighter jets to the country's air force. The U.S. firm will build the jets through a partnership with Indian industrial giant Tata, the companies announced at the Paris Air Show.

Maryland-based Lockheed is hoping to see off competition from Swedish manufacturer Saab and its Gripen fighter for the big potential order from the Indian Air Force.

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