Thursday, May 24, 2018

F-16 fighter jets proposed to be manufactured in India; to give access to $165 billion fighter aircraft market

Washington: Global aerospace giant Lockheed Martin today said its proposal to manufacture custom-built F-16 fighter jets in India will make the country an export hub and give it access to an estimated $165 billion fighter aircraft market over the next few decades.

Eyeing India's lucrative defence market, the American aerospace major said F-16 production would place India at the centre of the world's largest fighter aircraft ecosystem, creating "unmatched" Make in India opportunities and export potential.

Vivek Lall, vice president, Strategy and Business Development, Lockheed Martin, said F-16 Block 70 being proposed to India will be the most technologically advanced and capable F-16 fighter jet ever produced.

"F-16 exports could begin within five years of establishing production in India. Depending on when India makes its selection, more than 200 F-16s could be exported from India," said Lall.
24/05/18 Indian Defense News
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