Wednesday, June 21, 2017

Why Lockheed May Move F-16 Production To India From Texas

At the Paris Air Show Monday, Lockheed Martin (LMT) agreed to send its Texas-based F-16 production to India in an effort to secure a major fighter deal from New Delhi. A Lockheed spokesman said if India agrees to buy F-16s, and the U.S. government is also onboard, then the company would move the F-16 line to India. Under an agreement with Tata Advanced Systems, Lockheed F-16 Block 70 fighters would be built in India instead of Fort Worth. Tata already builds airframe components for Lockheed's C-130J airlifter and the S-92 helicopter, according to the companies.

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