Lockheed Martin shares new partnership alternatives with Indian suppliers

By: PTI | New Delhi |

Published: August 6, 2020 9:16:55 pm

Lockheed Martin, Lockheed Martin india partnership, indian defence sector, india us defence ties, mh-60r helicopters FILE – In this July 7, 2006, file photograph, the Lockheed Martin F-35 Joint Strike Fighter is proven after it was unveiled in a ceremony in Fort Worth, Texas. Lockheed Martin on Thursday stated its RMS workforce will work with succesful Indian corporations over the subsequent 7-Eight years and supply alternatives to the business to combine into the worldwide provide chain. (AP Photo/LM Otero, File)

US aerospace big Lockheed Martin shared details about new partnership alternatives with the Indian corporations in the course of the five-day digital annual suppliers convention that ended on July 31, stated an official assertion on Thursday.

These alternatives with the Indian business are in areas like house, aeronautics, rotary and mission techniques (RMS) and missiles and fireplace management (MFC), the corporate stated.

“A spotlight from the corporate’s RMS group is future work with MH-60R (naval helicopter) for India. There is an offset requirement for the programme, and in order a part of that, Lockheed Martin will put extra oblique work over in India,” it acknowledged.

During the February go to of US President Donald Trump, India introduced that it’s going to procure 24 MH-60R helicopters, value round USD 2.6 billion.

Lockheed Martin on Thursday stated its RMS workforce will work with succesful Indian corporations over the subsequent 7-Eight years and supply alternatives to the business to combine into the worldwide provide chain.

“RMS’ Supply Chain workforce already works with a number of industrial companions in India and plans to broaden that listing, strengthening its dedication to the nation,” it added.

In April final yr, the Indian Air Force issued an RFI (request for data) or an preliminary tender to amass 114 multirole fighter plane at a value of round USD 18 billion, which is billed as one of many world’s largest navy procurement in recent times.

The high contenders for the deal embody Lockheed’s F-21, Boeing’s F/A-18, Dassault Aviation’s Rafale, the Eurofighter Typhoon, Russian plane Mig 35 and Saab’s Gripen.

On July 16 final yr, Vivek Lall, the then vice chairman of Strategy and Business Development for Lockheed Martin, had stated the corporate’s provide of F-21 fighter jets is a really sturdy ‘Make in India’ proposition and if the nation goes for the deal will probably be “plugging into the world’s largest fighter airplane ecosystem”.

The firm on Thursday stated its annual provider convention, which passed off between July 27-31 just about, was themed ‘Making India a part of the Global Supply Chain’.

It stated the convention noticed participation of greater than 200 corporations of all sizes — giant, micro, small and medium enterprises (MSMEs) and start-ups.

The convention was co-hosted with the Society of Indian Defence Manufacturers (SIDM) and the Confederation of Indian Industry (CII).

“The occasion reiterated Lockheed Martin’s resolve to develop the capabilities of suppliers and to offer them entry to the worldwide provide chain to fabricate in India, from India, for India and the world,” it stated.

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