Aero India 2019: Lockheed Martin unveils new combat jet F-21
This "unprecedented" Make in India opportunity combines the strength of the world's largest defence contractor with India's premier industrial house to deliver "a historic win-win" for India and the United States, the statement said.
American Defence giant Lockheed Martin Wednesday unveiled the F-21 multi-role fighter jet for India, to be produced locally, as it eyed a multi-billion dollar military order. Specifically configured for the IAF, the F-21 provides "unmatched" Make in India opportunities and strengthens India's path to an advanced airpower future, the firm said announcing the plan on the opening day at the Aero-India 2019 air show here.
Lockheed Martin and Tata Advanced Systems would produce the F-21 in India, for India, it said in a statement. The US Defence major, which had earlier offered its F-16 fighter to India, said the F-21 addresses the IAF's unique requirements and integrates India into the world's largest fighter aircraft ecosystem.
"The F-21 is different, inside and out," said Dr Vivek Lall, vice president of Strategy and Business Development for Lockheed Martin Aeronautics. "The new [F-21] designation highlights our commitment to delivering an advanced, scalable fighter aircraft to the Indian Air Force that also provides unrivaled industrial opportunities and accelerates closer India-US cooperation on advanced technologies," he said.
Watch This Aero India 2019 Video
Because these beautiful birds deserve a slow down moment to appreciate their grace #AeroShow2019 @AeroIndiashow pic.twitter.com/wIlR6qvTDY
— Avigail C.J. Spira (@Avigailcjm) February 20, 2019
This "unprecedented" Make in India opportunity combines the strength of the world's largest defence contractor with India's premier industrial house to deliver "a historic win-win" for India and the United States, the statement said.
Lockheed Martin is a global security and aerospace company that employs approximately 1,05,000 people worldwide. It is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
Power of Compounding: Salary Rs 25,000 per month; is it possible to create over Rs 2.60 crore corpus; understand it through calculations
Reduce Home Loan EMI vs Reduce Tenure: Rs 75 lakh, 25-year loan; which option can save Rs 25 lakh and 64 months and how? Know here
Top 7 Large and Mid Cap Mutual Funds with Best SIP Returns in 5 Years: No. 1 fund has turned Rs 15,000 monthly SIP investment into Rs 20,54,384; know about others
New Year Pick by Anil Singhvi: This smallcap stock can offer up to 75% return in long term - Check targets
PSU Oil Stocks: Here's what brokerage suggests on these 2 largecap, 1 midcap scrips - Buy, Sell or Hold?
12:38 PM IST