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US defence major Lockheed Martin has firmed up its plans to produce the latest version of its iconic F16 fighter jets only in India under the ‘Make in India’ programme. The multibillion dollar deal was “finalised” during the recent visit of Lockheed Martin’s Chairman, President and CEO Marillyn Hewson here last week, a top official, involved in the talks, told BusinessLine. ‘Exclusively’ in India :: Under the deal, the company will be manufacturing the latest version of the jets – F16 Block 70/72 – that will be produced “exclusively” in India. This will be the “most advanced” version and will not be built anywhere else in the world. Lockheed Martin also plans to export them from the India plant at a later stage, the official said. The F16 project is a government to government deal that will be conducted through the Foreign Military Sales (FMS) route. However, it seems Lockheed Martin has no plans to take the 100 per cent foreign direct investment route for the programme. It is likely to coproduce the F16s in collaboration with the Tata Advanced Systems Ltd., which has been its partner for other defence and aerospace programmes such as the C130 cargo plane. The Maryland based firm is currently scouting for land to set up its manufacturing unit. According to sources, it is looking to set up the plant in a State that will have a runway near a port. India had long been demanding that the F16s it buys will have to be more advanced than what is sold to neighbouring Pakistan. However, with the recent push on IndiaUS defence ties, talks on setting up the F16 plant in India have steadily progressed. The deal was “almost finalised” when Prime Minister Narendra Modi had visited Washington last month.
During this visit, Modi finalised the Logistics Exchange Memorandum of Agreement (LEMOA) with the US, which is one of the three crucial foundational agreements that strengthened IndiaUS defence ties. India is also negotiating the remaining two foundational pacts with US. As a result, the F16 programme of Lockheed Martin received a major thrust due to this strengthening of ties. Indian Air Force is in desperate need of modern fighter aircraft as it grapples with an ageing fleet.
http://www.defencenews.in/article/I...t-Advanced’-F-16-fighter-jets-by-2019-20-6645
During this visit, Modi finalised the Logistics Exchange Memorandum of Agreement (LEMOA) with the US, which is one of the three crucial foundational agreements that strengthened IndiaUS defence ties. India is also negotiating the remaining two foundational pacts with US. As a result, the F16 programme of Lockheed Martin received a major thrust due to this strengthening of ties. Indian Air Force is in desperate need of modern fighter aircraft as it grapples with an ageing fleet.
http://www.defencenews.in/article/I...t-Advanced’-F-16-fighter-jets-by-2019-20-6645