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Airshow: Lockheed signs pact with Tata to make F-16 planes in India

Reuters  |  PARIS 

By Mike StonePARIS (Reuters) - Lockheed Martin signed an agreement with India's Tata Advanced Systems on Monday to produce F-16 fighter planes in India, pressing ahead with a plan to shift its Fort Worth, Texas plant to win billions of dollars worth of order from the Indian military.India's air force needs hundreds of aircraft to replace its Soviet-era fleet, but Prime Minister Narendra Modi's government has said foreign suppliers would have to make the planes in India with a local partner to help build a domestic industrial base and cut outright imports.The agreement is an "intent to partner ...

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First Published: Mon, June 19 2017. 21:11 IST
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