Lockheed inks Memorandums of Understanding with three Indian start-ups

Lockheed Martin this week held an "aerospace suppliers conference" in New Delhi, to identify Indian firms that could manufacture components, sub-systems and systems

The world’s biggest aerospace and defence company, Lockheed Martin, on Friday announced it had signed Memorandums of Understanding (MoUs) with three Indian start-ups — Terero Mobility, Sastra Robotics, and NoPo Nanotechnologies.

These companies, which will now be mentored by Lockheed Martin to integrate into its global supply chain, were identified through the India Innovation Growth Programme (IIGP), an innovation contest through which the US firm identifies Indian research and development (R&D) potential.

Lockheed Martin has announced it expects Terero Mobility to work on the design, development, test and qualification of a cargo ground buildup system (CGBS), which will handle cargo delivered by