United States (US) based renowned fighter jet maker Lockheed Martin has signed an agreement with the state-owned Hindustan Aeronautics Limited (HAL) to explore potential industrial collaboration in India's aerospace sector, reports Economic Times.
Talking about the agreement with Bengaluru based aerospace major, JR McDonald who is the vice president of business development at Integrated Fighter Group of Lockheed Martin Aeronautics said, "We are excited to explore potential opportunities with HAL, one of the largest aerospace companies in Asia".
Meanwhile, HAL's chairman and managing director said that HAL is looking forward to working with Lockheed Martin in exploring opportunities in the domestic and international markets.
It should also be noted that McDonald also said, "We are committed to continuing to integrate Indian industry into our aerospace and defence ecosystem and demonstrating Lockheed Martin's commitment to India now and in the decades to come."
Lockheed Martin is one of the key companies which are in the race for the Indian Air Force (IAF)'s multi-billion dollar contract for the supply of 114 fighter jets and has offered its F-21 fighter jet under a 'Make in India' proposition.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.