Lockheed unveils new F-21 fighter jet configured for India

Reuters / No Comments Share:
The logo of Lockheed Martin is seen at Euronaval, the world naval defence exhibition in Le Bourget near Paris, France, October 23, 2018. REUTERS/Benoit Tessier

NEW DELHI (Reuters) – Lockheed Martin offered India yesterday a new combat jet to be made locally, the F-21, in an attempt to win a large military order worth more than $15 billion.

For in depth analysis of Cambodian Business, visit Capital Cambodia
.

The US defence firm had previously offered its F-16 fighter used by countries around the world for the Indian air force’s ongoing competition for 114 planes to be made in India.

But Lockheed, unveiling the plan at an air show in the southern city of Bengaluru, said it was offering India a new plane configured for its needs.

It would carry technologies from its fifth generation planes, the F-22 and the F-35, the firm said.

“The F-21 is different, inside and out,” Vivek Lall, vice president of Strategy and Business Development for Lockheed Martin Aeronautics, said in a statement.

The company will build the plane in collaboration with India’s Tata Advanced Systems, the firm said.

Lockheed is competing with Boeing’s F/A-18, Saab’s Gripen, Dassault Aviation’s Rafale, the Eurofighter Typhoon and a Russian aircraft for the air force order.

The deal to replace the Indian Air Force’s ageing fleet of Soviet-era fighter jets is one of the biggest contracts for such planes in play.

India has a lengthy procurement process, and no decision is expected until well after a national election due by May.

Lockheed has offered to move its F-16 production plant at Fort Worth, Texas, to India, if it wins the order in a boost for Prime Minister Narendra Modi’s Make-in-India plan to build a domestic military industrial base and create jobs.

It said it expected to export planes from the proposed plant in India on top of the Indian requirements for an overseas market that it estimated at $20 billion.

But the Indian military has had concerns over the F-16 as an old plane and in an earlier competition it lost out to the eventual winner, the Rafale built by Dassault.

But Lockheed said the F-21 could be India’s pathway to the stealth F-35 fighter, which has entered US service in one of the world’s most expensive defence programmes.

Share and Like this post

Related Posts

Previous Article

Japan books largest trade deficit in almost 5 years in January

Next Article

HCM City attracts foreign investment of $6 bln via M&A in 2018