Tuesday January 15, 2008

Lockheed to sell F-16's to India (and also to Pakistan)

bloomberg.com :

Lockheed Martin, the world's largest defense company, started a unit today [9 Jan 2007] in India, ahead of the government's plan to purchase $11 billion of fighter jets. The Indian unit will offer F-16 multi-role fighter aircraft, P-3 maritime surveillance aircraft, C-130J transport planes, MH-60R helicopters and air and missile-defense systems, Bethesda, Maryland-based Lockheed Martin said in a statement. Lockheed, Raytheon and Boeing are trying to win military contracts for the first time in India as political relations improve between the U.S. and the South Asian nation.

India, which operates Russian MiG and Sukhoi planes in its air force, in June invited bids for 126 fighter jets, the biggest order for combat planes in 15 years. The nation is strengthening defense forces as China develops its own fighter planes and Pakistan buys aircraft from the U.S. Lockheed also plans to supply F-16 fighter jets to Pakistan. India is among the top growth markets for Lockheed, the New York Times reported in August, citing Richard G. Kirkland, the defense contractor's South Asia president.

- This fits in well with the fiscal stimulus and dollar-exit theme. If the consumers can't cut it, then the governments will.

See also :

1. US Air Force grounds entire F-15 fighter-bomber fleet on safety concerns
2. Twice the jet fighters

(2008-01-15 19:15:39 SGT) [Biz] Permalink

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