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Lockheed Martin Eyes Move of Some F-16 Production Work to India

F16FleetTYSONS CORNER, VA, March 23, 2016 — Lockheed Martin (NYSE: LMT) is working with the U.S. and Indian governments to discuss the potential move of some F-16 aircraft production operations to India, ExecutiveBiz reported Tuesday.

The Hindu newspaper reported Monday the plan works to support the country’s recapitalization targets for fighter jets and facilitate technology transfer initiatives.

The governments could reach a decision by April, the report said.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
[email protected]

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