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Lockheed Eyes Move to India for F-16 Manufacturing Base


F16FleetTYSONS CORNER, VA, Aug. 25, 2016 — Lockheed Martin (NYSE: LMT) plans to move the manufacturing base for the company’s F-16 aircraft to India in efforts to secure a potential order of more than 150 fighter jets under a military modernization program by the Indian government, ExecutiveBiz reported Wednesday.

Bloomberg reported Tuesday the proposed transfer could add the country as an additional authority alongside the U.S. for the approval of F-16 purchase orders.

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 five consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

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David Smith
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david.smith@executivemosaic.com

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