June 20, 2017 8:52 AM

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Tata Group, Lockheed Martin sign deal to manufacture F-16 fighter jets in India<br/>

Tata Group and American aerospace giant Lockheed Martin have signed an unprecedented deal to produce, operate and export the combat-proven F-16 fighters in India.According to PTI, under the deal signed on Monay, Lockheed will shift its Fort Worth, Texas plant to India without directly affecting American jobs, a campaign pledge of Trump who has vowed to put America First. Orlando Carvalho, executive vice president of Lockheed Martin Aeronautics said, their partnership significantly strengthens the F-16 &apos;Make In India&apos; offer, creates and maintains numerous new job opportunities in India and the US, and brings the world&apos;s most combat-proven multi-role fighter aircraft to India.The deal announced during the Paris Air show between Tata Advanced Systems Ltd, TASL, and Lockheed Martin is ideally suited to meet Indian Air Force&apos;s single-engine fighter needs.The deal is boosting Prime Minister Narendra Modi&apos;s &apos;Make in India&apos; plan ahead of his first summit with US President Donald Trump.

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