Thursday 9 February 2017

Lockheed says U.S. may take 'fresh look' at its India F-16 plan

Ripples Advisory Private Limited, Indore @9303093093

U.S. defence firm Lockheed Martin wants to push ahead with plans to move production of its F-16 combat jets to India, but understands President Donald Trump's administration may want to take a "fresh look" at the proposal. With no more orders for the F-16 from the Pentagon, Lockheed plans to use its Fort Worth, Texas plant instead to produce the fifth generation F-35 Joint Strike Fighter that the United States Air Force is transitioning to. 

Lockheed would switch F-16 production to India, as long as the Indian government agrees to order hundreds of the planes that its air force desperately needs. Trump has criticised U.S. companies that have moved manufacturing overseas and which then sell their products back to the U.S. In his first few weeks in office, he has pushed companies, from automakers to pharmaceutical firms, to produce more in the United States.

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