Lockheed Martin keen to do business in India defence sector

NEW DELHI: Lockheed Martin, an US-based aerospace firm, wants to do business in the Indian defence sector also eyeing collaborations.

Currently, the company is involved with Bharat Dynamics and other component suppliers and also those in the sub-contracting business in the defence segment. The company is also hoping to bag clearances for going ahead in the anti-tank guided missiles area.

Although the proposals are in the early stages, but after the green signal, the company would establish units here in the country such as Hyderabad, Bangalore and Chennai.
Lockheed Martin is one of six international corporations that will bid to supply 126-fighter aircrafts to India under the Medium Multi-Role Combat Aircraft (MMRCA). This contract is worth $10.2 billion and expected to be finalised by September.