Thursday 28 May 2020, 08:51 AM
Lockheed's F-16 Is Likely Frontrunner For India's Next Fighter Order
By IANS | Bharat Defence Kavach | Publish Date: 10/14/2016 12:00:00 AM

Lockheed Martin (LMT) lost the first round of India's fighter jet competition to France's Dassault, but its F-16 is likely in India's cross hairs as New Delhi starts another acquisition program.

India is looking to buy single-engine fighters to replace some of its roughly 900 fighters, mostly Russian-built aircraft nearing the end of their service lives. The single-engine jets will replace Russian MiG 21 and MiG 27 aircraft.

"Some overseas participants" were invited to participle in the program, according to a Ministry of Defense official cited by Defense News Wednesday.Saab's Gripen E is also expected to be in the running too, along with a Russian offering.

Lockheed Martin shares closed up 0.4% at 232.99 on the stock market today. The stock has fallen sharply since peaking on Aug. 15, with Lockheed undercutting its 200-day line last week.

Last month, India signed a deal worth nearly $9 billion for 36 Rafale fighter jets, rather than picking Boeing's F/A-18 E/F Super Hornet, Lockheed's F-16 or BAE's Eurofighter.

Analysts predicted that India would launch another acquisition, likely within the year, because the deal was too small to make a dent in India's replacement needs.

Lockheed has offered attractive incentives to New Delhi. In August, Lockheed said it would move its F-16 manufacturing to India. During U.S. Defense Secretary Ash Carter's visit to India in April, he reportedly pushed for a Boeing (BA) or Lockheed buy.


Lockheed's F-16 Is Likely Frontrunner For India's Next Fighter Order


भारत डिफेंस कवच की नई हिन्दी पत्रिका ‘डिफेंस मॉनिटर’ का ताजा अंक ऊपर दर्शाया गया है। इसके पहले दस पन्ने आप मुफ्त देख सकते हैं। पूरी पत्रिका पढ़ने के लिए कुछ राशि का भुगतान करना होता है। पुराने अंक आप पूरी तरह फ्री पढ़ सकते हैं। पत्रिका के अंकों पर क्लिक करें और देखें। -संपादक

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