Lockheed Martin hopes for more Indian JVs

Lockheed Martin Corporation, leading American global aerospace, defence, security and advanced technologies company, is betting big on India with joint ventures and plans for greenfield operations. According to Indian media reports, Lockheed Martin India Chief Executive Officer Phil Shaw said the company′s long-term plans to support India's defence projects and make India a manufacturing hub. He said: “We have been engaged in India's manufacturing space for the last decade. During that period we have partnered with Tata Advanced Systems and other suppliers. “That experience has given us the confidence to pursue even bigger opportunities and partnerships in India.” He added that of Lockheed Martin's four business units, three have a presence in India Aeronautics, Rotary and Mission Systems, and Missiles and Fire Control - and the company is currently working with a partner to explore vehicle technology.