Lockheed Martin (NYSE:LMT) and Tata Advanced Systems Limited have entered into a teaming agreement to expand upon the companies' business relationship through the C-130J Super Hercules tactical airlifter. This announcement marks a significant step in enhancing India's defence and aerospace capabilities while also deepening India-U.S. strategic ties.
This agreement provides a framework for collaboration on future potential business opportunities to include:
- Establishing a Maintenance, Repair and Overhaul (MRO) facility in India to support the Indian Air Force's (IAF) existing fleet of 12 C-130Js as well as other global Super Hercules fleets;
- Expanding C-130J manufacturing and assembly in India to produce aircraft for the IAF's Medium Transport Aircraft (MTA) program, subject to U.S. and Indian government approvals.
Lockheed Martin will continue to build C-130Js for the U.S. government and other global operators at the existing Super Hercules production facility in Marietta, Georgia, USA. Lockheed Martin will establish additional production and assembly capacity in India if awarded the MTA contract.
