Lockheed nears F-35 block buy deal worth more than $37 billion

Lockheed nears F-35 block buy deal worth more than $37 billlion: Sources

Lockheed nears F-35 block buy deal worth more than $37 billlion: Sources

USA defense manufacturer Lockheed Martin will reportedly sign a deal worth over 37 billion dollars to sell a record 440 F-35 fighter jets to a group of eleven nations, including South Korea and the U.S. Some 3,200 of these planes are being flown by 26 countries around the world.

A joint press release said the deal will support "thousands of Lockheed Martin and F-16 supplier jobs in the USA, creates new manufacturing jobs in India".

"Our partnership significantly strengthens the F-16 "Make In India" offer, creates and maintains numerous new job opportunities in India and the U.S., and brings the world's most combat-proven multi-role fighter aircraft to India", he said. According to sources Lockheed Martin and Tata signed an agreement in Paris on the sidelines of the Paris Air Show.

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Lockheed Martin Corp is in the final stages of negotiating a deal worth more than $37 billion to sell a record 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the talks said.

Modi's Make-in-India drive runs the risk of conflicting with US President Donald Trump's America First policy under which he has been asking companies to set up base in US for creating jobs instead of setting up factories overseas. The other two main arms suppliers to India are Russian Federation and Israel.

The F-35 has been widely criticized for being too expensive, including by U.S. President Donald Trump and other U.S. officials who have criticized the Pentagon's most expensive program for delays and cost overruns.

Johnson, Day and McIlroy miss cut at US Open
McIlroy, playing for the first time in a month to rest a nagging rib injury, finally got it going when it was too late. Brooks Koepka bogeyed the par-3 sixth after hitting his tee shot near the grandstand and fell to 7 under.

Lockheed Martin is pitching the Block 70 F-16 fighter jet to meet Indian Air Force's single-engine fighter requirement, while SAAB is offering its Gripen fighter. In a short span of five years, Tata Advanced Systems Limited has become a significant player in the global aerospace market, becoming the premier manufacturing partner for global OEMs, including Boeing, Airbus Group, Sikorsky Aircraft Corporation, Lockheed Martin Aeronautics, Pilatus Aircraft Ltd, Cobham Mission Equipment, RUAG Aviation, as well as the Government of India's Defence Research & Development Organisation.

Tata is already building airframe components for the C-130 military transport aircraft. A formal bid for 100 to 250 planes is expected to open soon.

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This Father's Day, think outside the box
You can express a lot of gratitude to your father by saying that he is a fountain of strength and pillar of wisdom to you. Dad always thought laughter was the best medicine, which I guess is why several of us died of tuberculosis.

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