Lockheed Martin Corporation and Tata Advanced Systems (TAS) on Monday announced the formation of a new joint venture company — Tata Lockheed Martin Aerostructures — to manufacture aerostructures for the C-130 aircraft produced by Lockheed Martin.
The new Tata Lockheed Martin Aerostructures facility is export-oriented, and the products manufactured will form a key aircraft structure that Lockheed Martin will integrate and complete for its global C-130 aircraft customers, a statement said.
Ralph D. Heath, Lockheed Martin Executive Vice-President, Aeronautics, said, “This partnership is established as a strategic element of our global supply chain and solidifies our presence in India.'' Ratan N. Tata, Chairman, Tata Sons, said, “We believe it will raise the level of capability of the aerospace industry in India as also complement the efforts of our Defence Public Sector Undertakings.”
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Lockheed Martin is a global security company that employs about 1.32 lakh people worldwide and is principally engaged in research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Tata Advanced Systems is a wholly-owned subsidiary of Tata Sons focussed on providing integrated solutions for aerospace, defence, homeland security and disaster management.