Tata Advanced Systems and Lockheed Martin Corporation have formed a new joint venture company called 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.
Tata group Chairman, Ratan Tata, said "we are very proud of our association with Lockheed Martin and believe it will raise the capability of the aerospace industry in India as also complement the efforts of our defence public sector undertakings."
Lockheed Martin's Executive Vice-President Aeronautics, Ralph D Heath, said that "this partnership is established as a strategic element of our global supply-chain and solidifies our presence in India. We are confident it will enhance long-term competitiveness of the C-130 and assure its production for decades to come."
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