Vivek Lall, vice president of Strategy and Business Development for Lockheed Martin, says if F-21 wins the contract, then India will also be integrated into the company's global fighter ecosystem.
Lockheed Martin during the Aero India show in Bengaluru in February unveiled the F-21 multi-role fighter jet for India, to be produced locally.
The US defence firm had earlier offered its F-16 fighter used by countries around the world for the Indian air force's ongoing competition for 114 planes to be made in India.
"Lockheed Martin is committed to strategic, long-term international defense partnerships with India. India has a pressing need for advanced, scalable defense capabilities," Vivek Lall, vice president, Aeronautics Strategy and Business Development at Lockheed Martin told PTI.
A major Pentagon supplier, Lockheed Martin will receive a USD 6 billion advance for the order, due to be completed in March 2023.
Last year, Lockheed Martin and Tata Advanced Systems Limited announced their intention to join hands to produce the F-16 Block 70 in India if the aircraft is selected by the Indian Air Force.
Maryland-based Lockheed Martin has entered into an agreement with Tata Advanced Systems Limited (TASL) for the production of the wings.
Boeing, Lockheed Martin, Saab and Dassault are among the global manufacturers expected to compete for the order to equip India's air force with military jets.
"Applications for this programme, launched in 2007, will be received from March 21. It looks for start-ups and university students, who have got innovation, and they may be allowed to take their ideas to the next stage, enabling them to enter the market," Lockheed Martin India, Chief Executive Phil Shaw was quoted as saying in a release here.
Shares of the US defense contractor rose 2.4 percent to USD 353.15 in premarket trading.
The company employs about 1,000 people in India and out of this only 5 per cent are women.
The Trump regime has informed the Congress that it "strongly supports" transfers of F-18 and F-16 fighter proposals put forth by Boeing and Lockheed Martin respectively.
The Hindon facility will train the air crew who operate the C-130J special operations aircraft acquired from Lockheed Martin in 2011.
Lockheed raised its 2017 profit forecast for the second time and said it now expects to earn $12.30 to $12.60 per share. The company in April forecast $12.15 to $12.45 per share.
Just days ahead of Prime Minister, Narendra Modi's visit to the US, Lockheed Martin has signed an agreement with India's Tata Advanced Systems to produce F-16 fighter planes in India. However, this Make in India drive runs the risk of conflicting with US President, Donald Trump's 'America First' campaign. Lockheed and Tata have said that moving the production base to India would not cost American jobs in any way.
Under the deal, Lockheed will shift its Fort Worth, Texas plant to India without directly affecting American jobs, a campaign pledge of Trump who has vowed to put "America First".
"The conversation has progressed to the point that we are deferring at this point to the government-to-government conversation. And that conversation is ongoing," a top company official told reporters at Aero India 2017 air show here.
The Trump Administration is taking a "fresh look" at Lockheed Martin's proposal to have a F-16 manufacturing base in India if it agrees to buy the fighter jets, officials from the US defence giant said.
Eyeing a contract for IAF's single-engine fighter jets, Swedish defence giant Saab today said it will set up in India one of the most advanced aircraft production facilities globally if its Gripen E multi-role jet wins the deal.
The new legal entity, announced this week, is the fourth separate country-specific business Boeing has established after setting up similar structures in Britain, Australia and Saudi Arabia.
"We cut approximately USD 600 million off the F-35 fighter, and that only amounts to 90 planes out of close to 3,000 planes," Trump told reporters during a executive order signing ceremony at the White House.
The chief of US aerospace giant Lockheed Martin met today with Donald Trump, promising to create thousands of jobs and bring down costs of the stealth fighter the president-elect lambasted.
The global CEO of SAAB Hakan Buskhe who is in India currently said, we will be able to offer the best technology to India and are keen on supplying fighter jets to IAF.
The world's largest defence corporation US-based Lockheed Martin has become the first company to submit letter of interest for supplying F-16 fighter jets to the Indian Airforce, reports CNBC-TV18.
According to a statement from Tata Trusts, Union science and technology minister Harsh Vardhan made the announcement in the US.