LM and BEL to Explore Opportunities in F-21 Fighter Programme

Lockheed Martin strengthens commitment to India

Lockheed Martin (NYSE: LMT) signed a memorandum of understanding (MoU) with Navratna Defence PSU Bharat Electronics Limited (BEL) to explore industrial opportunities in the F-21 programme today at DefExpo 2020. Lockheed Martin is strengthening and growing its partnerships with the Indian industry to support the company's F-21 proposal for the Indian Air Force. Lockheed Martin and Bharat Electronics Limited signed a memorandum of understanding on February 7 to explore opportunities on the F-21 programme.

"We are excited to begin exploring F-21 opportunities with BEL, one of India's leading aerospace and defence companies," said Dr Vivek Lall, Vice President of Stragety and Business Development, Lockheed Martin Aeronautics. "An F-21 partnership with India integrates Indian industry, including BEL, into the world's largest and most successful fighter aircraft ecosystem and demonstrates Lockheed Martin's commitment to India."

Mrs Anandi Ramalingam, Director (Marketing), BEL, said: "We are happy to collaborate with Lockheed Martin which is a global major in the aerospace sector. We are eagerly looking forward to cash in on this co-operation to address domestic and international market needs in this sector."

About the F-21
The advanced, single-engine F-21 is the ideal solution to meet the Indian Air Force's capability needs and deliver unparalleled industrial opportunities. The F-21 delivers an advanced, single-engine multi-role fighter at the most optimal Life Cycle Cost for the Indian Air Force, with the longest service life of any competitor – 12,000 flight hours. In concert with India's Rafale and Tejas, the F-21 will fill a critical operational role for the Indian Air Force.

The F-21 also provides unmatched opportunities for Indian companies of all sizes, including Micro, Small & Medium Enterprises (MSMEs) and suppliers throughout India, to establish new business relationships with Lockheed Martin and other industry leaders in the US and around the globe.

Source: Lockheed Martin Corporation (NYSE: LMT)
Date: Feb 7, 2020