Wednesday, February 07, 2007

BANGALORE: Leading US defence aircraft makers, Boeing Co and Lockheed Martin Corp, said on Tuesday they were aiming to get large contracts in India.
Boeing and Lockheed Martin are among a slew of companies seeking to step up sales of defence aircraft to India as New Delhi moves to upgrade its Air Force.
Boeing expects the Indian government to call for proposals for an order of 126 fighter jets by the middle of the year and said it was ready to compete strongly for the deal.
"We have formed a very competitive team to respond to the proposal and we are ready to compete when it does come out," Mark Kronenberg, vice president for business development in Boeing's arms business, told a news conference.
Boeing estimates the Indian defence market to be worth around USD 10 billion to USD 15 billion in the next decade.
Besides F-16, Lockheed Martin also expects India to finalise a deal by December to buy six C-130J Hercules transport aircraft, with an option to buy another six.

"I hope it will happen this year, but there isn't a defined schedule yet," Orville Prins, vice president of Lockheed Martin's India operations, said.
Lockheed, which expects international sales of USD 5-7 billion this year, has also offered to sell P-3C Orion naval spy planes and multi-mission MH60R helicopters to
07/02/07 FinacialExpress

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