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Home Investment

Lockheed Martin to make components in Hyderabad

Fiinews by Fiinews
November 29, 2017
in Investment, Manufacturing, Technology
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Engineering drawing being verified

The Prime Minister, Narendra Modi, with the Advisor to the President of United States, Ivanka Trump and leader of the US delegation, at the Global Entrepreneurship Summit-2017, in Hyderabad on 28 November 2017.
Lockheed Martin will be manufacturing components of its C-130 military transport aircraft Hyderabad, with the prototypes to be ready by next year, it was announced at the opening of the Global Entrepreneur Summit 2017 on 28 Nov 2017.

“The engineering drawings are ready and will be sent to the USA for verification so that we can start production in Hyderabad,” said Lorraine M Martin, Deputy Executive Vice President of Lockheed Martin’s Rotary and Mission Systems (RMS) business.

India and the United States are jointly hosting the GES, which is being held in South Asia for the first time. It brings together leading investors, entrepreneurs, academicians, think-tanks and other stakeholders to propel the global entrepreneurship ecosystem. fii-news.com

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