Skip to main content
BBC NEWS / BUSINESS
Graphics VersionBBC Sport Home
News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

Monday, 18 February 2008, 11:50 GMT

Lockheed wins $1bn Indian order

An Indian Army soldier checks an assault rifle during the international defence exhibition Defexpo 08 in New Delhi The US defence firm Lockheed Martin has won an order worth about $1bn (£512m) from India for six Super Hercules C-130J military transport aircraft.

News of the deal, agreed in January, emerged during South Asia's biggest defence fair in New Delhi.

Hundreds of global weapons firms are displaying their wares at DefExpo2008 in an effort to grab a share of India's expanding defence budget.

India is keen to modernise its Soviet-era weaponry.

Cold War politics meant that India relied on Russian military hardware and it currently has no US-made combat aircraft.

India's air force flies Russian-made MiG and Sukhoi fighters, British Jaguars and French Mirages.

Lockheed, the world's biggest defence contractor, is bidding against US aerospace giant Boeing and Russian and European rivals for contracts, including a deal worth as much as $12bn to sell 126 multi-role fighters jets.

Over the weekend, the state-run Israel Aerospace Industries and business conglomerate Tata agreed a joint venture to produce drones, radar and electronic warfare systems.

Israel is India's second largest arms supplier after Russia, with France in third place.



E-mail this to a friend
Related to this story:
Lockheed loses US spyplane order (13 Jan 06 |  Business )
Defence firms lifted by US spend (24 Jul 07 |  Business )
Military ties of India and US (06 Sep 07 |  South Asia )
Japan seeks wider defence network (21 Aug 07 |  Asia-Pacific )
India's air force 'needs to grow' (18 Apr 06 |  South Asia )

RELATED INTERNET LINKS
Lockheed Martin
The BBC is not responsible for the content of external internet sites



SEARCH BBC NEWS: 

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East | South Asia | UK | Business | Health | Science & Environment | Technology | Entertainment | Also in the news | Have Your Say |
Business Contents:  Your Money | Economy Companies

NewsWatch | Notes | Contact us | About BBC News | Profiles | History

^ Back to top | BBC Sport Home | BBC Homepage | Contact us | Help | ©