Lockheed Martin Optimistic on F-16 Order

Posted on: Nov. 15th, 2005 || Source: forbes.com | E-mail Article | Print Article

Lockheed Martin Corp. is optimistic it will win an order for F-16 jets from India's air force, which plans to buy more than 120 new combat aircraft, a senior company official said.

U.S.-based Lockheed also hopes to collaborate with India's state-owned Hindustan Aeronautics Ltd. on the development and co-production of fighter jets, Vice President Orville Prins said late Monday.

Prins said he is "cautiously optimistic" that India will order its F-16 jets. India's air force currently has no American-made aircraft and uses mostly Russian-made MiG fighters, along with British Jaguars and French Mirage aircraft.

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