Lockheed Martin and Tata Advanced Systems Announce Agreement to Expand C-130J Super Hercules Opportunities in India
Rhea-AI Summary
Lockheed Martin (NYSE: LMT) and Tata Advanced Systems have announced a teaming agreement to expand their collaboration on the C-130J Super Hercules tactical airlifter. The agreement aims to enhance India's defense capabilities and strengthen India-U.S. strategic ties. Key aspects include:
1. Establishing an MRO facility in India to support the Indian Air Force's C-130J fleet and other global Super Hercules fleets.
2. Expanding C-130J manufacturing and assembly in India for the IAF's Medium Transport Aircraft (MTA) program, subject to government approvals.
3. Potential production of up to 80 medium transport aircraft for the IAF, with Lockheed Martin proposing the C-130J-30 Super Hercules to meet requirements.
This agreement builds on the existing partnership between Lockheed Martin and Tata through their joint venture, Tata Lockheed Martin Aerostructures (TLMAL), which has produced over 220 C-130J empennages since 2010.
Positive
- Potential expansion of C-130J manufacturing and assembly in India for the IAF's Medium Transport Aircraft program
- Establishment of a Maintenance, Repair and Overhaul (MRO) facility in India for C-130J fleets
- Opportunity to produce up to 80 medium transport aircraft for the Indian Air Force
- Strengthening of existing partnership with Tata Advanced Systems
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, LMT declined 0.76%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Agreement Supports India's Medium Transport Aircraft Program and New Maintenance Facility
This agreement provides a framework for collaboration on future potential business opportunities to include:
- Establishing a Maintenance, Repair and Overhaul (MRO) facility in
India to support the Indian Air Force's (IAF) existing fleet of 12 C-130Js as well as other global Super Hercules fleets; - Expanding C-130J manufacturing and assembly in
India to produce aircraft for the IAF's Medium Transport Aircraft (MTA) program, subject toU.S. and Indian government approvals.
Lockheed Martin will continue to build C-130Js for the
"Collaborating with Lockheed Martin on the C-130J platform proposition for IAF's MTA project is a milestone for Tata Advanced Systems," said Sukaran Singh, chief executive officer and managing director of Tata Advanced Systems. "The current announcement is also significant as it marks the entry of Tata Advanced Systems into the defence MRO space in
"The C-130J is known as the world's workhorse, not just for its large global presence, but also for its international supply chain partners including the single source provider of empennages — Tata Lockheed Martin Aerostructures Limited in
The IAF is actively seeking to acquire up to 80 medium transport aircraft and issued a request for information (RFI) last year. Lockheed Martin responded to the RFI as the C-130J-30 Super Hercules is ideally suited to meet the requirements.
Lockheed Martin and Tata Advanced Systems Limited have a long-standing partnership through the Tata Lockheed Martin Aerostructures Ltd., (TLMAL) joint venture. Established in 2010, TLMAL exemplifies the government of
About the C-130J-30
The C-130J-30 delivers unmatched interoperability with global air forces, robust industrial partnerships, and verified low lifecycle costs with significant fuel savings resulting in a reduced carbon footprint compared to other medium-sized jet airlifters. Since the arrival of
Always evolving, continually innovating and ready for what's next, the Super Hercules leads the charge by setting standards and shaping the future of tactical airlift missions. The global C-130J fleet spans 27 operators in 23 nations with 20+ air worthiness certifications. More than 3 million flight hours have been logged by 545+ C-130Js in support of 19 different mission requirements, including critical worldwide search and rescue, peacekeeping, combat delivery, maritime patrol, special operations, aerial refueling, commercial cargo transport, medevac and humanitarian response missions. Invaluable insights gained from missions in every scenario equip the C-130J for any challenge.
For additional information, visit our websites: www.lockheedmartin.com/c130 or www.lockheedmartin.com/india.
About Lockheed Martin
Lockheed Martin is a global defence technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready.
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About Tata Advanced Systems Limited
Tata Advanced Systems Limited, a wholly owned subsidiary of Tata Sons, is a significant player for aerospace and defence solutions in
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SOURCE Lockheed Martin Aeronautics