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 Corporate - Announcements
Lockheed Martin opens subsidiary

Bangalore, Jan. 9

US defence aerospace major Lockheed Martin has announced the launch of its India subsidiary. It has named Mr Douglas A. Hartwick as the CEO of Lockheed Martin India Pvt Ltd, the fully-owned subsidiary of Lockheed Martin Global Inc, a release said. The US major with 2006 sales of $39.6 billion is in the race to sell its F-16 fighters to the IAF.

Lockheed Martin, which has been building up its presence in the country over the past couple of years, said it also wants to establish its presence in the information technology, aerospace security, RFID technology areas. It is also looking at long-term industrial collaboration with domestic companies. - Our Bureau

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