Lockheed Martin to set up subsidiary in India

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Bangalore, Jan 9 (UNI) US fighter plane major Lockheed Martin will set up a subsidiary in India to take care of its marketing operations in the country.

Former US Diplomat Douglas A Hartwick, who had served as Assistant US Trade Representative for South Asia, would head the Indian operations, a company release said today.

Projecting the company's growth plans in India, Mr Hartwick, in the release, said ''the Lockheed Martin wanted to become a reliable supplier to India's defence needs.'' Lockheed, eyeing the lucrative order of 126 multi-role fighter jets from Indian Air Force (IAF), is likely to place its F-16 before the IAF this year.

Russia's MIG, EADS of France, Boeing of US and Grippen of Sweden are also vying for the much awaited IAF order.

UNI RS AJ PK AS2054

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