Pawan Hans, a government company under the Ministry of Civil Aviation (MCA), intends to use these helicopters to support onshore and offshore operations by the Oil and Natural Gas Corporation (ONGC).
In January, the Southeast Asian country's air force set aside about $413 million for procuring four of the jets
Lockheed's Chief Executive said the acquisition would have improved efficiency, speed and cut costs for the US government, but that terminating the agreement was in its stakeholders' best interest
Aerojet shares were up more than 3% in after-market trading on Tuesday as investors viewed the delay as a positive sign that the deal would go through
The Biden administration hasn't yet determined if the helicopter can be put into operation because it's still assessing its safety, according to a U.S. official
The arrangement, announced on Tuesday, is called a "Follow On Support-II" (FOS-II) contract
Security and aerospace company Lockheed Martin Corp said on Tuesday it is searching for a new chief financial officer after Kenneth Possenriede resigned from the post due to personal reasons.
Lockheed Martin said future F-35A fighter jets could be more expensive as rising inflation and customer demands halt a 64% drop in price since the jet was first introduced in 2007
Shares of the company fell 1.2% in premarket trading, after the company said fourth-quarter deliveries of its F-35 jets fell 17.6% from 51 jets a year earlier
Lockheed Martin Corp said it has agreed to buy US rocket engine manufacturer Aerojet Rocketdyne Holdings Inc for $4.4 billion, including debt and net cash
Opportunities with the Indian industry are in areas like space, aeronautics, rotary and mission systems (RMS) and missiles and fire control (MFC), the company said
China firmly opposes US arms sales to Taiwan. We urge US to earnestly abide by the One-China principle, Chinese Foreign Ministry spokesman Zhao Lijian said
Tracking space debris is now an area of commercial interest as satellite launches go up
Pressure from global aerospace vendors for uninterrupted supply building up
Indian aerospace and defence firms believe that uninterrupted and timely supply remains critical for their credibility
India is also working on an ambitious $5 billion project to develop a fifth-generation medium weight deep penetration fighter jet to significantly bolster its air power capability.
Lockheed Martin has exclusively offered its F-21 military aircraft to India, with an eye to bag the Indian Air Force's $18 billion dollar deal to procure 114 jets.
In October, Lockheed said it expects $1 billion in sales from hypersonic weapons in 2020
Pact is crucial as Seahawks replace retiring Sea King helicopters
The American company is reported to be competing with Boeing, French company Dassault, and the Russian MiG 35