
Lockheed Martin [LMT] and Tata Advanced Systems Limited (TASL) signed an agreement at the Paris Air Show June 19 formalizing their intent to build the F-16 Block 70 in India if they win that country’s future fighter-jet competition.The partnership between the U.S. and Indian companies is aimed at meeting India’s twin goals of buying about 150 new, single-engine fighters for its air force and boosting the capacity of its own aerospace/defense industry."Our partnership significantly strengthens the F-16 'Make in India'…