CURRENT AFFAIRS

Detailed explanation-1: -Paris: Lockheed Martin (NYSE: LMT) and Tata Advanced Systems (TASL) signed a landmark agreement affirming the companies intent to join hands to produce the F-16 Block 70 in India. The agreement supports F-16 Block 70 ‘Make in India’ offer.

Detailed explanation-2: -India’s connection to the C-130J goes beyond its fleet of Super Hercules with the Tata Lockheed Martin Aerostructures Limited (TLMAL) joint venture, which is the single, global source of C-130J empennage assemblies included on all new Super Hercules aircraft.

Detailed explanation-3: -Sukaran Singh, chief executive officer and managing director, TASL, said, “We are delighted with the decision made by Lockheed Martin to select Tata Advanced Systems Limited for the production of F-16 wings in India. This positions TASL as a global provider of F-16 wings in future.

Detailed explanation-4: -The new indigenous jet will be a fifth generation, 25 tonne, multi-role and twin-engine stealth aircraft, which is being designed by the Aeronatautical Development Agency.

Detailed explanation-5: -Prime Minister Narendra Modi on Sunday laid the groundwork for the C-295 aircraft manufacturing plant in Vadodara, Gujarat. Airbus and Tata Advanced Systems Limited’s joint venture will manufacture 40 C-295 military transport planes at the facility as part of a Rs 22, 000 crore deal to supply 56 such planes.