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: -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-3: -Additionally, Lockheed Martin has worked with Ashok Leyland to develop the next generation military vehicle for India and the global market.

Detailed explanation-4: -The General Dynamics F-16 Fighting Falcon is an American single-engine multirole fighter aircraft originally developed by General Dynamics for the United States Air Force (USAF). Designed as an air superiority day fighter, it evolved into a successful all-weather multirole aircraft.

Detailed explanation-5: -HAL is currently involved in designing and manufacturing of fighter jets, helicopters, jet engine and marine gas turbine engine, avionics, software development, spares supply, overhauling and upgrading of Indian military aircraft.