9/103 sources · 3 publishersUpdated Oct 8, 14:53 UTC
Embraer and Lockheed Martin compete for India’s $10.5 billion transport aircraft contract
Brazilian Embraer and U.S. Lockheed Martin are bidding to supply the Indian Air Force with 60 medium‑transport aircraft worth about $10.5 billion. Embraer proposes its C‑390 Millennium with Mahindra Defence in Nagpur, while Lockheed offers the C‑130J Super Hercules with Tata Advanced Systems. India requires at least 40 % of the aircraft to be built locally and bids are due in early December.
Why it matters
The winner could secure a multi‑billion‑dollar revenue stream and expand its industrial footprint in India, while the domestic‑content rule will drive local aerospace supply chains.
Key facts
- 1The contract is valued at approximately $10.5 billion. defensenews.com
- 2The Indian Air Force seeks 60 medium transport aircraft. defensenews.com
- 3Bids must be submitted by early December. defensenews.com
- 4India mandates a minimum of 40 % domestic content. defensenews.com
- 5Embraer will partner with Mahindra Defence and has identified Nagpur as a potential production site. defensenews.com
- 6Lockheed Martin will partner with Tata Advanced Systems, building 12 aircraft in the United States and 48 in India. defensenews.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.