Lockheed Martin

Joint venture is aimed at developing localisation capabilities, providing services to kingdom's armed forces

The total cost of the F-35 programme is estimated at $1.5 trillion

IAF issued an initial tender to acquire the 114 fighter jets for around $18 billion

Shares of Lockheed are up nearly 8 percent

India, the world's top defence importer, is conducting a US$100-billion upgrade of its Soviet-era military hardware

Saab and Lockheed Martin to supply around 250 single-engine combat planes to India's air force

Says Trump admin may want to take a fresh look at the proposal

Lockheed Martin is using its own funds to pay suppliers and stave off closure of its F-16 fighter jet production line

If US and India reach an agreement by 2017, Lockheed Martin could complete its first made in India jet by 2019-2020

People say annual revenues for government IT business are now between $4.5 billion and $5 billion

The value of the deal is the largest announced so far at the biennial Dubai Airshow, which runs until Thursday

Sikorsky manufactures a range of military helicopters including Black Hawk and Seahawk