Having supported startups in India for more than a decade, many of which were led by women, Maryland-based Lockheed Martin plans to invest in technology startups, with a special focus on women-founded ones, says its deputy executive vice president Lorraine M. Martin. Martin recounted initiatives to encourage women to join...
U.S., India, China, Lead in Artificial Intelligence
Malcolm Frank, head of strategy at IT firm Cognizant, headquartered in Teaneck, New Jersey, told CNNMoney that the United States, India, and China are far ahead of anyone else in artificial intelligence. In America, Amazon, Facebook, Google, and Tesla are investing billions of dollars to substitute for people in sectors such...
Lockheed Martin Offers to Make F16 Fighters in India
Maryland-based Lockheed Martin announced that it can jointly manufacture its F-16 Block 70 fighter jets with Tata Advanced Systems Limited, India. The agreement was signed on the sidelines of the Paris Air Show 2017 and it will provide India the opportunity to produce, operate and export F-16 Block 70 aircraft,...
Lockheed Martin Launches Cyber Security Education in India
Lockheed Martin, in association with the Data Security Council of India, has launched CyberAware, an online portal with interactive content on cyber security. This initiative will increase cyber security awareness of those working in small and medium businesses, and students of vocational and technical training institutes, reports Defense World. Dr....
Lockheed Martin Hopes to Manufacture in India
Following an Indian suppliers’ meeting in Bangalore on November 8, executives of Lockheed Martin spoke to defenseworld.net and said that they would look at starting the ‘Make-in-India’ manufacturing project with 12 F-16 jets a year going up to 36 at peak. Randall L Howard, head of business development head for...
India's Defense Ministry Plans $223 Billion Spend
India is planning to spend $223 billion on weapons over the next eleven years. Defense Minister Manohar Parrikar has asked his ministry to project the expected cost of upgrading and modernizing India's armed forces. An annual hike of 8 percent in capital spending will be allocated in each year's budget....