Lockheed Martin signs MOUs with Indian startups

21 July 2019

Lockheed Martin has signed agreements with three Indian startups to support their access into the US corporation’s global supply chain.

The memoranda of understandings (MOUs) – announced by Lockheed Martin on 19 July – are with Terero Mobility, Sastra Robotics, and NoPo Nanotechnologies.

Lockheed Martin said the MOUs pave the way for the three companies to enter its supply networks and also to support its bid to expand manufacturing in India.

Vivek Lall, Lockheed Martin’s vice president for strategy and business development, said the agreements “attest to the commitment of Lockheed Martin to cultivate and integrate indigenous content into global systems and platforms”.

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