In India, Lockheed Martin to Focus on Women-led Startups

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.

Planning in a startup
Martin recounted initiatives to encourage women to join the technology manufacturing workforce and toward inspiring them at early ages towards science, technology, engineering and math. She said, “We (at Lockheed Martin) would like to have half the workforce as women, which is what our population is. All the studies have shown that diverse workplaces are more productive. Studies show that companies with women in senior leadership perform better.”

 Lockheed Martin’s India Innovation Growth Program offers $2 million a year of resources and mentoring to startups through competition. The company has partnered with the Government of India, Department of Science and Technology, and with the Tata Trust, that has helped to double their resources, Martin told the Economic Times.

December 22, 2017   No Comments

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 as agriculture, medicine, and driverless cars.

In China, Tencent and Baidu are competing with Silicon Valley to develop new uses for AI. Tech billionaire Jack Ma of Alibaba, has even said CEOs may eventually be obsolete. Unlike in the U.S., most of the push for AI in China comes from the government which has invested $150 billion, with the aim of making China the world’s “innovation center for AI” by 2030.

CNN Tech says: In India firms such as Infosys, Tata Consultancy Services and Wipro, which provide technology services to big names including Deutsche Bank, Lockheed Martin, IBM, Microsoft and the U.S. Army, are increasingly relying on automation in their operations. In addition, India’s startup scene also makes him [Frank] “very optimistic” about the future of artificial intelligence there.

Artificial Intelligence

“In India, you look at this remarkable platform that is in place now… of incredibly sophisticated skills that are focused on the needs of [global] companies,” said Frank. “I think it’s three horses in the race, and that’s probably the wrong metaphor because they are all going to win,” he said. “They are just going to win differently.”

 

August 30, 2017   No Comments

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, the newest and most advanced version of the combat-proven multi-role fighter.

India proposes to acquire 150 new warplanes for $12 billion, and Lockheed and Tata confirmed to CNNMoney that F-16 production in India will move forward only if Lockheed wins the order.

Highlights of the Deal:

  • Lockheed says, “F-16 production in India supports thousands of Lockheed Martin and F-16 supplier jobs in the U.S.”
  • This partnership supports Prime Minister Narendra Modi’s ‘Make in India’ initiative
  • India stands to become the manufacturing and export base for all F-16s worldwide: 26 countries where 3,200 F-16s are currently flown

CNNMoney quotes a Tata spokesman who said that Lockheed and Tata are also in talks to make F-16 components in India if the air force deal doesn’t materialize.

fighter jets

June 20, 2017   No Comments

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.

Cyber Crime

Dr. Robie I. Samanta Roy, vice president of Technology Strategy and Innovation, Lockheed Martin said, “Online safety and security is vital to the growth of small and medium-sized businesses in India. CyberAware can help educate businesses on functioning in an ever-evolving digital landscape.”

 

December 31, 2016   No Comments

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 the F-16 platform and Abhay Paranjape, director, business development-India interacted with over 40 Indian entities who showed interest in being part of the F-16 manufacturing project.

F-16 Jet

The partnership with India is being discussed between the Indian the U.S. government and if the deal comes through as a foreign military sales agreement, then a certain number of aircraft would be sold to India under ‘flyaway condition’, and the rest would be manufactured in India. These jets would also be exported to markets in the Middle -East, Eastern Europe and Asia.

 

November 9, 2016   No Comments