"We are offering a deal that is completely compatible with 'Make in India' -- offering a stand-up production line in India," said Randall L Howard, who heads International Business Development for aircraft at Lockheed-Martin Aeronautics.
He said more than 4,000 F-16s have been sold to countries across the world. "We are offering to shift the manufacturing base and produce all of our F-16s in India; not just for India, but for the whole world -- across South East Asia, across South America, across Middle East."
Asked if the Trump administration would allow it to do so, Howard said the company had "full support of the US government".
He said the single-engine supersonic multi-role fighter aircraft that has seen action in the Afghanistan and Iraq wars was currently being built around the world, and setting up facilities in India would not impact jobs in the US.
"So whenever we have a situation, we will be able to build the entire aircraft in India. But we will continue to have parts that come from the US. That will continue to create jobs in the US. This absolutely supports American jobs," he said, adding Lockheed was also looking at the possibility of setting up the entire ecosystem, including one with a runway, to produce the fighters in flyaway condition.
Another Lockheed-Martin official, Haley Donoho, who is business development head of the shoulder-fired anti-armour Javelin missile, said a possible joint venture for the system "is in good standing with the Indian government".
"Should the Indian government be interested in the third generation missile system, we are ready to sell Javelin under a foreign military sale contract which is the most transparent acquisition contract you can find. You can trace at every step where the money is going."
He said Lockheed-Martin has got the US government's nod to transfer its "high-degree" technology to its partners in India for the development of the 22 kg portable missile system that comes with a combination of "fire and forget" and "man in the loop" capability, with a range of up to 4 km.
The missile, which automatically guides itself to the target after launch, has been used by US forces in the cold mountains of Afghanistan and in the hot deserts of Iraq. With its arched top-attack profile, Javelin climbs above its target for improved visibility and then strikes where the armour is weakest, he said.
"The US government was ready to transfer high-degree technology under US-India Defence Technology and Trade Initiative (DTTI) when the previous deal was done. The US government has indicated to us, and to the Indian Defence Ministry, that we will continue on the discussion with similar levels of transfer of technology.
"I can't speak for the US government, but they are interested in the same type of deal for transfer of high-degree technology, specifically for India. We have done this for no other country."
Asked about the future of India's fledgling indigenous defence-building capabilities, the two officials said it was only a matter of time before the country emerges as one of the major military manufacturers in the world.
"I think it is coming. We will see whether it will take off quickly or slowly. But I think it is coming. This is India. Lots of engineers, lots of researchers, people with lots of capabilities. It is only a matter of time. We see it is coming," Donoho said.