ISA "represents a historic progression" between India and the US, he told PTI in an interview on Wednesday. "This agreement will facilitate close technology transfer with private industry in India and ease the process of doing business including applying for licenses to support mutual interests, Make in India, increased industrial and defense cooperation, and regional stability," Lall said.
"To further our relationships, the ISA will enable high-end technologies and defence collaboration to be shared amongst the industry to further leverage Indian industry capabilities and indigenise future R&D and production activities to support mutual US-India interests, he said.
The signing of ISA will provide additional benefits for securing data in the manufacture of defence platforms, Lall said.
He said the US defence industry is very encouraged by the positive trend being seen in relations between the two countries, including on the defense-industrial partnership front.
The Communications Compatibility and Security Agreement (COMCASA), the Defense Technology and Trade Initiative and India's designation as a major defence partner of the US are two historic milestones that signal how important both countries are to one another, he said.
The Logistics Exchange Memorandum of Agreement (LEMOA), INDOPACOM and Major Defense Partner status, End-Use Monitoring Agreement, Industrial Security Agreement (ISA), and Tiger Triumph, a major joint military exercise, elevates India's emergence as a stronger strategic partner and represent foundational agreements and exercises that will further future US-India bilateral, industrial and military cooperation, Lall said.
Noting that the Indo-Pacific region is indeed a top priority of the current US administration, and New Delhi is a central player in its strategy, he said India, the world's largest democracy, shares common values with the US.
Numerous countries in the Indo-Pacific region are recapitalizing their fighter aircraft fleets, including Taiwan. The recent signing of the LoA for 66 F-16 Block 70 F-16 aircraft will further increase US-Taiwan cooperation and stability within the region, the Lokheed Martibn official said.
Regarding Japan, "we look forward to constructive dialogue between the US Government and the government of Japan as they approach a decision on the path ahead for their Future Fighter", he said adding that Lockheed Martin continues to leverage technologies across its portfolio and the F-21 is no different.
"We believe, the F-21 is the best solution to meet the Indian Air Force's capability needs, provide Make in India industrial opportunities, and accelerate India-US cooperation on advanced technologies," said the Lockheed official.
"No other company has the experience in next-generation technologies, including but not limited to fighter aircraft, Lockheed Martin can offer to India. We designed, developed and produced the world's first operational stealth aircraft, the F-117, and the world's only two current operational 5th Generation fighters: the F-22 and F-35," he asserted.
Lall said the F-21 delivers an advanced single-engine, multi-role fighter at the most optimal Life Cycle Cost for the Indian Air Force, with the longest service life of any competitor till 12,000 flight hours.
The F-21 goes further, faster, and stays longer than the competition, he said asserting that the F-21 will meet all of India's performance, capability and advanced technology requirements, and provide unmatched opportunities for Indian companies of all sizes and suppliers throughout India.
"The F-21, in concert with the Rafale and Tejas, will provide an operational gap filler and will be a game-changer for the Indian Air Force, Indian industry, and India-US strategic ties",Lall said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.