SINGAPORE, Feb 19 (Reuters) - Lockheed Martin LMT.M believes that India could be the largest defense market in Asia with $20 billion in possible air force, navy and communications contracts over the next decade, an executive said on Tuesday.
“For Lockheed Martin, the potential market in India is probably the largest in Asia Pacific,” Richard Kirkland, Lockheed Martin’s President South Asia, told Reuters on the sidelines of the Singapore Airshow.
Lockheed Martin, the Pentagon’s No.1 supplier by sales, announced earlier this month that it would sell six C-130J military transport planes worth about $1 billion to India.
Kirkland said that India had taken an option to buy a further six of those aircraft. (Reporting by Ovais Subhani)