Officials at Lockheed Martin and Boeing said that any partnership to manufacture jets in India would not result in a net loss of American jobs but would create Indian employment — about 1,000 positions in the case of Lockheed Martin.
About 300 mechanics on the Fort Worth assembly line would be moved to the F-35 assembly line at the same plant. Others would be given an opportunity to apply for other jobs on the newer F-35, Lockheed officials said.
“I see this as a great opportunity for all parties involved,” said Randy Howard, director of business development for Lockheed’s integrated fighter group. “It doesn’t take jobs away from the U.S., it extends existing jobs, and not just for Fort Worth but for many other companies around the U.S. that build parts for the F-16 and keeps prices stable.”
For Speculative Accounts Only: Unwind the Put and double down on Calls and longs on BA and LMT.