21 August 2016
Lockheed Martin, the largest defense equipment manufacturer in the US in partnership with the UK based company, Wem Technologies private limited are all set to start a Weapon integration facility to manufacture Light Combat Aircrafts (LCA) in West Godavari district of Andhra Pradesh. This plant will be first of its kind in the country itself where the private sector handles the manufacturing of Combat Aircrafts. The initial estimated cost to start the plant is 2,135 Crores. AP government has decided to allot a land of 350 acres nearby Vatluru and Bhogapuram villages near Eluru. After the first phase of the plant, there will be a 650 jobs created and once the facility is fully operational, it will be able to create around 2550 jobs. AP CM Chandrababu revealed the news during a press conference held in Vijayawada on Saturday night.