Lockheed Martin Plans to Set Up MRO Facility.

Terming the Indian aviation industry as one of the fastest growing markets, aerospace major Lockheed Martin, said it was considering setting an its first engine Maintenance, Repair and Overhaul (MRO) facility in India and South Asia.

Currently, it operates two engine MRO units one each in the US and Canada.

The Bethesda-headquartered aviation services firm is in the process of conducting a feasibility study involving several aspects such as the market requirement and location for the proposed facility.

'We are currently investigating the market to try and establish a business case. We are talking to several of our partners to determine their requirements and how we could offer assistance if we were to set up an MRO,' Phil Shaw, Chief Executive, Lockheed Martin India told Express on the sidelines of the India Aviation 2014.

THE NEW INDIAN EXPRESS