Aerospace major Lockheed Martin is exploring possibility of tie-ups with Indian companies and awaiting nod from the US and Indian government to move ahead, a top company official said on Friday.

"We have been interacting with local industry here, both in public and the private sector. We are looking forward to explore the possibilities of potential partnerships," Lockheed Martin India Private Ltd Senior Director Jagmohan Singh told reporters on the sidelines of a defence and aerospace exhibition that began in Hyderabad.

He said initially the company is looking for production of anti-tank guided missiles, and added, "we are hoping to move forward particularly in this (anti-tank guided missiles) area provided we get clearances from the US and the Indian government".

"We have sought the approval of the US government and hopeful of receiving it soon. After getting a go ahead from Indian government, we will start working with local companies to get the production facilities here," Singh said.

He said the company was already in talks with defence industries, including Bharat Dynamics Ltd, and other private companies.

"These talks are at initial stages. Our focus in Hyderabad has been on partnering for various kinds of missile production and we have been associating ourselves with local industry and Bharat Dynamics on setting up industrial processes."