US aerospace company Lockheed Martin has formed a technology-focused Israeli subsidiary, Lockheed Martin Israel, that will focus on cybersecurity, enterprise information technology, data centers, mobile, analytics and cloud, according to a report in The Wall Street Journal.
Earlier this year, Lockheed Martin signed an agreement with EMC Corporation to jointly invest in advanced technology projects in cloud computing, data analytics and cyber technology.
“Lockheed Martin has been operating in Israel for the past 20 years,” Haden Land, vice president of research and technology for Lockheed Martin, told the WSJ. “In April, we planted our flag by opening a tech center in Beersheba, and now we’re showing our commitment by incorporating Lockheed Martin Israel.”
According to the report, the defense contractor hopes to win deals with the IDF.
“We’re going to methodically grow our footprint,” Land, who is taking part in a a cybersecurity conference at Tel Aviv University, told The Wall Street Journal.