Global security company and defense contractor Lockheed Martin Corp and data storage equipment maker EMC Corp, RSA’s parent company, have announced that they will jointly invest in technology projects including cloud computing, data analytics and cyber technology.
Under the arrangement, Lockheed Martin and EMC will identify a series of development opportunities that can be contracted to Ben-Gurion University in Southern Israel and other technology experts.
“We expect this collaboration with Lockheed Martin will help EMC continue to rapidly accelerate our important research and development and contribution to the success of Israel’s mission to be a leader in innovation on the global stage,” said Orna Berry, general manager of EMC’s Israel center said in a press release.
EMC employs more than 1,000 people in Israel and has invested billions of dollars through the acquisition of nine Israeli companies, various investments in Israeli technologies, and the establishment of sales and R&D centers in seven locations.
Lockheed Martin, which recently launched a Lockheed Martin Israel business unit, was primarily focused on aerospace and deference endeavors.
“Our goal is to foster applied research and continued growth in Israel’s technology sector,” said John Evans, Lockheed Martin’s vice president of international engineering and technology.