Lockheed Martin was planning to open a technology center in Israel to help build a new center for Israeli military intelligence in the Negev.
The US aerospace defense giant established a joint venture with Israel’s Bynet Data Communications to build the Israeli Defense Forces’ center, known as Project 5/9. The contract is worth about $210 million, according to Israel’s Globes.
Lockheed’s job is to help with “migration,” adapting lines of code written decades ago to advanced computer systems. Its new Israeli center will provide support and maintenance, Globes reported.