Lockheed Martin Corporation and Israel Aerospace Industries (IAI) have announced a new collaboration. A press release on Tuesday explained that the alliance will allow both companies to explore potential joint experiences in research and development, marketing, and for collaboration in Integrated Air and Missile Defense (IAMD) systems.
Lockheed Martin is a global security and aerospace company headquartered in Bethesda, Maryland, with close to 114,000 employees worldwide.
Senior vice president of Global Business Development expressed enthusiasm about teaming up with Israel.
“Our long-standing relationship with the State of Israel opens new opportunities for Lockheed Martin, aiming to expand our businesses around the world while delivering unmatched IAMD capabilities to our global customers," he said. "This new Memorandum of Understanding is yet another step in our strategy for cooperation with IAI, as a partner in some of our key programs.”
Boaz Levy, president and CEO of Israel's world-leading, innovative aerospace and defense company, echoed anticipation for the collaboration.
"Combining the development capabilities and the vast know-how of Lockheed Martin and IAI experience, accumulated over the years in IAMD systems, will create win-win opportunities for both sides," Levy said. "IAI looks forward to exploring this cooperation and optimizing the possibilities in it.”