Lockheed Martin and EMC Corp. announced on Sunday an agreement to invest in cyber security and other technology projects based in the new Advanced Technologies Park at Ben Gurion University .
The official launch ceremony for the agreement will take place tomorrow in Tel Aviv on Monday at the CyberTech 2014 International Exhibition and Conference.
Both companies said that the initial investment will establish a vehicle through which EMC and Lockheed Martin can engage local expertise to develop new solutions and offerings for the companies to bring to market.
Under the arrangement, Lockheed Martin and EMC will identify a series of development opportunities that can be contracted to Ben Gurion University, using local technology talent/
“Israel’s entrepreneurial and academic communities offer a unique combination of talent, innovation and pioneering spirit,” said Dr. Orna Berry, vice president and general manager of EMC’s Israel Center of Excellence.
EMC currently employs more than 1,000 people in Israel and has invested billions of dollars in the country through the acquisition of nine Israeli companies.
Lockheed Martin’s presence in Israel was primarily focused on aerospace and defense endeavors, but Dr. John D. Evans, vice president international engineering and technology, explained, “Our goal is to foster applied research and continued growth in Israel’s technology sector.”Jewish Press News Briefs