BREAKING NEWS

Lockheed Martin to set up Israeli R&D center

By YUVAL AZULAI, SHMULIK SHELACH/GLOBES

JUNE 4, 2013 20:00

Sources inform ''Globes'' that Lockheed Martin Company , the world's biggest defense company, will establish a development center in Israel. It will collaborate with Bynet Data Communications Ltd. in building the IDF Intelligence Corp's technology campus in the Negev, known as the 5/9 project.

Lockheed Martin knows the Israeli market well - the Air Force is preparing to receive its F-35 stealth fighter - but the company is now changing its approach to the local market. Israel is not just a loyal and enthusiastic customer of its planes and defense systems, but an arena for development activity.

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