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Publish Date : 05-Nov-2013

Lockheed-Martin, the Defense giant is projecting to open a major subsidiary in Israel, which would employ hundreds of people, while simultaneously looking to purchase Israeli companies and integrate itself into the Israeli economy, according to a Sunday report.

Earlier this year, Lockheed-Martin has intended to open a facility in Israel specializing in information technology.

But would be starting immediately on expanding that project into a full-fledged subsidiary of the tech defense giant.

Dewar stated that over the weekend that the company, in addition to constructing a branch for IT and cyber protection, will be looking to expand cooperation with Israeli defense companies and to work in the domestic security market.

The company already has deep ties with Israel’s defense industry and is a major supplier of planes and technology to the Israeli Air Force.

Lockheed-Martin has declared that, in conjunction with Israeli company Bynet Data Communications, it was contracted to build a new technology campus for the IDF Intelligence Corp. in the Negev, and in April, Israel Aerospace Industries, Israel’s major defense company, won a bid to build and supply the wings for Lockheed’s F-35 fighter series.

In October, the Pentagon announced it had selected a helmet for the F-35 manufactured by Israeli firm Elbit Systems together with Rockwell Collins.

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