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JNS.org – American defense giant Lockheed Martin is teaming up with the EMC Corporate to jointly invest in developing Israeli’s booming technology industry.

“Our goal is to foster applied research and continued growth in Israel’s technology sector,” said Lockheed Martin executive John Evans. “We recognize evolving global needs, as well as the wealth of innovation taking place within Israel and its universities.”

Last Fall, EMC Corp. signed a deal with the Israeli government to establish a technology center in the southern city of Beersheva.

Under their new deal, Lockheed Martin and EMC intend to work together to jointly develop partnerships with Israeli industry, government and academic institutions to focus on areas such as cloud computing, data analytics, and cyber technologies.