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May 9, 2014 7:09 pm

Intel and Lockheed Martin are Great Supporters of Israel

avatar by Ronn Torossian

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Lockheed Martin logo. Photo: Lockheed Martin.

Dollars matter more than talk. And both Intel and Lockheed Martin have made major statements of support for the Jewish State in recent weeks in terms of very real dollars.

Undoubtedly, the success of these two Fortune 500 companies is admired by many other businesses – and, when it comes to Israel, other companies should follow their example.

This week, Intel announced that they would invest $6 billion to further develop their Kiryat Gat facility. Prime Minister Netanyahu rightfully noted, “Israel is a focal point of global technology, and investing in it generates profits both to the investors and the citizens of Israel.”

For many years, Intel has been Israel’s largest high-tech employer, currently employing nearly 10,000 people. Since opening in Israel 40 years ago, Intel Israel has exported $35 billion of goods. Intel Israel created the Pentium M microprocessor, which was used for the first mass-popular notebook computer. They have also created many other processors and products.

Similarly, just last week, Lockheed Martin, one of the world’s largest companies, announced a new Israel office to “further demonstrate the Corporation’s commitment to supporting the Israeli Defense Force and their ‘Move to the South’ campaign.”

Marillyn A. Hewson, the company’s CEO said, “The consolidation of IDF Technical Units to new bases in the Negev Desert region is an important transformation of Israel’s information technology capability. We understand the challenges of this move, which is why we are investing in the facilities and people that will ensure we are prepared to support for these critical projects. By locating our new office in the capital of the Negev we are well positioned to work closely with our Israeli partners and stand ready to: accelerate project execution, reduce program risk and share our technical expertise by training and developing in-country talent.”

None other than Naftali Bennett, the Economy Minister of the State of Israel said it best, “This is the best gift we could ask for on Israel’s 66th Independence Day. This is important news for the periphery, for employment, education and Israel’s progress compared to [other countries] in the world.”

May Intel, Lockheed Martin, and the entire Israeli economy continue to boom.

Ronn Torossian is an entrepreneur and author – who loves Israel.

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  • shloime

    engineers are cheaper in israel than in the states, they are plentiful, and they are more in tune with american business than other places like eastern europe or south asia. r&d costs are lower, and projects are more likely to succeed, so it’s just as much a case of israel supporting intel or lockheed martin as vice versa.

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