Lockheed Martin Signs New Industrial Cooperation Agreement with Israel (excerpt)
(Source: The Jewish Press; published Aug. 16, 2020)
Lockheed Martin, maker of the F-35 Lightning II family of single-seat, single-engine, all-weather stealth multirole combat aircraft, together with Israel’s Foreign Investment and Industrial Cooperation Authority, signed a new Industrial Cooperation Agreement (ICA) in a ceremony that was held at Lockheed Martin Israel’s Demonstration Center in Tel-Aviv.

The ceremony was led by Israel’s Economy Minister Amir Peretz, Lockheed Martin Israel Chief Executive Joshua (Shiki) Shani, Director General of the Economy Ministry David Leffler and Head of Foreign Investment and Industrial Cooperation Authority (ICA) Ziva Eger.

Lockheed Martin has committed to invest back into Israeli-based companies at a rate of 35% of the contract value of any new contracts. This will further increase the corporation’s investment in current and future programs within Israeli industry, following the latest cooperation with the Israeli industry that included many contracts, including the F-16I, C-130J, CH-53D and Blackhawks. (end of excerpt)

Click here for the full story, on the Jewish Press website.


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