Lockheed Martin, Israel sign industrial cooperation agreement

Jewish Press has reported Lockheed Martin and Israel´s Foreign Investment and Industrial Cooperation Authority have signed a new Industrial Cooperation Agreement (ICA), the news source said.

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)

Lockheed Martin is the manufacturer of the F-35 Lightning II family of single-seat, single-engine, all-weather stealth multirole combat aircraft.