Lockheed Martin (NYSE: LMT) will expand its reach in the Internet of Things (IoT) through a memorandum of understanding with ORBCOMM (Nasdaq: ORBC), the company said.
As the world becomes increasingly connected and automated, Lockheed Martin plans to leverage ORBCOMM´s Machine-to-Machine (M2M) portfolio and expertise to explore opportunities for customers and across the corporation. Space-enabled solutions in particular provide satellite connectivity and services for IoT applications that require wide-area coverage and integration with multiple tiers of information technology.
The two companies will jointly explore future satellite and hybrid satellite/cellular M2M opportunities primarily in the government sector, in the United States as well as select international markets. Collaboration may span a range of activities, including joint business development, portfolio evolution and allied partnerships.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that–with the addition of Sikorsky–employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.
ORBCOMM Inc. is a leading global provider of M2M communication solutions and the only commercial satellite network dedicated to M2M. ORBCOMM´s unique combination of global satellite, cellular and dual-mode network connectivity, hardware, web-reporting applications and software is the M2M industry´s most complete service offering.