Lockheed Martin announced on Sunday that it and EMC will be investing in Be’er Sheva’s recently inaugurated technology park.
Investments will be in “advanced technology projects” in the fields of cloud computing, data analytics and related cyber technologies, the company said.
Although financial details were not disclosed, nor the scale of the activity, they will reportedly invest $1 million in the project, according to Globes.
“Our goal is to foster applied research and continued growth in Israel’s technology sector,” said Lockheed Martin vice president of international engineering and technology John D. Evans. “We recognize evolving global needs, as well as the wealth of innovation taking place within Israel and its universities.”
The announcement comes ahead of Israel’s first cyber-security conference, meant to promote the country as a hub of digital security.
Prime Minister Binyamin Netanyahu, who has been pushing cyber-security as an economic driver, attended a conference on the issue at the World Economic Forum in Davos on Friday.
In November, the Prime Minister’s Office joined with EMC to establish the tech park in Be’er Sheva.