Home / M&A Activity / Haden Land: Lockheed’s Newly Formed Israeli Subsidiary to Focus on Security Tech Offerings

Haden Land: Lockheed’s Newly Formed Israeli Subsidiary to Focus on Security Tech Offerings

lockheed martinLockheed Martin (NYSE: LMT) has created an Israel-based business unit to offer cybersecurity tools and other enterprise information technology products to customers in that country, The Wall Street Journal reported Monday.

Amir Mizroch writes that Lockheed formed the Israeli subsidiary to also pursue defense contracts as well as technology partnership and investment deals.

“We’re going to methodically grow our footprint, ” Haden Land, Lockheed vice president for research and technology, told WSJ at a Tel Aviv University-hosted cyber forum.

“In April, we planted our flag by opening a tech center in Beersheba, and now we’re showing our commitment by incorporating Lockheed Martin Israel, ” Land added, according to the newspaper.

Land noted the business will focus on delivering cyber, mobile, analytics, cloud and data center offerings, according to Mizroch’s article.

Mizroch reports the Israeli military operates a fleet of Lockheed F-16 fighters and C-130J transport aircraft and intends to procure F-35s from the company.

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