Mary-Louise Hoffman
Lockheed Martin and Israel-based Yissum Research Development have agreed to conduct joint research into materials engineering and quantum information systems.
The agreement gives Lockheed an option to exclusively license products resulting from their technology R&D collaboration, the companies said Monday in a joint statement.
Joshua Shani, CEO of Lockheed’s Israeli operations, said the business aims to expand outside the defense market by partnering with commercial and academic organizations.
Yissum is the Hebrew University of Jerusalem’s technology transfer arm and has licensed out 750 inventions to date, according to the release.
