Mary-Louise Hoffman
Lockheed Martin will establish an investment fund in Korea to help local universities research and develop aviation and spaceflight technologies, Korea Times reported Thursday.
Park Ji-won writes that Lockheed has launched an open science and technology competition and is accepting R&D proposals in nanotechnology and renewable energy generation for aerospace applications.
“Through direct investment and hands-on mentoring, we want to inspire students and nurture university projects that could become the next generation of technological advancement and innovation,” said Ray O. Johnson, Lockheed senior vice president and chief technology officer, according to the report.
Korea Times reports that Lockheed engineers will mentor university researchers throughout the program.
Lockheed has worked in South Korea for more than 20 years to defense, space, air traffic control and telecommunication systems.
