Lockheed Bags Deal With Microsoft For Efficient Information Sharing With Pentagon

Lockheed Bags Deal With Microsoft For Efficient Information Sharing With Pentagon
  • Lockheed Martin Corp LMT and Microsoft Corp MSFT reached a landmark expansion of their strategic relationship to help power the next generation of technology for the Department of Defense (DOD).
  • Microsoft will provide Lockheed Martin with its first classified cloud as part of a three-year deal, making it easier for the U.S.' largest weapons maker to share information with the Pentagon, its top customer, Reuters reported.
  • The secure cloud partnership will permit Lockheed to avoid some of the repetitive security compliance processes for each new government project.
  • Also Read: Microsoft Scores With US Army Googles Amid Odds: Bloomberg
  • Lockheed will use Microsoft's cloud-based gaming, exercising, modeling, and simulation tools to test military systems and technologies virtually, saving time and money versus more expensive testing of prototypes or in-person exercises.
  • The new cloud will also allow the company to identify cyber threats and potential hacks.
  • Yvonne Hodge, senior vice president, Enterprise Business and Digital Transformation, and chief information officer, Lockheed Martin: "Through this historic agreement, Lockheed Martin and Microsoft are blazing a new path in the classified cloud, artificial intelligence, and 5G MIL capabilities for the Department of Defense."
  • Price Action: LMT shares closed higher by 0.29% at $468.60 on the last check Wednesday.

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