- Lockheed Martin Corp (NYSE:LMT) and Microsoft Corp (NASDAQ: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.
Senator Calls For Ban On Chinese EVs: What’s Going On With XPeng Stock?
Senator Brown sent a letter on Thursday to President Biden, urging him to ban the sale of Chinese EVs in the U.S. and to " work with our allies to address these concerns in a wholistic manner that supports American jobs and innovation." "Chinese electric vehicles (EVs) threaten our economic and national security, and the entire American auto industry," Senator Brown stated in the letter.
