Lockheed Martin Announces New Industrial Collaboration Project with SMU for Philippines' Multi Role Fighter Program
Rhea-AI Summary
Lockheed Martin (NYSE:LMT) has announced an expansion of its industrial collaboration package for the Philippines' Multi Role Fighter program, featuring a strategic partnership with Southern Methodist University (SMU). The initiative, tied to LMT's F-16 Block 70 fighter jet offering, focuses on digital innovation and workforce development.
The partnership will establish a world-class research lab and leverage SMU's Center for Digital and Human-Augmented Manufacturing and Deason Innovation Gym. Key focus areas include digital modeling, simulations, virtual/augmented reality, robotics, automation, and AI. The collaboration aims to enhance Philippines' research capabilities while supporting the country's Self-Reliant Defense Posture.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, LMT gained 2.55%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Lockheed Martin and Southern Methodist University to drive digital innovation, intellectual property creation, and workforce development in partnership with Philippine universities
The partnership will provide a comprehensive platform for technology and knowledge transfer, including funding for business incubation, government initiatives, and academic programs. A world-class research lab and training space will be established, enabling Filipino professionals to develop innovative solutions and prototypes that can be applied in various industries.
"We are committed to investing in the development of new capabilities and intellectual properties in close collaboration with leading universities and companies in
The partnership will leverage the expertise of SMU's Center for Digital and Human-Augmented Manufacturing (CDHAM) and Deason Innovation Gym (DIG) to significantly enhance
Key components of the partnership include:
- Access to state-of-the-art innovation tools and equipment located at SMU, enabling Filipino professionals to develop innovative solutions and prototypes
- Funding for business incubation, government initiatives, and academic programs
- Establishment of a world-class research lab and training space
- Collaboration with leading universities and companies in
the Philippines to develop new capabilities and intellectual properties
"This partnership is an investment in the strength of the Filipino workforce," said Dr. Ben Zoghi, Southern Methodist University Associate Dean for Advanced Studies and Industry Partnerships. "These projects will significantly boost the
The F-16 Block 70 is the most advanced version of the F-16 fighter jet, offering unparalleled capabilities and performance. Lockheed Martin's industrial collaboration package is designed to support
For additional information, visit our website: https://www.lockheedmartin.com/en-ph/index.html
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at lockheedmartin.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-announces-new-industrial-collaboration-project-with-smu-for-philippines-multi-role-fighter-program-302528291.html
SOURCE Lockheed Martin Aeronautics