University of Maryland, Lockheed Martin launch strategic relationship

  • 11-Jun-2010 03:58 EDT

The University of Maryland and Lockheed Martin Corp. signed an agreement that provides a strategic framework for current and future cooperation. The agreement leverages the resources of both institutions to produce innovative solutions for global and national security challenges. It establishes "centers of collaboration" to support sustained cooperative work in mutually agreed-upon areas—initially logistics and sustainment, cyber-security, and climate change. The Lockheed Martin commitment is a minimum of $1 million per year for three years; however, officials from both organizations expect the relationship to grow in terms of both collaboration and investment. Also, the organizations plan to enhance and expand their existing R&D relationship and to explore an overarching agreement governing all research projects.

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