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Benzinga
Benzinga
Business
Akanksha Bakshi

Lockheed Martin, Intel To Advance 5G-Ready Communications For US, Allied Defense Systems

Lockheed Martin LMT United States Department of Defense DoD Intel Corporation Lockheed Martin Corp Nasdaq
  • Lockheed Martin Corp (NYSE:LMT) and Intel Corp (NASDAQ:INTC) established a collaboration to advance 5G-ready communications for the U.S.
  • A memorandum of understanding was signed in late 2021 to expand the ongoing strategic relationship to align 5G-enabled hardware and software solutions for the Department of Defense (DOD).
  • Intel's 5G solutions are integrated into Lockheed Martin's 5G.MIL Hybrid Base Station, which acts as a multi-network gateway for ubiquitous communications between military personnel and current and emerging platforms such as satellites, aircraft, ships, and ground vehicles.
  • In addition, Lockheed Martin leverages Intel's advanced processor technologies and innovations on network and edge to bring cloud capabilities to the areas of tactical need.
  • Price Action: LMT shares are trading lower by 0.25% at $444.86, and INTC higher by 1.94% at $49.05 on Monday's last check.
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