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Lockheed Martin and Intel ink 5G communications contract for U.S., Allied Defense Systems

Lockheed Martin and Intel ink 5G communications contract for U.S., Allied Defense Systems
Jordan
Major
3 months ago
3 mins read

Lockheed Martin (NYSE: LMT) and Intel (NASDAQ: INTC) today announced that they are combining their respective skills in technology and communications to develop breakthrough 5G-capable solutions that will enable quicker and more effective security actions.

The two businesses inked a memorandum of understanding late last year to coordinate 5G-enabled hardware and software solutions for the Department of Defense (DOD), according to a news release by Lockheed Martin on April 4.

Technology experts from the defense and commercial sectors have begun a new collaborative effort to coordinate innovative technologies to meet complicated communications issues.

Vice president of 5G.MIL Programs at Lockheed Martin, Dan Rice stated: 

“This collaboration between Intel and Lockheed Martin will help accelerate delivery of secure 5G.MIL solutions to achieve network effects for our customers that will enable prompt, data-driven decisions by military commanders across all operational domains.” 

He added: 

“As security risks evolve and opportunities to leverage 5G emerge, staying ahead of the threat landscape is more critical than ever.”

What is the 5G being used for?

Intel an industry leader in creating world-changing technology-proven 5G technologies is being incorporated into Lockheed Martin’s 5G network architecture. 

The MIL Hybrid Base Station is a multi-network gateway providing ubiquitous communications between military people and existing and new platforms such as satellites, aircraft, ships, and ground vehicles.

Moreover, by using Intel’s powerful processing technology and advances on the network and edge, Lockheed Martin is able to deploy cloud capabilities to regions where they are required for tactical purposes.

This guarantees data-driven decision-making across all domains, including the air, sea, land, space, and cyberspace, in support of national security initiatives around the globe.

Lockheed Martin’s strategic relationships with industry-leading firms like Intel are aligned with the company’s aim to develop 5G networks. Commercial technology is being integrated into future Department of Defense capabilities via MIL defense and deterrence systems.

Defense stocks are seeing more action

Given the present geopolitical environment, with the ongoing conflict in Ukraine, greater attention has been focused on military and technology companies that are related to security, since they provide much more stability amid tumultuous market circumstances.

Finbold recently took an in-depth look at three defense stocks that delivered double-digit gains for investors already in 2022 that have promising prospects for the rest of this year that are certainly worth a look due to their solid business fundamentals amid global headwinds.

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Jordan Major
Author

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.

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