LM Supports US Department of Commerce Cyber Security Trade Mission to Saudi Arabia and Kuwait
Lockheed Martin [NYSE: LMT] joined a cyber security and critical infrastructure protection trade mission to Saudi Arabia and Kuwait led by the Department of Commerce. Headed by Under Secretary of Commerce for International Trade Francisco Sánchez, the goal of this trade mission is to introduce U.S. firms to high-level government officials and potential partners in the Middle Eastern market.
“I’m proud to have Lockheed Martin join me for this important trade mission focused on cyber security and critical infrastructure protection,” said Under Secretary of Commerce for International Trade Francisco Sánchez. “Lockheed Martin offers the high-quality technology, products, and expertise that help public and private sector entities in these two critical trading partners achieve their specific cyber security and infrastructure protection goals.”
Global Cyber Security Market Forecast and Opportunities, 2020
This trade mission advances President Obama’s National Export Initiative (NEI), which aims to double U.S. exports by the end of 2014, supporting economic and job growth. Saudi Arabia has prioritized increasing cyber defense and infrastructure protection and continues to invest heavily in these sectors, spending more than $9 billion in 2012 to expand many of its airports. Kuwait has also proposed spending $28.2 billion on infrastructure advancements.
“At Lockheed Martin, everything we do, every program we manage, has a cyber-thread running through it,” said Cliff Spier, Vice President with Lockheed Martin Information Systems and Global Solutions. “Based on expertise we gleaned from defending our own networks, our cyber solutions maximize the ability for any sector – defense, energy, education, or healthcare - to detect and respond to evolving cyber threats.”
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Source : Lockheed Martin Corporation (NYSE: LMT)