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

Lockheed Martin Corp LMT and Intel Corp 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.