Egypt and American Defense company, Lockheed Martin, have discussed ways to enhance cooperation.
Mohamed Ahmed Morsi, Egypt’s minister of state for military production, held talks with Raymond Piselli, vice president of Lockheed Martin.
Joseph Rank, CEO of the American defense company in Egypt, Saudi Arabia and Africa was also present during the meeting.
Morsi reviewed the manufacturing, technological and human capabilities of the military production companies and units that can be a point of cooperation with the company.
Morsi noted his country’s interest in benefiting from the expertise of Lockheed Martin, stressing the eagerness to localize the latest global technologies in military industries.
This includes a strategic partnership in advance defense systems that would benefit both sides.
He noted that Egypt’s growing presence in the field of security and defense is the result of economic reforms undertaken by Egypt, evident in the organization of Egypt’s Defense Exhibition at last year’s end.
Piselli affirmed the company’s interest in cooperating with Egypt in military manufacturing due to the country’s significant capabilities in this field.
This prompted Lockheed Martin to participate as a golden sponsor for the second edition of EDEX, he said.
Rank stressed that military cooperation between the US and Egypt has been an essential component of their strategic partnership for nearly 40 years.
He added that Lockheed Martin adopts a three-pillar approach in its cooperation with partners, which includes knowledge transfer, localization of industries and human capital development.
He said that the company is keen to contribute to the development of the defense industries sector in partner countries.
Rank expressed his hope that this meeting would play an important role in opening new doors for investment and cooperation.
Lockheed Martin is currently considered one of the largest military industry companies in the world.
It manufactures radars, battle tanks, missiles, aircraft, train operating systems, flight training systems and technology laboratories.