Second, there is a long tradition of federal funding for technology development in the defense industry. It is the one sector of the economy where the government is the sole customer, and for which it therefore is expected to have a genuine industrial policy. There seems to be a bipartisan consensus on that score that does not exist with regard to any other industry.and Raytheon, have extensive commercial businesses reflecting the fungibility of their skills across diverse markets.
What follows are several examples of how defense companies like Lockheed help to keep the U.S. on the leading edge of innovation, and how their roles in that regard might grow if the pace of commercial innovation slows. We may be entering a period similar to the “spinoff” era of the 1950s and 1960s, when advanced commercial products are derived from military breakthroughs rather than vice-versa.Technology breakthroughs typically begin as basic research at universities.
The company has established dedicated internal training programs in cybersecurity, artificial intelligence, and other technical areas. Taiclet notes that unlike some Silicon Valley companies, Lockheed recruits and employs much if its technical staff in locations not known as cradles of innovation. It thus plays a role in bringing technology skills to regions that have been, so to speak, under-served by the information revolution.
Technology Technology Latest News, Technology Technology Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: phxbizjournal - 🏆 254. / 63 Read more »