
Lockheed Martin [LMT] said Monday it has teamed with Rafael Advanced Defense Systems to work on “jointly developing, testing and manufacturing High Energy Laser Weapon Systems,” to include building on the Israeli firm’s new 100-kilowatt laser technology. The two companies noted the teaming agreement includes developing a variant of Rafael’s Iron Beam laser technology, which it developed with the Israeli Ministry of Defense's Directorate of Defense Research and Development (DDR&D), that is aimed at the U.S. defense market. "Lockheed Martin’s…