Lockheed Martin to invest USD 300,000 in IIT Delhi
New Delhi: Recognising the excellence of the Indian Institute of Technology, Delhi (IIT-D) combat aircraft manufacturing giant Lockheed Martin has chosen it for a $300,000 project of collaborative research in bio and nano-technology."We have already signed an agreement with the IIT Delhi. We are investing $300,000 for a collaborative project over a period of one year," Ray O. Johnson, senior vice president and chief technology officer of Lockheed Martin, said here on Wednesday."This is the first such collaboration with any institute beyond the US and Europe. The IIT is an institute of recognised excellence across the globe in this field of bio- and nano-technology and after the successful completion of the project, we may have some follow up projects," Johnson told sources.He said Lockheed had been engaged in discussions with the IIT Delhi for nearly a year to "identify mutual areas of interest in technology collaboration and research".With the broad spect...