Lockheed Martin (LMT) and Microsoft (MSFT) Announce Simulator Licensing Agreement
Lockheed Martin (NYSE: LMT) and Microsoft Corp. (Nasdaq: MSFT) entered into an intellectual property licensing agreement that allows Lockheed Martin to further develop the Microsoft® ESP(TM) PC-based visual simulation software platform to better train warfighters for battle.
The agreement provides Lockheed Martin with access to the ESP technology portfolio, enabling the company to build cost-effective simulation solutions for customized training for its worldwide customers. Lockheed Martin's software development teams will extend the current capabilities of ESP to enable a whole new suite of innovative ESP-based solutions that will evolve beyond flight training to include ground and civil agency applications.
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