General Electric, Lockheed Martin Open International Technical Center in Chile
May 21, 2003
(PRNewswire) General Electric and Lockheed Martin officially opened GE's new International Technical Center of Excellence (GE ITCEC), marking a milestone in the offset fulfillment program with Chile for the acquisition of 10 new Lockheed Martin F-16 Block 50 aircraft. The center, operated by Adexus, an information and communications technologies integrator, will be GE's hub for the development of highly specialized, world-class technical publications for the international aerospace industry. This center is the first outcome of the offset program initiated by the Chilean government in 2000. The objective of this offset program, led by CORFO (Chilean Development Agency) is to re-enforce industrial and technology development policies by attracting foreign investment and the creation of export-oriented economic activities that compensate defense sector acquisitions.