Defense contractor Lockheed Martin Corp and data storage equipment maker EMC Corp said on Sunday they plan to jointly invest in advanced technology projects at a tech park in southern Israel.

The companies intend to jointly develop partnerships with Israeli industry, government and academic institutions in the city of Be’er Sheva to explore research and development projects in cloud computing, data analytics and cyber technologies.

Their combined initial investment of $1 million will establish a vehicle through which EMC and Lockheed Martin can develop new offerings for the companies to bring to market.