Scientific and technological advances provide the basis of international competitiveness and account for the bulk of national growth and the improvement of the quality of life around the world. The ability to create, adapt, and adopt new technologies defines modern societies. In today's global environment, the need for innovation is essential for solving societal problems and staying ahead of competition. Developments in information technology, space exploration, genetic modification and advances in material science are governed and shaped by institutions that set science and technology policy.
Ray O. Johnson, Senior Vice President and Chief Technology Officer, Lockheed Martin Corporation, discusses the relationships between universities and industry and the importance of both for a secure future.