This research shows that the expansion of cooperative education programs and university-industry partnerships can help to address some of the problems that engineering education in Armenia is facing today. These problems include lack of connections between universities and industry, outdated curricula, shortages of funding for university staff and facilities, and limited success in helping students qualify for job-related demands of the global economy. In order to identify requirements for developing effective cooperative education programs in Armenia, this study analyzes the characteristics and features of highly successful cooperative education programs in the United States that might be applicable to the requirements of Armenian engineering education programs. The lessons learned from international best practices of cooperative education in this research, provide guidelines that can be used to expand cooperative education programs in Armenian engineering education.