Tidal energy part of Lockheed Martin’s new business unit
Lockheed Martin has combined its energy products and technologies, including those for tidal energy, into a single business line to be known as Lockheed Martin Energy.
Frank Armijo, the newly appointed vice president of Lockheed Martin Energy, said: “With our broad energy capabilities now under a single organization, we’ll focus our business growth strategy, enhance collaboration, advance new technology – and ultimately build Lockheed Martin Energy into a true leader in the expanding energy market.”
Technologies and products previously aligned in separate business areas across the company are now consolidated into Lockheed Martin’s new energy unit. These include: Energy Management, Energy Storage, Nuclear Systems, Bioenergy, and Ocean Technologies.
Lockheed Martin Energy will also apply advanced cyber-security architectures throughout its energy offerings, the company said.
The integration of the energy business began in the summer of 2015, and over the last several months, all employees and programs were transitioned into the new line of business.
Lockheed Martin Energy, based in Grand Prairie, Texas, has nearly 1,000 employees worldwide and is aligned under Lockheed Martin’s Missiles and Fire Control business area.