U.S. Navy Awards Lockheed Martin $8 Million Contract to Advance Ocean Thermal Energy Conversion Technology


MANASSAS, Va., Sept 30, 2009 /PRNewswire via COMTEX/ --
The U.S. Naval Facilities Engineering Command (NAVFAC)
recently awarded Lockheed Martin (NYSE: LMT) an $8.12
million contract to further develop Ocean Thermal Energy
Conversion (OTEC) technology, which leverages the
temperature difference between warmer water at the ocean's
surface and colder water below to produce renewable
and reliable power.



Leave a Reply