Lockheed Martin launches business to focus on energy markets
April 4, 2016
Lockheed Martin has formed a new energy subsidiary that combines its energy products and technologies Known as Lockheed Martin Energy, it will be headed by vice president Frank Armijo.
“For decades, we have been investing in smart, natural and safe energy technologies,” said Armijo. “With our broad energy capabilities now under a single organisation, 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.”
Armijo previously served in various Lockheed Martin leadership roles in energy, technology integration, strategy and business development.
With technologies and products previously aligned in separate business areas across the company, the integrated business now offers a line of energy products, including:
- Energy management: Systems to improve the transmission, distribution and usage of power for utilities, commercial enterprises and government agencies;
- Energy storage: Turn-key energy storage systems for commercial, industrial and utility applications;
- Nuclear: Instrumentation and control systems to ensure safety of commercial and government nuclear power programmes;
- Ocean technologies: Renewable energy generation by harnessing the tides and temperature gradients; and
- Bioenergy: Systems to convert biomass and waste into energy.
The integration of the energy business began in the summer of 2015 and, over the past several months, all employees and programmes were successfully transitioned into the new line of business. Lockheed Martin Energy, based in Grand Prairie, Texas, has nearly 1000 employees worldwide and is aligned under Lockheed Martin’s missiles and fire control business area.
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that – with the addition of Sikorsky – employs approximately 126,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of technology systems, products and services.