Lockheed Martin on March 15 said it has combined its energy products and technologies into a single commercial line of business to be known as Lockheed Martin Energy.
“For decades, we have been investing in smart, natural and safe energy technologies,” Frank Armijo, the newly appointed vice president of Lockheed Martin Energy, said in a statement. “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.”
With technologies and products previously aligned in separate business areas, Lockheed Martin said the new, integrated business now offers a line of energy solutions that will include energy management, energy storage, nuclear systems, ocean technologies and bioenergy.
According to Lockheed Martin, its energy storage system offerings will focus on commercial, industrial and utility applications. In addition, its bioenergy systems will focus on biomass- and waste-to-energy applications.
Armijo previously served in various Lockheed Martin leadership roles in energy, technology integration, strategy and business development.
Lead image: New business concept. Credit: Shutterstock.