Turbines From Outer Space Lift Lockheed to New Energy
- Falling U.S. defense spending pushes Lockheed to diversify
- Company looking to commercialize its lithium-ion batteries
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Lockheed Martin Corp. says engineering tidal turbines to withstand the relentless pounding of the Earth’s oceans isn’t much different than the machines it makes to survive the extreme conditions of outer space.
The world’s largest defense contractor is trying to redirect more of its high-tech military knowledge to civilian markets. Lockheed Martin’s new mission: apply more than a century of know-how to renewable-energy technologies that may mitigate the international security challenges of climate change.