Lockheed to Use Soviet Submarine Hunt Data in Sea Mine Plan
This article is for subscribers only.
Lockheed Martin Corp., the world’s biggest defense contractor, is preparing to scour the Pacific Ocean seabed in a search for metals using data obtained in a cold-war hunt for a sunken Soviet submarine.
Lockheed has set up a unit, U.K. Seabed Resources, to explore for so-called polymetallic nodules that can contain copper, nickel, cobalt, manganese and rare earths, it said in London today. The company, supported by the U.K. government, has been granted the first commercial exploration rights for a 58,000 square-kilometer (22,000 square mile) area of the Pacific between Hawaii and Mexico.