Lookheed Martin Manufacturing Cryo Tanks For LNG
Thursday, March 14, 2013
Lockheed Martin will make a US$3 million capital investment at NASA’s Michoud Assembly Facility to manufacture cryogenic tanks for liquefied natural gas.
The LNG tanks, which initially will be used for ship propulsion, are part of Lockheed Martin’s increased emphasis on converting defense technology to commercial applications.
Lockheed Martin will initially produce cryogenic tanks to fuel the propulsion systems for oceangoing vessels. Long-term plans call for the company to manufacture tanks to meet the needs of shipping by land, rail and sea, as well as for land-based storage of LNG.
At the Michoud facility in New Orleans, Lockheed Martin also will develop Ocean Thermal Energy Conversion heat exchangers – a maritime sustainable energy project – as part of a slate of new technologies planned at the NASA manufacturing site.
The first phase of the project will begin with the installation of equipment in December 2013. In the future, Lockheed Martin will pursue additional manufacturing projects at the Michoud facility.
For more information: www.lockheedmartin.com