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Lockheed Martin Acquires Small Energy-Related Firm

Cal Biesecker By
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Lockheed Martin Acquires Small Energy-Related Firm
Lockheed Martin continues to expand its capabilities in Energy-related technology with the Sun Catalytix acquisition. For the technology in the above photo, Lockheed Martin is teamed with Atlantis Resources and Irving Shipbuilding to build, deploy and test tidal turbines in Canada's Bay of Fundy. Photo: Atlantis Resources

Lockheed Martin [LMT] on Monday said it has acquired the assets of Sun Catalytix, a small company developing energy-related technologies and applications, bolstering its capabilities in the area of energy management. Terms of the deal were not disclosed, although Lockheed Martin said it was immaterial. Sun Catalytix, which has 25 employees and is based in Massachusetts, is developing energy storage technology that it said is “affordable, safe and scalable.” It said its design principles enable “the design of energy storage…

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