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Lockheed Martin Announces Solar Technology Deal With Canadian Photonics Company

Matthew Beinart By
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Lockheed Martin [LMT] announced a $5.6 million deal to potentially utilize Canadian smart materials and photonics company Metamaterial Technologies Inc.’s (MTI) ultra-lightweight solar technology for its fleet of C-130J Super Hercules aircraft.The deal will give Lockheed access to MTI’s in-development patented metaSOLAR technology, which is designed to collect, trap and absorb solar light from all directions allowing for improved efficiency in harnessing energy. The metaSOLAR technology is particularly suitable for use on aircraft.Lockheed specified that the contract was signed as an Investment Framework…

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