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Lockheed Martin Developing Three High Speed Amphibian Vehicles For Military Use

DDN

Friday, October 12th, 2007

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By Geoff FeinMOORESTOWN, N.J.--Lockheed Martin [LMT] is teaming with United Kingdom-based Gibbs Technologies to develop militarized versions of the British company's high-speed amphibian (HSA) technology. Lockheed Martin Wednesday demonstrated two of Gibbs' three-seater Aquada vehicles that look more like a sports car than anything that would maneuver across the water. The Aquada can reach speeds of 80 mph on land and 40 knots on the water, Scott Rudder, manager business development for Lockheed Martin, told Defense Daily during a demonstration…

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