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Business/Financial

Lockheed Martin Investing In Ocean Aero, Developer Of Unmanned Sea Vessel

Friday, September 15th, 2017

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Lockheed Martin Investing In Ocean Aero, Developer Of Unmanned Sea Vessel

Diagram of Ocean Aero's Submaran unmanned underwater and surface vessel . (Diagram: Ocean Aero.)

Lockheed Martin [LMT] said Friday its venture unit is making a “strategic investment” in unmanned maritime vehicle developer Ocean Aero as its second significant investor.Terms of the investment were not disclosed.San Diego-based Ocean Aero develops autonomous, persistent, energy scavenging, solar/wind-powered vessels. It is known for developing the Submaran unmanned underwater (UUV) and surface vessel for oceans observation and data collection.The Submaran is powered by solar and wind energy, can travel for months at a time, and can dive down to 660 feet…

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