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Business/Financial

Lockheed Martin Jumps Into Hot Solar Market

DDN

Thursday, November 15th, 2007

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By George Lobsenz Lockheed Martin [LMT], the giant defense contractor, announced this week it is jumping into the red-hot solar energy market through a joint venture with Starwood Energy Group Global LLC that will pursue utility-scale solar generation projects in North America. Lockheed Martin and Starwood said they believe Lockheed Martin's project management skills could significantly lower the cost of large-scale solar projects, resulting in easier financing and more competitive electricity prices. "Significant demand is growing for utility-scale solar generation…

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