Lockheed Martin's 1st liquified natural gas tank assembled

16 April 2014

Lockheed Martin´s (NYSE: LMT) said its first liquefied natural gas tank has transitioned from the assembly line to the shipyard for integration with the Wartsila LNG propulsion system.

Weighing in at 250,000 pounds, this LNG tank built with US steel is the first of its kind for Lockheed Martin and will soon be used for marine applications under contract to Wartsila, a Finnish power solution provider for Harvey Gulf International Marine LLC, a marine transportation company based in New Orleans.

The LNG tank will be installed in Harvey Gulf´s LNG powered offshore support vessel currently under construction at Gulf Coast Shipyard Group in Gulfport, Miss.

This is the first in a series of cryogenic tanks Lockheed Martin will produce in support of expanding use of LNG tanks for marine applications and land-based storage.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 115,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its website is at http://www.lockheedmartin.com/us/products/LNG.html.

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