Lockheed Martin Steps into the Liquefied Natural Gas Tank Market

Lockheed Martin, one of the world's largest security and aeronautics technology companies, is taking expertise it has garnered from years of developing solutions for the likes of NASA into the liquefied natural gas (LNG) market.

The company has already received orders for the manufacture of cryogenic LNG tanks for maritime vessels, and plans call for tanks to be developed to accommodate various transportation applications – including land and rail transport – and fixed LNG storage. Lockheed Martin will handle production of its LNG technologies at facilities in Louisiana.

‘The LNG opportunity is a particularly compelling example of how we can leverage defense- and space-related technology for applications in the private sector,’ says Gerry Fasano, president of Lockheed Martin Information Systems & Global Solutions-Defense.

Lockheed Martin began making external fuel tanks for the space shuttle program nearly 40 years ago. Experience with this type of fabrication and the associated production equipment will help the company serve different LNG supply-chain applications.

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