Lockheed Martin delivers LNG tank for Harvey Gulf newbuild

Lockheed Martin leveraged space shuttle tank technology to manufacture LNG fuel tank Lockheed Martin leveraged space shuttle tank technology to manufacture LNG fuel tank

APRIL 16, 2014 — Lockheed Martin [NYSE: LMT] has leveraged technology and experience from the manufacturing of NASA's space shuttle external tanks to deliver the LNG tank for the first of the series of LNG-fueled offshore support vessels building for Harvey Gulf International Marine at Gulf Coast Shipyard Group, Gulfport, MS.

Weighing in at 250,000 pounds, the LNG tank was built with U.S. steel under contract to Wärtsilä. It 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. Lockheed Martin expects interest for cryogenic tanks to increase as the LNG market segments continue to mature and the infrastructure is placed to support the safety of operating, transporting and bunkering of cryogenic fuels.

Lockheed Martin manufactures scalable tanks for all marine vessels and land-based applications inside the 43-acre NASA Michoud Assembly Facility Main Manufacturing Building in New Orleans, LA. Its waterfront location and deep water port allow for efficient shipping of the tanks to customer locations around the globe.

"We are very pleased with the relationship we are building with Lockheed Martin during this process. Our commitment to help our country become energy independent is clear. Harvey Gulf International Marine LLC will continue to be the leader in bringing low cost service solutions to our clients," said Harvey Gulf Chairman and Chief Executive Officer Shane Guidry.

"We are constantly looking for ways to innovate and leverage proven advanced technologies in different industries and our first LNG tank is a great example of this synergy," said Vincent Sica, vice president at Lockheed Martin Information Systems & Global Solutions.