Lockheed Martin, MIT Partner on Energy-Climate Change Study

Lockheed Martin and MIT will collaborate on a major research partnership ($5 million over five years) to transform how the world combats climate change and produces and consumes energy. The team will focus on global climate initiatives, such as carbon modeling and verification and utility-scale energy storage.

With its $5 million investment, Lockheed Martin has become a Sustaining Member of the

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 140,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.

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