Ocean Energy Council Honors Lockheed Martin Employee with “Pioneer” Award

MANASSAS, VA, 07/07/2009 --

The Ocean Energy Council (OEC) recently honored Lockheed Martin [NYSE:LMT] employee Ted Johnson, Ph.D., of Warrenton, Va., with its prestigious Ocean Energy Pioneer Award for his support of Ocean Thermal Energy Conversion (OTEC) technology.

OTEC technology leverages the ocean's natural thermal gradients to produce a significant amount of constant, renewable, non-polluting power.

Lockheed Martin has been involved in research and development of OTEC technologies for 30 years. Dr. Johnson was part of the Lockheed Martin division in Sunnyvale, Calif., that successfully built and tested the world's first successful floating OTEC system in the late 1980s.

Today Johnson is the OTEC program business development director and leads Lockheed Martin efforts to bring modern, commercial utility-scaled OTEC plants to market. In 2008, Lockheed Martin was awarded a U.S. Department of Energy contract to demonstrate a modern fabrication approach for a cold water pipe, a key component of the OTEC system.

"I'm honored to receive this award from the Ocean Energy Council," said Johnson. "Lockheed Martin's leadership position on OTEC technology will ultimately produce a new energy source that is clean and fully sustainable."

OEC is a nonprofit organization advocating the development and implementation of ocean energy as a sustainable, renewable energy source. Through the Ocean Energy Pioneer Award, OEC recognizes individuals and institutions that have made a significant contribution to the promotion, education and implementation of ocean energy around the world. OEC presented the award at the sixth annual Energy Ocean conference held in Rockport, Maine.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 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.

Media Contacts:

Media Contact at Lockheed Martin: Kim Martinez, (973) 294-8981; e-mail: kimberly.martinez@lmco.com

For additional information about Lockheed Martin, visit: http://www.lockheedmartin.com