October 20, 2015 - 1:15 PM EDT
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Lockheed Martin Parking Catches Sun Power

Florida's Largest, Private Solar Array Now Operational

CLEARWATER, Fla., Oct. 20, 2015 /PRNewswire/ -- Lockheed Martin (NYSE: LMT) joined Florida Governor Rick Scott, Duke Energy President of Florida Utility Operations Alex Glenn and other local officials to celebrate the powering up of its 151,400 square foot solar array covering the parking lot at its facility near Clearwater, Florida. The project represents Florida's largest, private solar array.

Lockheed Martin's parking solar array, completed in September 2015, will cut energy costs by up to 60 percent, greenhouse gas emissions by 35 percent and energy use by 25 percent by the year 2020.

Lockheed Martin and lead contractor Advanced Green Technologies broke ground on the project in March 2015. Since then, 7,260 solar modules manufactured by Hanwha SolarOne Company and inverters by SunGrow were networked to create the 2.25 megawatt solar carport. AGT designed and led construction for the project, which was completed and tested by September 2015.

"This plant is indicative of Lockheed Martin's drive to be energy efficient and a responsible corporate citizen," said Leo Mackay, Lockheed Martin vice president of Sustainability.  "It is a building block in our larger effort to align our company with the demands of this century:  global security; advanced infrastructure; and renewable energy."

The solar project will generate 3.33 million kilowatt hours per year resulting in $6.5 million in savings over 25 years. The covered parking will not only provide shade for more than 500 cars, but it will also slash greenhouse gas emissions by 35 percent.

The Lockheed Martin location near Clearwater, Florida employs approximately 500 employees and 100 contractors providing engineering, software development and other services for company programs. Lockheed Martin is the largest industrial employer in Florida with approximately 12,000 employees in the state. Across locations, the company focuses on optimizing the use of natural resources to reduce carbon emissions through improved energy management. Lockheed Martin is currently considering other Florida sites to construct an additional solar carport.

For additional information, visit our website: www.lockheedmartin.com/sustainability.

About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 112,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2014 were $45.6 billion

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SOURCE Lockheed Martin

Source: PR Newswire (October 20, 2015 - 1:15 PM EDT)

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