Lockheed Martin in China nuclear protection deal
Lockheed Martin will develop reactor protection systems for new Chinese nuclear reactors
BETHESDA, Md. (AP) -- Lockheed Martin Corp. said Wednesday it will develop reactor protection systems for China's next generation of nuclear reactors.
The aerospace and defense contractor said it will develop a safety instrument and control platform for the protection systems. It will work with the State Nuclear Power Automation System Engineering Company, a state-owned company that is part of China's State Nuclear Power Technology Corp.
Lockheed Martin did not disclose terms of the agreement.
Its shares picked up 67 cents to $106.63 in afternoon trading.
