LOUISIANA: LOCKHEED ANNOUNCES LIQUEFIED NATURAL GAS PROJECT

     (The following press release from Louisiana Economic Development was 
received by e-mail and was reformatted. The sender verified the statement.) 
LED NEWS RELEASE 
FOR IMMEDIATE RELEASE
March 12, 2013 
LOCKHEED MARTIN ANNOUNCES LIQUEFIED NATURAL GAS PROJECT CREATING 166 NEW DIRECT 
JOBS IN NEW ORLEANS 
Project at Michoud Assembly Facility will result in 236 new indirect jobs, for 
a total of more than 400 new jobs 
NEW ORLEANS -- Today, Gov. Bobby Jindal and Lockheed Martin IS & GS-Defense 
President Gerry Fasano announced Lockheed Martin will make a $3 million capital 
investment at NASA's Michoud Assembly Facility to manufacture cryogenic tanks 
for liquefied natural gas. The LNG tanks, which initially will be used for ship 
propulsion, are part of Lockheed Martin's increased emphasis on converting 
defense technology to commercial applications. The project will create 166 new 
direct jobs with an average salary of $42,000 a year, plus benefits. LED 
estimates the project will result in another 236 new indirect jobs for a total 
of more than 400 new direct and indirect jobs.   
Gov. Jindal said, "This announcement is great news for the New Orleans area and 
our entire state. For years, the Michoud Assembly Facility was thriving, 
supporting at one time more than 5,000 quality jobs for our people in the space 
engineering industry. It was one of the largest production facilities in the 
country and was instrumental in the production of fuel tanks used during NASA's 
Space Shuttle Program, as well as prior space programs. But after the federal 
government stopped the Space Shuttle Program and the Obama administration ended 
the Constellation space program -- production drastically declined here at this 
facility, resulting in the loss of about 2,000 jobs since 2010.   
"Even though the federal government handed down these job-killing policies, we 
made a commitment to aggressively pursue new projects and new job opportunities 
for our people. We know that the Michoud facility is a vital part of this 
community and our state, and that's why we set out to bring new jobs here. 
Lockheed Martin's investment in Louisiana is proof of that commitment, and 
demonstrates the confidence they have in our world-class infrastructure, strong 
business climate and incomparable workforce. We look forward to continuing our 
work with Lockheed as they pursue even more manufacturing opportunities like 
these in the future." 
Known for aerospace defense and military security systems, Lockheed Martin will 
initially produce cryogenic tanks to fuel the propulsion systems for oceangoing 
vessels. Long-term plans call for the company to manufacture tanks to meet the 
needs of shipping by land, rail and sea, as well as for land-based storage of 
LNG. At the Michoud facility in New Orleans, Lockheed Martin also will develop 
Ocean Thermal Energy Conversion heat exchangers -- a maritime sustainable 
energy project -- as part of a slate of new technologies planned at the NASA 
manufacturing site. 
"Our entry into the LNG tank market is a prime example of how Lockheed Martin 
is leveraging capabilities and technologies developed for government and 
defense programs to meet the needs of private sector customers who drive the 
nation's economy," Fasano said. 
LED began working with Lockheed Martin on potential commercial manufacturing 
projects in March 2012. To secure the project, the state will provide the 
company with Louisiana's Competitive Projects Payroll Incentive, which will 
entail a payroll rebate of up to 12 percent for eligible jobs in the advanced 
manufacturing industry, one of the state's targeted growth sectors. Lockheed 
Martin will receive the services of LED FastStart(R) -- the nation's top-ranked 
state workforce training program -- and the company is expected to utilize the 
Industrial Tax Exemption Program.  
"Lockheed Martin's decision to diversify its business here in New Orleans 
demonstrates the confidence they have in our workforce and business climate and 
is a sign of the potential of manufacturing at Michoud in New Orleans," said 
New Orleans Mayor Mitch Landrieu. 
The first phase of the project is expected to begin with the installation of 
equipment in December 2013. In the future, Lockheed Martin will pursue 
additional advanced manufacturing projects at the Michoud facility, where it 
has long assembled major components of NASA's space systems. 
The Michoud Assembly Facility is owned and operated by NASA and managed by the 
international engineering, architecture and construction firm, Jacobs 
Engineering Group. Opened in the 1940s, the Michoud Assembly Facility is one of 
the largest production facilities in the country. It was instrumental in the 
development and production of fuel tanks used during NASA's Space Shuttle 
Program, as well as prior space programs and NASA's current Orion capsule and 
Space Launch System projects. 
"Lockheed Martin's decision to both expand and diversify in Greater New Orleans 
is a double win," said CEO and President Michael Hecht of Greater New Orleans 
Inc. "First, it is another example of the economic development benefit of the 
natural gas boom in southern Louisiana; second, it represents another 
significant step in the repurposing of Michoud as a public-private, multi-use 
manufacturing facility. Lockheed Martin has had a great past at Michoud, and we 
look forward to an even greater future." 
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security and 
aerospace company that employs about 120,000 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 2012 were $47.2 billion. For more 
about Lockheed Martin, visit www.lockheedmartin.com. 
Media Contact:
Gary Perilloux
Gary.Perilloux@la.gov
225.342.3437 
(kgt)NY 
 
 
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