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Lockheed Promises Electric-Grid Security for $1.3 Billion Market

Lockheed Martin Corp. is selling its military and intelligence expertise to electric utilities as the world’s largest defense contractor tries to exploit a U.S. push to guard power grids from terrorists and hackers.

Lockheed plans to enter the projected $1.3 billion market for utility cybersecurity next month with Palisade, a software program developed in partnership with American Electric Power Co. of Columbus, Ohio. The program alerts power companies to hacker intrusions and attacks on their electronic systems.