Lockheed Martin Corporation
) and China-based State Nuclear Power Automation System
Engineering Company ("SNPAS") have agreed to assist the Chinese
authority in manufacturing Generation III nuclear power plant
reactors. The companies will also ensure safety to the operations
at the nuclear power plant. The terms of the agreement were not
The growing economy of China has a huge demand for electricity
with the demand rising every passing year. To cope with the
dragon's energy demands Chinese authorities are focusing on the
generation of power from nuclear sources besides traditional
fossil fuel sources.
Unprecedented industrial development in the last couple of
decades has had its side effects in China. Enormous power
generation from fossil power plants resulted in massive
green house gas emissions. A recent report from International
Energy Agency (IEA) pointed out that the green house release from
China more or less negated the emission decline in Europe and the
US in 2012.
In such a backdrop, the nuclear power plants would be a blessing
for given as these release far less green house gas than fossil
fuel units. These will also benefit the cost-side of companies as
power generation in nuclear plants is less expensive. However,
operational safety of nuclear power plants remains a challenge.
Consistent monitoring, safety checks and planned outages are
required for the smooth running of the power plants. Lockheed's
Nuclear Systems and Solutions business comes into the picture
with its advanced products and solutions for the current and
next-generation civilian nuclear systems. Lockheed's advance
systems will autonomously and reliably monitor and detect likely
failures in the nuclear system, ensuring safety at the facility.
With the Japanese nuclear plant accident still fresh in our
memory, we believe ensuring safety in operation is a priority at
the nuclear power plants. In the drive to multiply power
generation and keep green house gas emissions under strict
control, nuclear energy could play a vital role ahead.
Lockheed currently has a Zacks Rank # 3 (Hold) and generates the
majority of its revenues from defense deals. Defense operators
that are performing well include
Northrop Grumman Corporation
Wesco Aircraft Holdings, Inc.
). Northrop and Wesco presently carry a Zacks Rank #2 (Buy) and
Safran has a Zacks Rank # 1 (Strong Buy).
Based in Bethesda, Maryland, Lockheed Martin is a global security
company that is principally engaged in the research, design,
development, manufacture, integration and sustainment of advanced
technology systems, products and services.
LOCKHEED MARTIN (LMT): Free Stock Analysis
NORTHROP GRUMMN (NOC): Free Stock Analysis
SAFRAN SA (SAFRY): Get Free Report
WESCO AIRCRAFT (WAIR): Free Stock Analysis
To read this article on Zacks.com click here.