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Benzinga
Benzinga
Business
Akanksha Bakshi

KULR Receives Follow-On Order From Lockheed Martin

NYSE LMT Lockheed Martin Corp
  • KULR Technology Group Inc (NYSE:KULR) has received a follow-on order for its space-developed phase change material (PCM) heat sink technology from Lockheed Martin Corp (NYSE:LMT). Financial terms were not disclosed.
  • Phase change material heat sink technology reduces system temperature excursions and extends the life of key components within the thermal storage process.
  • "Repeat business like this is a testament to our reliable engineering, testing, and design capabilities that meet the stringent requirements of long-range weapon systems," commented Keith Cochran, President & COO of KULR Technology.
  • Price Action: KULR shares are trading higher by 3.52% at $1.75 and LMT lower by 0.74% at $417.61 on the last check Wednesday.
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