Lockheed Martin Corporation (NYSE:LMT) is in talks with mining companies to enable the development of its licensed areas on the Pacific seabed. The move comes as global competition for critical minerals continues to intensify.
What Happened: Lockheed Martin is in preliminary discussions with several companies to utilize its two eastern Pacific licenses. These licenses, secured from US regulators in the early 1980s, have recently garnered significant interest from undersea mining groups, despite never being utilized, reported the Financial Times.
