Lockheed to divest distributed energy solutions group

By Marjorie Censer / October 23, 2019 at 5:42 PM

Lockheed Martin said today it has agreed to sell its distributed energy solutions group to TRC Companies.

"The sale is part of Lockheed Martin Energy's strategy to focus on products and technology for the energy marketplace and the Department of Defense," the company said.

The distributed energy solutions business is a commercial business that works with electric and gas utility customers, Lockheed said.

The company did not disclose the price of the transaction.