Lockheed Martin (NYSE:LMT) is re-entering deep-sea mining and talking to potential partners about activating two exploration zones it holds in the lucrative Clarion-Clipperton Zone (CCZ) in the Pacific Ocean.
The leading U.S. defense contractor first obtained the licenses in the early 1980s before exiting the sector by selling its U.K.-based subsidiary, U.K. Seabed Resources, to Norway's Loke Marine Minerals in 2023. However, following Loke's bankruptcy in April, an asset auction returned the licenses to Lockheed's control.
