Companies

Lockheed Martin, NioCorp to Partner in Pentagon-Funded Scandium Project

NioCorp CEO and Chairman Mark Smith called the new development a “game changer” for rare earths.
Lockheed Martin, NioCorp to Partner in Pentagon-Funded Scandium Project
Wheel loaders load trucks with ore at the MP Materials rare-earth mine in Mountain Pass, Calif. Steve Marcus/Reuters
Andrew Moran
|Updated:
0:00

Rare-earths developer NioCorp Developments is joining forces with defense contractor Lockheed Martin to develop advanced scandium applications, backed by the Pentagon.

The NioCorp–Lockheed partnership, announced on Oct. 22, is part of a program to engineer aluminum-scandium alloy prototypes, with the objective aimed at improving structural performance and weight efficiency in advanced fighter aircraft systems.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."