"The nuclear engineering clearly fails to be cost effective," Tom Jarboe told Business Insider in an email. Jarboe is a professor of aeronautics and astronautics, an adjunct professor in physics, and a researcher with the University of Washington's nuclear fusion experiment.
"This design has two doughnuts and a shell so it will be more than four times as bad as a tokamak," Jarboe said, adding that, "Our concept [at the University of Washington] has no coils surrounded by plasma and solves the problem."
Like I said earlier, from the sketchy detail that I've read, they are using a familiar technique for confinement, etc., something that has been used and studied extensively before. So unless they are claiming to find something that almost everyone has overlooked, this claim of their will need to be very convincing for others to accept. As stated in the article, Lockheed hasn't published anything yet, and they probably won't until they get patent approval of their design. That is what a commercial entity will typically do when they want to protect their design and investment.
There's a lot more work left to do for this to be demonstrated.