Lockheed Martin is a major American aerospace and defense company heavily involved in the space industry. As a manufacturer and systems integrator, they develop and produce commercial and military satellites, space probes, missile defense systems, and spacecraft, including NASA's Orion spacecraft. Lockheed Martin partners with organizations like NASA, ESA, and the U.S. Space Force, providing key technologies and services for space exploration, earth observation, and national security missions.
All verified mentions of this organization in source documents.
Revenue from Lockheed Martin commercial satellite programs dropped by $70,000,000 in 2018 due to lower volume.
Lockheed Martin’s chief financial officer previously projected that ULA-related earnings could be down as much as $150,000,000 in 2019 compared to 2018.
Lockheed Martin reported overall equity earnings for its space division of $210,000,000 in 2018, $5,000,000 more than in 2017.
Growth in Lockheed Martin’s space unit sales in 2018 was primarily due to strategic and missile defense programs increasing revenue by $225,000,000.
Lockheed Martin reported a business segment operating profit of $5,880,000,000 on net sales of $53,700,000,000 for the full 2018 fiscal year.
Boeing and Lockheed Martin merged their launch operations and created United Launch Alliance, which operated as a monopoly from 2006 until 2015.
Lockheed Martin Space recommends observing carbon dioxide and methane from polar, geostationary, ground-based, and over-water platforms as part of a comprehensive observing system.
The Iridium Next satellites replace Iridium’s legacy fleet that was built by Motorola and Lockheed Martin and launched about 20 years earlier.
Lockheed Martin finished assembling the GOES-T spacecraft in 2019 and was preparing it for environmental testing when NOAA directed the company to halt work due to ABI problems on GOES-17.
Air Force and Lockheed Martin engineers performed a launch and checkout test after the first GPS 3 launch using elements of OCX Block 0.
Lockheed Martin finished deploying the first GPS 3 satellite's antennas and solar panels on 2019-01-02 during initial checkout.
Lockheed Martin removed the ABI from GOES-T and shipped it to Harris in October 2019.
Lockheed Martin plans to make changes to the GOES-T spacecraft to accommodate the modified ABI, including adding additional sensors and increasing available power.
The Lockheed Martin upgrades to the legacy ground control system will allow the Air Force to operate the GPS 3 constellation with the existing ground system until 2025.
The U.S. Air Force awarded a $462,000,000 contract to Lockheed Martin on 2018-12-21 to continue modernization of the GPS ground control system.
Lockheed Martin is under contract to manufacture 10 GPS 3 spacecraft and 22 follow-on GPS 3F satellites over the next decade.
The GPS 3 satellites that Lockheed Martin is building are designed to operate for at least 15 years.
In September 2018 the Air Force selected Lockheed Martin to build up to 22 more GPS 3 satellites after reopening the program to competition.
Lockheed Martin is building the first 10 GPS 3 satellites under contracts awarded in 2008 and 2016.
Lockheed Martin has manufactured 18 of the 31 GPS satellites currently in operation.