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.
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The damaged 2020-03-01 heat shield was detected on 2018-04-12 after undergoing a week of testing at the Lockheed Martin facility.
A composite structure that is part of the heat shield for the Mars 2020 spacecraft cracked during testing at a Lockheed Martin facility near Denver.
The Air Force awarded a development and production contract for the first Space Fence radar site in June 2014 to Lockheed Martin.
Lockheed Martin delivered the first GPS III satellite to the Air Force for storage in February 2017, and the Air Force declared the satellite available for launch in September 2017 after an investigation into the satellite’s propulsion subsystem.
Lockheed Martin is under contract to build the first 10 GPS 3 satellites.
Northrop Grumman, Boeing, and Lockheed Martin received study contracts in 2016 valued at up to $6,000,000 each to demonstrate the ability to build future GPS satellites.
Lockheed Martin reported overall net earnings of $1,160,000,000 for the first quarter of 2018, an increase of more than $350,000,000 versus the first quarter of 2017.
Lockheed Martin took a $25,000,000 charge to operating profit in the first quarter of 2018 due to a performance matter on an unspecified commercial satellite program.
Lockheed Martin’s space division reported operating profit of $264,000,000 on net sales of $2,340,000,000 in the first quarter of 2018, down from operating profit of $290,000,000 on net sales of $2,420,000,000 in the first quarter of 2017.
Lockheed Martin has an ongoing contract to build the first 10 GPS 3 satellites at its facilities near Denver.
Lockheed Martin reported $85,000,000 in equity earnings for its space division in the first quarter of 2018, primarily from its stake in United Launch Alliance, up from $80,000,000 in the first quarter of 2017.
Lockheed Martin reported net sales of $11,600,000,000 for the first quarter of 2018, an increase of more than $400,000,000 versus the first quarter of 2017.
ViaSat Inc. received a follow-on contract from Lockheed Martin on 2017-06-14 to deliver datalink communications for the integration and test phase of the U.S. Navy’s Long Range Anti-Ship Missile program.