M&A

Lockheed Martin acquires space launch preparation company

  • By Mark Hoover
  • May 29, 2014

Lockheed Martin has acquired Astrotech Corp.’s Space Operations business in a move that bolsters Lockheed’s launch preparation services.

Financial terms were not disclosed.

Astrotech Space Operations’ capabilities in launch preparation complement Lockheed’s capabilities in satellite design, production and integration, said Lockheed president and CEO Marillyn Hewson.

Space Operations will operate as a wholly owned subsidiary of Lockheed Martin.

The Titusville, Fla.-based company has a number of government and commercial customers including both U.S. and international agencies and firms.

About the Author

Mark Hoover is a senior staff writer with Washington Technology. You can contact him at mhoover@washingtontechnology.com, or connect with him on Twitter at @mhooverWT.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?
My e-mail address is:

Do you have a password?
Forgot your password? Click here
close

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

I agree to this site's Privacy Policy.

Close this Advertisement