M&A

Lockheed Martin acquires space launch preparation company

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

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.