Lockheed Martin announces they will either give a full refund or refly a payload for free if their Atlas rocket fails at launch.


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The competition heats up: Lockheed Martin announced on Wednesday that they will either give a full refund or re-fly a payload for free if their Atlas rocket fails at launch.

This means that Lockheed Martin’s customers will no longer have to shop or pay for insurance. Instead, the company is providing it for them free, thus lowering the cost for those customers.

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One comment

  • That’s a significant competitive advantage, although the customer has to insure the payload. Still, this puts pressure on the competition, and as you noted, should drive launch costs down.

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