Lockheed Martin key investor in Rocket Lab
Capitalism in space: In this article about how Lockheed Martin and a smallsat rocket company have won launch development contracts from the British government in connection with the UK’s first spaceport in Scotland was this tidbit of information I have never known:
Lockheed Martin and Orbex, a UK-based company development a small satellite booster, have announced their intention to launch from Sutherland. Lockheed Martin will receive £23.5 million ($31.1 million) and Orbex will get £5.5 million ($7.3 million) from the U.K. Space Agency to advance work on their launcher programs.
The British government, Lockheed Martin and Orbex made their announcements at the Farnborough International Airshow.
Lockheed Martin is reportedly interested in launching a variant of Rocket Lab’s Electron booster from the Sutherland site. The U.S. aerospace contractor is a strategic investor in Rocket Lab, which already operates an orbital spaceport in New Zealand, and is planning to develop a U.S. launch pad for the Electron vehicle, which has made two test flights to date. [emphasis mine]
It sounds as if Lockheed Martin, after funding Rocket Lab and letting it do all the initial risky development, is now moving in to use its vast resources to develop its own competitive smallsat rocket, possibly using some of the knowledge gained by Rocket Lab.
Hat tip reader Steve Golson.
Capitalism in space: In this article about how Lockheed Martin and a smallsat rocket company have won launch development contracts from the British government in connection with the UK’s first spaceport in Scotland was this tidbit of information I have never known:
Lockheed Martin and Orbex, a UK-based company development a small satellite booster, have announced their intention to launch from Sutherland. Lockheed Martin will receive £23.5 million ($31.1 million) and Orbex will get £5.5 million ($7.3 million) from the U.K. Space Agency to advance work on their launcher programs.
The British government, Lockheed Martin and Orbex made their announcements at the Farnborough International Airshow.
Lockheed Martin is reportedly interested in launching a variant of Rocket Lab’s Electron booster from the Sutherland site. The U.S. aerospace contractor is a strategic investor in Rocket Lab, which already operates an orbital spaceport in New Zealand, and is planning to develop a U.S. launch pad for the Electron vehicle, which has made two test flights to date. [emphasis mine]
It sounds as if Lockheed Martin, after funding Rocket Lab and letting it do all the initial risky development, is now moving in to use its vast resources to develop its own competitive smallsat rocket, possibly using some of the knowledge gained by Rocket Lab.
Hat tip reader Steve Golson.