Lockheed Martin reorganizes its space divisions to better compete in the new commercial market
Lockheed Martin today announced that it is reorganizing its space divisions to make them better aligned with the new commercial market, and thus better able to win market share.
The company will streamline its operation from “five lines of business to three,” the first focused on commercial space, the second focused on classified military projects, and the third focused on military missile work.
As a big space company, Lockheed Martin has made a great effort in recent years to break into the commercial rocket industry. It was a major investor in Rocket Lab, and is also a major investor in the rocket startup ABL, which it is sending a lot of business. It also realigned its satellite construction business to focus on smallsats, including investing a lot of money in the smallsat company Terran Orbital.
This reorganization is clearly an effort to underline these changes. Whether it will work remains to be seen. Often such reorganizations in big older corporations end up being nothing more than rearranging the deck chairs on the Titanic.
Lockheed Martin today announced that it is reorganizing its space divisions to make them better aligned with the new commercial market, and thus better able to win market share.
The company will streamline its operation from “five lines of business to three,” the first focused on commercial space, the second focused on classified military projects, and the third focused on military missile work.
As a big space company, Lockheed Martin has made a great effort in recent years to break into the commercial rocket industry. It was a major investor in Rocket Lab, and is also a major investor in the rocket startup ABL, which it is sending a lot of business. It also realigned its satellite construction business to focus on smallsats, including investing a lot of money in the smallsat company Terran Orbital.
This reorganization is clearly an effort to underline these changes. Whether it will work remains to be seen. Often such reorganizations in big older corporations end up being nothing more than rearranging the deck chairs on the Titanic.