Firefly gets a major 25-launch contract from Lockheed Martin
Firefly today announced that Lockheed Martin has awarded it a launch contract for 25 launches through 2029.
The contract “commits Lockheed Martin to 15 launch reservations and 10 optional launches.”
What is interesting about this agreement is who Lockheed did not give the launches to. Lockheed Martin has been a major investor in Rocket Lab, which is about to complete its 50th operational launch. It also has been a major investor in the rocket startup ABL, which in 2021 Lockheed Martin awarded its own giant launch contract for 58 launches through 2029.
ABL however has not yet had a successful launch. It tried twice in 2022, but has done nothing since. It could very well be that this new contract for Firefly is a signal that Lockheed Martin has lost faith in ABL, that there are more fundamental problems in that company. Those problems could also be related to the new regulatory burdens from the FAA that in the past two years appear to have slowed development by all American rocket startups.
That Lockheed Martin did not give this contract to Rocket Lab, which is flying, could be because Lockheed is trying to encourage the development of multiple small satellite launchers, in order to provide its main satellite-making business a variety of good options.
Either way, this deal strengthens Firefly’s position, even though its Alpha rocket has only had two launches (in 2022 and 2023), both of which put the payloads in orbit but failed to place them in the correct orbit. Moreover, the company has said it would launch four times in 2024, and as yet to launch once.
Firefly today announced that Lockheed Martin has awarded it a launch contract for 25 launches through 2029.
The contract “commits Lockheed Martin to 15 launch reservations and 10 optional launches.”
What is interesting about this agreement is who Lockheed did not give the launches to. Lockheed Martin has been a major investor in Rocket Lab, which is about to complete its 50th operational launch. It also has been a major investor in the rocket startup ABL, which in 2021 Lockheed Martin awarded its own giant launch contract for 58 launches through 2029.
ABL however has not yet had a successful launch. It tried twice in 2022, but has done nothing since. It could very well be that this new contract for Firefly is a signal that Lockheed Martin has lost faith in ABL, that there are more fundamental problems in that company. Those problems could also be related to the new regulatory burdens from the FAA that in the past two years appear to have slowed development by all American rocket startups.
That Lockheed Martin did not give this contract to Rocket Lab, which is flying, could be because Lockheed is trying to encourage the development of multiple small satellite launchers, in order to provide its main satellite-making business a variety of good options.
Either way, this deal strengthens Firefly’s position, even though its Alpha rocket has only had two launches (in 2022 and 2023), both of which put the payloads in orbit but failed to place them in the correct orbit. Moreover, the company has said it would launch four times in 2024, and as yet to launch once.