Lockheed Martin Boosts Investment in Astrotech Space Operations Subsidiary
[Via Satellite 07-13-2016] Lockheed Martin has announced intentions to expand capabilities at its Astrotech Space Operations site in Titusville, Florida with the assistance of the North Brevard Economic Development Zone and the State of Florida. Future investments would help Lockheed Martin grow the capabilities of Astrotech Space Operations, a company Lockheed Martin acquired in 2014, and could add as many as 300 jobs to the site over the next four years.
Astrotech Space Operations provides payload-processing services such as encapsulating and fueling satellites for launch. Under the planned expansion, its scope of work could potentially include production of aerospace components and subsystems. Lockheed Martin is evaluating options that are contingent on the completion of additional business case analyses, which are slated to occur in 2016 and 2017.