ABL Space Systems
Lockheed Martin has signed a contract with small launch vehicle developer ABL Space Systems for as many as 58 launches over the next decade, a deal potentially worth several hundred million dollars.
ABL Space Systems will conduct a launch for Lockheed Martin from a new spaceport in the Shetland Islands, fulfilling an agreement with the British government announced in 2018.
ABL says the funding will accelerate the development of its two-stage launch vehicle and mobile infrastructure.
The venture arm of Lockheed Martin has invested in small launch startup ABL Space Systems, the second such company the aerospace giant has taken a stake in.
A small launch vehicle company is increasing its vehicle’s payload capacity and reducing its price as it seeks to find a niche in a crowded market.
A Georgia county seeking to develop a spaceport has attracted a small launch vehicle company to set up operations and, hopefully, launch from there.