Lockheed CEO Hewson: The industry has to be competitive so "America can continue to be a leader in space.”
The announcement adds to the $1.86 billion Lockheed won in 2014 to build the fifth and sixth geostationary satellites for the Air Force’s Space-Based Infrared System.
Lockheed says the technology has cut down on production time by two-thirds, while Aerojet is already testing a 3-D printed thrust chamber.
Lockheed Martin on July 20 reported lower revenue and operating profit at its Space Systems division for the six months ending June 26 despite a large profit contribution by launch-service provider United Launch Alliance (ULA).
The European-built service module for NASA’s Orion crew-transport vehicle will be three months late in being shipped to the United States following modifications to the design recommended by a June 16 program review, a senior European Space Agency official said June 17.