Lockheed Martin

Lockheed Martin (5)

Preliminary construction is underway on a new, $350 million Lockheed Martin facility that will produce next-generation satellites. The new facility, located on the company's Waterton Canyon campus near Denver, is the latest step in an ongoing transformation, infused with innovation to provide future missions at reduced cost and cycle time.

The new Gateway Center, slated for completion in 2020, includes a state-of-the-art high bay clean room capable of simultaneously building a spectrum of satellites from micro to macro. The facility's paperless, digitally-enabled production environment incorporates rapidly-reconfigurable production lines and advanced test capability. It includes an expansive thermal vacuum chamber to simulate the harsh environment of space, an anechoic chamber for highly perceptive testing of sensors and communications systems, and an advanced test operations and analysis center. The Gateway Center will be certified to security standards required to support vital national security missions.

"This is our factory of the future: agile, efficient and packed with innovations. We'll be able to build satellites that communicate with front-line troops, explore other planets, and support unique missions," said Rick Ambrose, executive vice president of Lockheed Martin Space Systems. "You could fit the Space Shuttle in the high bay with room to spare. That kind of size and versatility means we'll be able to maximize economies of scale, and with all of our test chambers under one roof, we can streamline and speed production."

Lockheed Martin expects the construction effort to employ a total of 1,500 contractors during the three-year construction phase. Lockheed Martin has added more than 750 jobs to its Colorado workforce since 2014, and currently has about 350 job openings in the Denver area alone. This building will accommodate that recent growth and new future projects. State and local officials in Colorado have helped strengthen the aerospace industry and foster an environment that helps aerospace companies thrive and grow.

"Aerospace is an engine of innovation and growth for America, and we're investing in infrastructure and technology to help strengthen the nation's leadership in military and commercial space and scientific exploration," added Ambrose. "We're transforming every aspect of our operations to help our customers stay ahead of a rapidly-changing landscape. The Gateway Center, coupled with advancements in 3D printing, virtual reality design and smart payloads, will deliver game-changing innovations while saving our customers time and money."

Lockheed Martin's Waterton Canyon campus has been a hub of space innovation since the 1950s, with more than 4,000 employees and a wide range of industry-leading design, manufacturing and test facilities on site. Spacecraft currently in production at the site include the Air Force's GPS III satellites, NASA's InSight Mars lander, NOAA's GOES-R Series weather satellites, and commercial communications satellites.

Companies selected by Lockheed Martin for the project include Hensel Phelps as the general contractor, Matrix PDM Engineering and Dynavac for thermal vacuum chamber design and construction, and ETS-Lindgren for anechoic chamber design and construction.

Lockheed Martin (NYSE: LMT) has entered into a definitive agreement to acquire Sikorsky Aircraft, a world leader in military and commercial rotary-wing aircraft, for $9.0 billion. The price is effectively reduced to approximately $7.1 billion, after taking into account tax benefits resulting from the transaction.

“Sikorsky is a natural fit for Lockheed Martin and complements our broad portfolio of world-class aerospace and defense products and technologies,” said Marillyn Hewson, Lockheed Martin chairman, president and CEO. “I’m confident this acquisition will help us extend our core business into the growing areas of helicopter production and sustainment. Together, we’ll offer a strong portfolio of helicopter solutions to our global customers and accelerate the pace of innovation and new technology development.”

The acquisition is subject to customary conditions, including securing regulatory approvals, and is expected to close by late fourth quarter 2015 or early first quarter 2016.

Lockheed Martin and United Technologies Corporation have agreed to make a joint election under Section 338(h)(10) of the Internal Revenue Code, which treats the transaction as an asset purchase for tax purposes. The election generates a tax benefit with an estimated present value of $1.9 billion for Lockheed Martin and its shareholders.

The Corporation plans to align Sikorsky under the Lockheed Martin Mission Systems and Training (MST) business segment. MST and Stratford, Connecticut, based Sikorsky currently partner on a number of critical programs, including the VH-92 Presidential Helicopter, Combat Rescue Helicopter and the Naval MH-60 Helicopter.

Separately, Lockheed Martin will conduct a strategic review of alternatives for its government IT and technical services businesses, primarily in the Information Systems & Global Solutions business segment and a portion of the Missiles and Fire Control business segment. The programs to be reviewed represent roughly $6 billion in estimated 2015 annual sales and more than 17,000 employees.

“As global security market dynamics shift, this review will strengthen our competitive posture, enabling sustained, profitable growth and positioning Lockheed Martin to deliver value for customers, shareholders and employees,” Hewson said.

Lockheed Martin is a leading IT and technical services provider around the globe, and with a series of recent wins in the U.S., Europe and Australia, the business is well positioned for the future. However, following recent shifts in market dynamics, Lockheed Martin will explore whether the businesses can achieve greater growth and create more value for customers and shareholders outside of the Corporation. The strategic review is expected to result in a spin-off to Lockheed Martin shareholders or sale of these components.

The IS&GS programs that are not included in the strategic review are mostly focused on defense and intelligence customers and will be realigned into the Corporation’s other four business segments following completion of the review.

For more information, visit: www.lockheedmartin.com/sikorsky

The Lockheed Martin [NYSE: LMT] Space Systems Advanced Technology Center (ATC) has opened a new state-of-the-art laboratories building that will enable the company to provide innovative technical solutions to customers with more agility and efficiency.

The Advanced Materials & Thermal Sciences Center, with 82,000 square feet of floor space, will house 130 engineers, scientists and staff. The new laboratories will host advanced research and development in emerging technology areas like 3-D printing, energetics, thermal sciences, nanotechnology, synthesis, high temperature materials and advanced devices.

“This magnificent new facility will be home to many of the innovative technologies that will help shape the future of space payloads, satellites and missile systems,” said Dr. Kenneth Washington, vice president of the ATC. “Scientists and engineers here are creating advanced materials like our CuantumFuse™ nano-copper, which promises to make more reliable electrical connections in space and other applications. We’re also perfecting technologies to manage the heat generated by on-board satellite sensors. Our new microcryocooler is the smallest satellite cooler ever developed, another example of the ground-breaking technologies we’re advancing in this lab.”

The new building was designed and constructed to achieve a Silver certification from the U.S. Green Building Council that recognizes best-in-class building strategies and practices including sustainability; water efficiency; energy efficiency and atmospheric quality; use of materials and resources; indoor environmental quality; and innovations in upgrades, operations and maintenance. The U.S. Green Building Council’s Building Rating System is a voluntary national standard for high-performance sustainable buildings.

“Our new Materials and Thermal Sciences Center is not just a home for innovation, it’s a shining example of the benefits of sustainable, environmentally-friendly practices,” said Marshall Case, vice president of Infrastructure Services at Lockheed Martin Space Systems. “By replacing two other buildings that are each 50 years old with this new facility, we’ll save $1 million in annual maintenance costs, cut energy costs by more than 60 percent, and reduce our carbon footprint. This new facility is better for the environment, more affordable for our business and more versatile for our technologists.”

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 115,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s net sales for 2013 were $45.4 billion.

For more information, visit: www.lockheedmartin.com

An exciting and novel mission to Mars has been selected as NASA's next Discovery mission. The Interior Exploration using Seismic Investigations, Geodesy and Heat Transport (InSight) mission, led by principal investigator Bruce Banerdt of  the Jet Propulsion Laboratory (JPL) and managed by JPL, will make the first ever measurements of the interior of Mars, providing insight into the evolution of the terrestrial planets. Lockheed Martin [NYSE: LMT] Space Systems Company in Denver will build and operate the InSight spacecraft. The cost of the mission, excluding the launch vehicle and related services, is capped at $425 million in 2010 dollars.

"We are absolutely delighted to be a part of the InSight mission, and eager to get to work with the Jet Propulsion Laboratory in moving this mission from the drawing board to the surface of Mars," said Jim Crocker, vice president and general manager of Civil Space at Lockheed Martin Space Systems Company. "Exploration and discovery are fundamental to our progress, and we are very proud to play a role in making it happen."

Targeted for launch in 2016, the InSight lander would reach the Red Planet later that year and land at Elysium Planitia, a large flat area near the planet's equator. The InSight lander will install a seismograph and heat flow probe into the Martian surface.

InSight is more than a Mars mission – it is a terrestrial planet explorer that will address one of the most fundamental issues of planetary and solar system science – understanding the processes that shaped the rocky planets of the inner solar system (including Earth) more than four billion years ago. By using sophisticated geophysical instruments, InSight will delve deep beneath the surface of Mars, detecting the fingerprints of the processes of terrestrial planet formation, as well as measuring the planet's "vital signs": Its "pulse" (seismology), "temperature" (heat flow probe), and "reflexes" (precision tracking).

The InSight mission is similar in design to the Mars lander that the Phoenix mission used successfully in 2008 to study ground ice near the north pole of Mars. The reuse of this technology, developed and built by Lockheed Martin, will provide a low-risk path to Mars without the added cost of designing and testing a new system from scratch.

InSight is the sixth Discovery mission in which Lockheed Martin Space Systems has participated. Previously, the company designed and built the Lunar Prospector spacecraft; developed the aeroshell entry system for the Mars Pathfinder mission; designed, built and operated the spacecraft used for both Stardust missions; designed, built and operated the Genesis spacecraft; and designed, built and is operating the two Gravity Recovery And Interior Laboratory (GRAIL) spacecraft currently orbiting the Moon.

NASA's Discovery Program gives scientists the opportunity to dig deep into their imaginations and find innovative ways to unlock the mysteries of the solar system. When it began in 1992, this program represented a breakthrough in the way NASA explores space. For the first time, scientists and engineers were called on to assemble teams and design exciting, focused planetary science investigations that would deepen the knowledge about our solar system.

As a complement to NASA's larger "flagship" planetary science explorations, the Discovery Program goal is to achieve outstanding results by launching many smaller missions using fewer resources and shorter development times. The main objective is to enhance our understanding of the solar system by exploring the planets, their moons, and small bodies such as comets and asteroids. The program also seeks to improve performance through the use of new technology and broaden university and industry participation in NASA missions.

Space Systems Company, a major operating unit of Lockheed Martin Corporation, designs and develops, tests, manufactures and operates a full spectrum of advanced-technology systems for national security and military, civil government and commercial customers. Chief products include human space flight systems; a full range of remote sensing, navigation, meteorological and communications satellites and instruments; space observatories and interplanetary spacecraft; laser radar; ballistic missiles; missile defense systems; and nanotechnology research and development.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs about 120,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation's net sales for 2011 were $46.5 billion.

For more information, visit: insight.jpl.nasa.gov

The U.S. Air Force awarded Lockheed Martin [NYSE: LMT] a $107 million follow-on contract for the next phase of Space Fence, a program that will increase space situational awareness and enhance safety for both manned and unmanned space operations.

Under the 18-month contract, Lockheed Martin will further develop and prototype its ground-based radar system design in preparation for a final Space Fence production contract next year.

Space Fence will replace the existing Air Force Space Surveillance System, or VHF Fence, which has been in service since the early 1960s. The higher wave frequency of the new Space Fence radars will allow for the detection of much smaller microsatellites and debris than the current systems allow.

“The proliferation of orbital objects, including rocket debris and satellites, threatens our daily use of space-based technology and its valuable services, such as electronic navigation, satellite broadcasting and medical research,” said John Morse, Lockheed Martin Space Fence program director.  “Our Space Fence design will provide the Air Force with more time to react to events potentially impacting our space assets and missions – such as collisions with space debris – before they happen.”

Space Fence will field two or three high-power, S-band ground-based radars to provide the Air Force with uncued detection, tracking, accurate measurement and cataloging of resident space objects, primarily in low-earth orbit.

The current VHF system is located in the continental U.S., whereas the Space Fence radars will be located at strategic sites around the world to expand global surveillance coverage into the Southern hemisphere.

In June 2009, Lockheed Martin was one of three industry teams awarded a $30 million contract to begin concept development for Space Fence.  During the recent system design review phase, the team reduced risks for its solution by prototyping, designing and performing trade studies and analysis of potential system configurations. The team also conducted site and facility studies and developed net-centric approaches to integrate the new Space Fence with the existing architecture of the Space Surveillance Network.

With more than 400 operational S-band arrays deployed worldwide, Lockheed Martin is a leader in S-Band radar development, production, operation and sustainment.  The Lockheed Martin-led team, which includes General Dynamics, AT&T and AMEC, has decades of collective experience in space-related programs including sensors, mission-processing, cataloging, orbital mechanics, net-centric communications and facilities.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 132,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation’s 2010 sales from continuing operations were $45.8 billion.

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