The smallsat maker — now known as Terran Orbital, a Lockheed Martin Company — will report to Lockheed’s space unit and serve as a merchant supplier to other major space primes, Lockheed said.
By Valerie Insinna“With regards to the election, we think that deterrence and deterrence capabilities are an enduring theme, regardless of which party is in the executive branch or who’s in control of Congress,” said Lockheed Martin COO Frank St. John.
By Valerie InsinnaThe deal marks the first time Lockheed has sought to acquire a company from its Lockheed Martin ventures portfolio.
By Valerie InsinnaTodd Master, Umbra’s chief operating officer and a former DARPA official, told Breaking Defense on May 22 that DRIFT “is a legitimately great example of how government can actually advance capability using commercial investments instead of just saying ‘leverage commercial’ over and over.”
By Theresa HitchensRobert Lightfoot, executive VP of Lockheed Martin Space, explained that the Ignite team pulls together four previously separate organizations to undertake fast-paced technology development.
By Theresa HitchensMarc Bell, Terran Orbital’s CEO, told Breaking Defense that despite the decision to abandon plans for its PredaSAR subsidiary to operate a SAR-sat constellation, the company intends to fully uphold its obligations under a pair of contracts with NRO.
By Theresa Hitchens