Lockheed Martin [LMT] on Apr. 13 announced its intention to build a new line of "rapid, integrated and affordable" tactical Intelligence, Surveillance, and Reconnaissance (ISR) satellites based on the company's LM 400 refrigerator-sized bus. The new, ISR birds are to permit military forces "to track moving targets at long ranges and operate in contested and denied environments -- on compressed timelines at the scale of battle," per Lockheed Martin. The company launched the LM 400 effort last year to provide…
