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Lockheed Martin Invests In Rocket Developer ABL Space Systems

Cal Biesecker By
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Lockheed Martin Invests In Rocket Developer ABL Space Systems
ABL Space Systems CEO Harry O'Hanley. Photo: ABL

ABL Space Systems Company on Monday evening said it has received a strategic investment from Lockheed Martin [LMT] with the financing going toward ongoing development and testing of ABL’s RS1 rocket system. The value of the investment wasn’t disclosed. ABL, based in California, said it is planning an integrated stage test in the second half of 2019, leading toward the first launch of RS1 in 2020. The RS1 is being developed to provide a low-cost solution for quick access to…

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