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Space

Lockheed Martin Looking To Increase Standard Component Usage Across Satellites

Wednesday, June 5th, 2013

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Lockheed Martin [LMT] is looking for ways to increase the use of standard components across its catalog of satellites to help save money, according to a key executive. Mark Valerio, vice president and general manager of Lockheed Martin’s military space business, recently said the company already uses standard propulsion and attitude control proponents. Valerio said if more standard components are used across satellite buses, he can drive down costs by “aggregating” that demand and, essentially, buying in bulk. Lockheed Martin's…

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