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Space

Lockheed Martin’s New SmartSat Venture Looks To Update Satellites Like Smartphones

By Matthew Beinart

Wednesday, March 20th, 2019

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Lockheed Martin’s New SmartSat Venture Looks To Update Satellites Like Smartphones

Lockheed Martin [LMT] on Wednesday announced a new satellite venture that will allow systems to be configured for new missions while in orbit through smartphone-like application updates, with the company already securing one government customer to be announced in April. SmartSat, the new software-defined technology, is currently being integrated on 10 programs, and the company is planning launches for two efforts on nanosatellites in 2019. “We want the satellites of the future to operate more like smartphones. We wants apps…

Budget

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