InvestorsHub Logo
Followers 9
Posts 1597
Boards Moderated 1
Alias Born 01/27/2014

Re: None

Thursday, 08/03/2017 8:44:39 AM

Thursday, August 03, 2017 8:44:39 AM

Post# of 6624
Lockheed Martin spends $350 million on next-gen satellite production

Beau Jackson at 3dprintingindustry.com brings us Lockheed Martin spends $350 million on next-gen satellite production - August 02nd 2017

The Lockheed Martin press release - Lockheed Martin Invests $350 Million in State-of-the-Art Satellite Production Facility - 266,000 Square Foot "Factory of the Future" will Speed Production and Lower Costs - Aug 02, 2017

From Jackson's article:

Global aerospace, defense, security and advanced technologies company Lockheed Martin (NYSE: LMT) is investing $350 million in a state-of-the-art satellite production facility, complete with industrial grade 3D printers and “virtual immersion environments.”

Scheduled for completion in 2020, the Gateway Center is an expansion of the company’s Waterton Canyon campus.
___________________________________________________________________

According to Rick Ambrose, executive vice president of Lockheed Martin Space Systems, “This is our factory of the future: agile, efficient and packed with innovations. We’ll be able to build satellites that communicate with front-line troops, explore other planets, and support unique missions,”

He continues, “You could fit the Space Shuttle in the high bay with room to spare. That kind of size and versatility means we’ll be able to maximize economies of scale, and with all of our test chambers under one roof, we can streamline and speed production.”

Investing in America

Ambrose states that “Aerospace is an engine of innovation and growth for America,” and this investment is key to strengthening the nation’s contribution to technology for the military, scientific exploration and commercial space ventures.

As discussed by Brian O’Connor, Vice President of Production Operations at Lockheed Martin Space Systems, the company is “Printing the Path to Mars” by applying the technology to its latest spacecraft and satellite projects for NASA.

Ambrose adds, “We’re transforming every aspect of our operations to help our customers stay ahead of a rapidly-changing landscape. The Gateway Center, coupled with advancements in 3D printing, virtual reality design and smart payloads, will deliver game-changing innovations while saving our customers time and money.”

________________________________________________________________




In addition, Lockheed Martin has published a YouTube video about the new Gateway Center. The following is a screenshot starting 11 seconds into the video. No Additive Manufacturing Machine brand is identified but the image is of Arcam's Electron Beam Melting process. There's no display of laser based technology but Lockheed will use that, too.






Lockheed Martin Gateway Center
Published on Aug 2, 2017

Some of the biggest cleanrooms – and coolest jobs – on the planet are just minutes from Downtown Denver. Our space headquarters is home to large scale 3-D printers, human immersive spaces and multiple spacecraft manufacturing areas. And it’s about to get bigger with the addition of a new 266,000 sq. ft. building.






Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.