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The joint venture between Lockheed Martin and Boeing, known as United Launch Alliance (#ULA), is under pressure from the United States Air Force to increase its launch pace. The Air Force's top acquisition official, Frank Calvelli, emphasized the need for ULA to accelerate its launches to meet the growing demand for national security satellites. ULA's average of six to seven launches per year since 2019 falls short of the required frequency, with the Air Force aiming for approximately two launches per month. This push for increased launch frequency comes in light of SpaceX's success in securing government and commercial contracts with its #Falcon9 and #FalconHeavy rockets. ULA's ability to ramp up its launches depends on the successful second flight of its new #Vulcan rocket, powered by the BE-4 engine developed by Blue Origin. Failure to complete this certification flight could delay critical national security payloads, including a new #GPSsatellite. Follow Amanda Newman to stay up to date with technology. https://lnkd.in/dmHaF6Yi

🚀 Lockheed Martin is set to acquire satellite manufacturer Terran Orbital Corporation in a $450 million deal, marking a major expansion in the #satellite #industry. This strategic move will combine Lockheed Martin’s space systems expertise with Terran Orbital’s satellite production capabilities. 🌍 The acquisition aims to enhance Lockheed Martin’s ability to deliver cutting-edge #satellite solutions for both commercial and government clients, leveraging #TerranOrbital’s talent and manufacturing prowess to accelerate growth. 📡 Once completed, this deal is expected to drive #innovation and create new opportunities in the rapidly expanding #space #economy, reinforcing the critical role of satellites in communication, navigation, and national security. 🛠️ The acquisition is pending regulatory approvals, but it highlights the increasing importance of strategic partnerships in the #aerospace sector as companies aim to stay ahead in the evolving space market. Source: TechCrunch #Aerospace #LockheedMartin #SatelliteTechnology #SpaceInnovation #MergersAndAcquisitions #TerranOrbital #SpaceEconomy #DefenseIndustry #FutureTechly

Astroscale, Boeing, SES, and Intelsat Take Stock of 2023: 2023 was a very eventful year in the satellite industry, and a number of companies made significant announcements as the industry heads into this unprecedented multi-orbit era. 2024 promises to be as equally as significant as companies look to make good on bold, ambitious business plans with more competition than ever. To kick off the […] The post Astroscale, Boeing, SES, and Intelsat Take Stock of 2023 appeared first on Via Satellite. #neuco #satellite

ThrustMe closes contract order with CNES for several off-the-shelf propulsion systems ThrustMe proudly announces a transformative off-the-shelf contract with the French Centre National  d'Études Spatiales (CNES). This purchase agreement is a testimony of the rapidly changing aerospace  sector, where the lines between the legacy and new space are blurring. Long-standing actors such as  CNES can benefit from complete and reliable industrial and standardized products for their space  missions to accelerate development times and reduce costs.  A symbol of industry evolution and CNES’ progressive approach.   This contract signifies a remarkable shift in the space industry, illustrating the fading barriers between  'old' and 'new' space sectors. It stands as a testament to the evolving ecosystem where space agencies  and innovative companies collaborate more closely than ever. The direct order for ThrustMe's off-the-shelf propulsion products by CNES illustrates the agency's procurement policy, now embracing agile and  commercially focused strategies to meet the dynamic needs of modern space missions.  #space #spaceindustry #propulsion #propulsionsystems #startup #newcontract #france https://lnkd.in/eu2zmHjP

Lockheed Martin said on Aug. 15 that it would take troubled satellite manufacturer Terran Orbital private in a $450 million deal well below its initial unsuccessful $600 million bid for the company. Excerpts from my story for Aviation Week Network below: Lockheed uses Terran’s satellites for its work with the U.S. Space Development Agency’s Transport and Tracking Layer programs and in several of its self-funded technology demonstrations. “Their [Terran’s] capabilities, talent and business momentum align with Lockheed Martin Space’s strategic plans,” Robert Lightfoot, president of Lockheed Martin Space, says in an announcement. The acquisition comes as Terran teeters on the brink financially. The small satellite bus manufacturer said in an Aug. 13 filing with the U.S. Securities and Exchange Commission (SEC) that it has just $15 million in cash reserves. It also reduced its backlog of sales from $2.7 billion down to $312.7 million by removing the unpaid portion of its ill-fated contract with Rivada Space Networks to develop and manufacture a low-Earth-orbit communications satellite constellation. Terran has not lived up to the lofty expectations investors had when it listed on the New York Stock Exchange (NYSE) in March 2022 at a $1.8 billion valuation and with $200 million in outstanding orders. Terran listed amid a trend of ambitious space companies—also including Virgin Galactic, Rocket Lab and Astra —going public through special purpose acquisition company (SPAC) deals. Because they do not require the same comprehensive due diligence of a traditional initial public offering (IPO), SPACs can allow startups to go public faster. But that same reduced transparency can also lead to overly sunny earnings forecasts and ultimately disappointed investors. Ironically, Terran CEO Marc Bell said at the time of the company’s market debut that it would not err as others had. “We look at a lot of these space SPACs that have gone out and a lot of them weren’t businesses that should have gone public,” he told CNBC in March 2022. “We, on the other hand, have real revenues, real pipeline, real backlog, real customers.” #lockheedmartin #space #aerospace #defense #spac #investing #satellite https://lnkd.in/ezVDCikk

Axiom Precision Manufacturing and Nupress Group have been contracted by Lockheed Martin to produce precision machined components for the next-generation Orion spacecraft. With origins in automotive and toolmaking, the companies are capitalising on the opportunities that advanced Australian manufacturers can access by diversifying into space. Axiom’s Aerospace and Defence Manager Fred Hull said "once we achieved our AS9100 aerospace certification and had success with many Australian and international aerospace primes, we knew that the space industry should be highlighted on our business plan.” Nupress also moved into the space industry due to shifts in its customer base. CEO Craig McWilliam said: “In 2012, when the mining bubble burst, Nupress made a strategic decision to move into the aerospace and health markets." #manufacturing #australianmanufacturing #space #spaceindustry #diversification #defence #defenceindustry

𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐. 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐜𝐨𝐩𝐞 𝐚𝐧𝐝 𝐃𝐞𝐦𝐚𝐧𝐝 𝐨𝐟 𝐒𝐚𝐭𝐞𝐥𝐥𝐢𝐭𝐞 𝐋𝐚𝐮𝐧𝐜𝐡 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/dD25ziNt A #satellite launch system encompasses the comprehensive array of equipment and technical systems essential for propelling satellites into space. This includes launch equipment such as rockets, launch pads, and launch vehicles. The launch management system oversees various pre- and post-launch activities, including satellite assembly, testing, transportation, and launch preparation. Meanwhile, the launch control #system plays a pivotal role during the launch process by orchestrating the control of launch equipment through computer systems, ensuring the successful deployment of satellites into #space. *𝗕𝘆 𝗧𝘆𝗽𝗲: Launch Device, Launch Management System, Launch Control System, Others *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Military, Commercial *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻𝘀: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Airbus Defence and Space, ARIANESPACE, Boeing, IAI - Israel Aerospace Industries (IAI - Israel Aerospace Industries), ISISPACE Group, Leonardo, Lockheed Martin, Maxar Technologies, SpaceX, Viasat., Inmarsat, Elbit Systems, BAE Systems #SatelliteLaunch #SpaceTech #LaunchEquipment #LaunchManagement #LaunchControl #SpaceExploration #RocketScience #SatelliteDeployment #SpaceSystems #TechnicalInnovation

The beauty of a new space project that is that you can literally see it growing. From the first word you write in your proposal, to the minutes of meeting of the Kick-Off meeting, the trills of reviewing the first data package and the beauty of everything getting closer and closer to the final shape. In the picture below, my colleagues are working with the flatsat of our first satellite, the TROLL. It's just a bunch of boards and wires spread across two large lab tables, but we can already distinct some cube-like shapes and the final setup seems now a lot more than just some documents and design files on a computer. We have some very interesting times ahead. 🚀 🚀 🚀