TYSONS CORNER, VA, March 18, 2016 — Lockheed Martin (NYSE: LMT) has incorporated 3D printing technology as part of the company’s efforts to decrease satellite development time by 40 percent and reduce total spending, ExecutiveBiz reported March 8.
“Ultimately [the government] is going to go to a new architecture, so by reducing the cost, it helps the government and it also helps us get to the future, ” Rick Ambrose, executive vice president of Lockheed’s space systems unit, told Reuters in an interview published March 8.
Ambrose said the company is scheduled to complete tests on a 3D-printed propulsion tank by the end of the second quarter.
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