Home / Press Releases / Lockheed Seeks Reduced Satellite Dev’t Time, Costs With 3D Printing; Rick Ambrose Comments

Lockheed Seeks Reduced Satellite Dev’t Time, Costs With 3D Printing; Rick Ambrose Comments

Rick Ambrose
Rick Ambrose

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.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

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