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Lockheed Completes Purchase of Astrotech Space Operations Business

SatelliteLockheed Martin has completed the purchase of the Astrotech Corp‘s space operations business, Lockheed said Monday.

The acquired business will become a fully-owned Lockheed subsidiary with a presence at both Titusville, Florida and Vandenberg Air Force Base, California.

According to Lockheed, the company has helped with satellite launch preparations for more than 300 missions which includes final testing and fueling, encapsulation and day-of launch operations.

The acquisition was originally announced on May 29, 2014.

The Astrotech space operations unit will become a part of Lockheed’s Space Systems business area.

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