TYSONS CORNER, VA, Aug. 4, 2017 â Lockheed Martin (NYSE: LMT) aims to complete the construction of aÂ $350 millionÂ satellite production facility in Colorado by 2020 in efforts to support the company’s growing workforce and future projects, ExecutiveBiz reported Wednesday.
The future Gateway Center at Lockheed’s Waterton Canyon campus will feature a high-bay clean room, a thermal vacuum chamber, an anechoic chamber and a test operations and analysis facility and work to produce and test a variety of satellites, Lockheed said Wednesday.
“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,” saidÂ Rick Ambrose, executive vice president of Lockheed’s space systems business andÂ an inductee inÂ Executive Mosaic’s Wash100 for 2017.
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