This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Lockheed Martin Submits Proposal For The U.S. Air Force's Satellite Hosted Payload Initiative

Stocks in this article: LMT

WASHINGTON, Sept. 24, 2013 /PRNewswire/ -- Lockheed Martin [NYSE: LMT] submitted its competitive proposal for the U.S. Air Force's Hosted Payload Solutions (HoPS) initiative aimed at leveraging commercial satellites for some government missions. 

According to the August 1 government solicitation, HoPS will provide the Air Force Space and Missile Systems Center (SMC) and other U.S. government organizations with "a capability for hosting Government payloads on commercial spacecraft to meet mission objectives."  The HoPS contract will procure a fully functioning on-orbit hosted payload system and integrated ground system equipment and interfaces that deliver payload data to the government end user.  SMC's Developmental Planning Directorate is the acquisition office for HoPS.

In the satellite industry, it is common for multiple payloads – electronics and sensors packages designed for specific missions – to be mounted, or hosted, on a spacecraft to share launch, propulsion and power services, and their costs.  From Lockheed Martin's perspective, hosting government payloads on commercial spacecraft is an innovative approach that could address some of the U.S. government's needs for future satellite missions in challenging times.

"We believe that the Air Force's HoPS initiative will be a very useful tool in finding the nexus of capability, affordability, and resilience for critical national space missions," Mark Valerio, vice president of Lockheed Martin's Military Space line of business, said.

According to Valerio, Lockheed Martin's proposal provides a roadmap for this vision of the future. It combines the company's strong experience in commercial space, mission engineering, and system solutions with its broad commercial industry ties to bring forward affordable payload opportunities at the right time and the right place for mission needs.

"We are certainly known for satellites, but we have a long history of developing and integrating hosted payloads onto spacecraft as well," Valerio continued.  "In fact, just since 2000, Lockheed Martin has delivered 84 payloads on 16 different types of satellites from multiple manufacturers.  Three of these have been Government payloads integrated on commercial hosts where we solved the business and technical aspects of the integration challenge."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,620.01 +5.20 0.03%
S&P 500 1,947.93 +6.65 0.34%
NASDAQ 4,431.2890 +11.8110 0.27%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs