This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

OSIRIS-REx Asteroid Mission Passes Important Design Review

Stocks in this article: LMT

DENVER, April 10, 2014 /PRNewswire/ -- NASA's OSIRIS-REx program has successfully completed a comprehensive technical review of the mission and has been given approval to begin building the spacecraft, flight instruments and ground system. Lockheed Martin [NYSE: LMT] is responsible for development of the spacecraft, which will be the first U.S. mission sent to a near-Earth asteroid to collect and return samples.

PHOTO/VIDEO: http://www.lockheedmartin.com/us/news/press-releases/2014/april/0410-ss-orex.html

This major milestone was achieved after a successful mission critical design review (CDR) for the Origins, Spectral Interpretation, Resource Identification, Security-Regolith Explorer ( OSIRIS-REx) mission. The review was performed by an independent review board, comprised of experts from NASA and several external organizations, that validated the detailed design of the spacecraft, instruments and ground system.

"Passing CDR is a significant milestone in our program," said Rich Kuhns, program manager at Lockheed Martin Space Systems. "We have now completed the spacecraft design and are transitioning into fabrication as we prepare for the assembly, test and launch operations phase of the mission."

OSIRIS-REx is scheduled to launch in the fall of 2016, rendezvous with the asteroid Bennu in 2018 and spend a year of reconnaissance at the asteroid, before collecting a sample of at least 2 ounces (60 grams) and returning it to Earth for scientists to study in 2023.

"The OSIRIS-REx team has consistently demonstrated its ability to present a comprehensive mission design that meets all requirements within the resources provided by NASA," said principal investigator Dante Lauretta, from the University of Arizona's Lunar and Planetary Laboratory. "Mission CDR was no exception. This is a great team. I know we will build a flight and ground system that is up to the challenges of this ambitious mission."

NASA's Goddard Space Flight Center will provide overall mission management, systems engineering, and safety and mission assurance for OSIRIS-REx. The University of Arizona leads the effort and provides the camera system and science processing and operations center. Lockheed Martin Space Systems in Denver will build the spacecraft, the sampling and Earth-return system, and perform spacecraft mission operations. OSIRIS-REx is the third mission in NASA's New Frontiers Program, which is managed by the Marshall Spaceflight Center.

Headquartered in Bethesda, Md., Lockheed Martin is a global security and aerospace company that employs approximately 115,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The Corporation's net sales for 2013 were $45.4 billion.

For more information about the OSIRIS-REx mission:

To participate in "Messages to Bennu," go to: http://planetary.org/bennu

VIDEO: Asteroids and the OSIRIS-REx Mission http://www.youtube.com/watch?v=HLz1CeBKb7M

Media Contact: Gary Napier, Lockheed Martin Space Systems Company(303) 971-4012; gary.p.napier@lmco.com

SOURCE Lockheed Martin

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

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