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Lockheed Martin's Advanced Technology Center Changes Name To STAR Labs

Stocks in this article: LMT

PALO ALTO, Calif., May 8, 2014 /PRNewswire/ -- The research and development center at Lockheed Martin [NYSE: LMT] responsible for space technology innovation is changing its name to the Space Technology Advanced Research and Development Laboratories, or STAR Labs. The organization leads advanced research and development projects, from solar studies and nano applications to 3-D printing and communications research. 

"The STAR Labs name sharpens our focus on the mission we've been proud to pursue for 50 years: shaping the future of our country's space programs," said Dr. Kenneth Washington, STAR Labs vice president. "We continue to solve hard technical problems and build first-of-a-kind prototypes, and we do it with renewed purpose in helping our customers' space programs be ready for tomorrow."

STAR Labs has made a marked difference in the space industry, even recently. Its scientists showed the potent capability of small satellites with IRIS, demonstrated dramatic cost and schedule savings with additive manufacturing and created the smallest cryocooler ever, making compact sensor payloads possible.

The principle site for Lockheed Martin's STAR Labs is in Palo Alto, California, which served as the main facility under the previous name, the Advanced Technology Center. Additionally, the organization operates laboratories in Sunnyvale, California; Louisville, Colorado; Billerica, Massachusetts; and Manassas, Virginia. Lockheed Martin's Space Systems division has operated a research center since 1956, and the Palo Alto site recently received a major reinvestment with the opening of a new 82,000 sq. ft. lab building.

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 113,000 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.

Learn more about Lockheed Martin at www.lockheedmartin.com

Media Contacts: Mark Lewis  Office: 408-742-3516  Mobile: 408-203-8093  mark.e.lewis@lmco.com

SOURCE Lockheed Martin

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 This material may not be published, broadcast, rewritten or redistributed.

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