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 email@example.com SOURCE Lockheed Martin
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV