Lockheed Martin to build $350M futuristic satellite factory

Lockheed Martin is spending big money to build the next generation of satellites. The defense and aerospace company announced Wednesday that it has started building a $350 million facility on its Waterton Canyon campus near Denver, Colorado. It's a new 266,000-square-foot "factory of the future" that Lockheed Martin says will allow it to make satellites faster and for less money. The company is a stalwart presence in the satellite and space industries. Right now, for example, it's making GPS III satellites for the U.S. Air Force and a Mars lander for NASA. More

(Source: PA home page - Aug 4)