Lockheed Martin To Spend $350 Million On A Futuristic Satellite Factory

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Lockheed Martin is spending big money to build the next generation of satellites.

The defense and aerospace company announced 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 (LMT) says will allow it to make satellites faster and for less money.

The Maryland company has already been boosting its ranks of engineers and support staff at the Colorado-based space division, having added around 750 jobs since 2014. It says the new building will “accommodate that recent growth and new future projects.” Read more at CNN.

{Matzav.com}

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