Lockheed completes sale of ILS
Posted: Thu, Oct 12, 2006, 1:36 PM ET (1736 GMT)
Lockheed Martin has completed the sale of its stake in commercial launch services provider International Launch Services (ILS) as the company begins its latest launch campaign. Lockheed transferred its majority interest in ILS on Wednesday to Space Transport, Inc., a company established by long-time ILS consultant and board member Mario Lemme. Terms of the sale, announced last month, were not disclosed. At the same time ILS announced that Frank McKenna, vice president of ILS, would take over as president of the company, replacing Marc Albrecht, who will retire from Lockheed Martin at the end of the year. ILS markets Russia's Proton launch vehicle to commercial customers, and announced Thursday it was beginning the campaign for its next launch, of Arabsat's Badr 4 satellite, scheduled for November 9. ILS also formerly marketed Lockheed's Atlas 5, but Lockheed retained the rights to sell the Atlas commercially.
Lockheed Martin has completed the sale of its stake in commercial launch services provider International Launch Services (ILS) as the company begins its latest launch campaign. Lockheed transferred its majority interest in ILS on Wednesday to Space Transport, Inc., a company established by long-time ILS consultant and board member Mario Lemme. Terms of the sale, announced last month, were not disclosed. At the same time ILS announced that Frank McKenna, vice president of ILS, would take over as president of the company, replacing Marc Albrecht, who will retire from Lockheed Martin at the end of the year. ILS markets Russia's Proton launch vehicle to commercial customers, and announced Thursday it was beginning the campaign for its next launch, of Arabsat's Badr 4 satellite, scheduled for November 9. ILS also formerly marketed Lockheed's Atlas 5, but Lockheed retained the rights to sell the Atlas commercially.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, September 25
New tests for rendezvous and docking interoperability
ESA — 5:24 am ET (0924 GMT) Poland says Starlink fire was sabotage
POLITICO — 5:23 am ET (0923 GMT) Inside NZ’s little-known role in an international military space operation
Stuff.co.nz — 5:20 am ET (0920 GMT) Iridium Stockholders Approve Acquisition by Rocket Lab
PR Newswire — 5:19 am ET (0919 GMT) SpaceApps Hitches Blue Origin MK1 Lander Ride For Lunar Rover Mission
Aviation Week — 5:17 am ET (0917 GMT) |
