Lockheed Martin Ventures Invests in ABL Space Systems

EL SEGUNDO, Calif., (ABL Space Systems PR) — ABL Space Systems Company, the California-based developer of the RS1 launch vehicle, announced today that it has closed a strategic investment from Lockheed Martin Ventures.

Founded in 2017, ABL completed its first development vehicle in 2018. More recently, the company conducted a series of successful tests of the E2 bipropellant rocket engine at Spaceport America in Truth or Consequences, New Mexico. The investment follows ABL’s recent announcement of an improved 1,200 kilogram payload capacity and $12 million price of RS1.

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ABL Space Systems Signs Lease to Begin Operations in Camden County

ST. MARYS, Ga. (Camden County JDA) — This afternoon, at the site of the former St. Marys airport, ABL Space Systems (ABL), the City of St. Marys, and the Joint Development Authority of Camden County (JDA) agreed to terms on a lease that will allow ABL to begin business in Camden County, Georgia. The ABL lease agreement signals another step toward establishing Camden County as the Commercial Space Center of the United States.

Under the terms of today’s agreement, the Camden County JDA will lease the former St. Marys airport property from the City of St. Marys along with a former aircraft hangar adjacent to the airport from a private owner. The JDA will make minor improvements to the sites and sub-lease both properties to ABL.

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Camden County Signs MOU with ABL Space Systems

WOODBINE, GEORGIA, (Camden County PR) – Steve Howard, Camden County Administrator and Spaceport Camden Project lead announced today that ABL Space Systems has signed a memorandum of understanding (“MOU”) with Camden County officials to explore future launch operations at Spaceport Camden. The MOU outlines how ABL Space Systems will work with Spaceport Camden to test, manufacture, assemble, and launch orbital vehicles in Camden County. The MOU is a precursor to a larger definitive agreement to be negotiated and signed no later than July 31, 2019.

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