FARNBOROUGH, UK (UKSA PR) — Lockheed Martin and Orbex are investing in space launch operations and bringing innovative new technology to Britain, Business Secretary Greg Clark announced today (Monday 16 July) during the Farnborough International Airshow.
- Lockheed Martin to establish vertical launch operations in Sutherland, Scotland and develop innovative technologies in Reading, Berkshire with support from two UK Space Agency grants totalling £23.5 million
- A further £5.5 million will go to British company Orbex to build an innovative new rocket for launch from Sutherland, as part of Government’s modern Industrial Strategy
- This builds on awards of £2.5m to Highlands and Islands Enterprise to develop a vertical launch spaceport in Sutherland and a £2m development fund for horizontal spaceports such as those planned in Cornwall, Glasgow Prestwick and Snowdonia
- Government support for launch is the first step towards a potential Space Sector Deal and the development of a national space programme