Global security and aerospace company Lockheed Martin last week announced the completion of two important acquisitions of assets – the Astrotech Space Operations business of Astrotech Corporation and the Sun Catalytix Corporation of Cambridge, Massachusetts.
Astrotech Space Operations is a leader in satellite launch preparation services, from final testing and fuelling to encapsulation and day-of launch operations, while Sun Catalytix Corporation is an energy storage technology company focused on developing safe, low-cost flow battery systems based on novel, aqueous chemistries discovered and developed in-house.
Lockheed Martin announced the acquisition of Astrotech Space Operations in May 2014.
“Astrotech Space Operations will be a wholly-owned subsidiary of Lockheed Martin reporting through the Corporation’s Space Systems business area. The terms of the transaction are not material to Lockheed Martin,” the company said in a press release.
Astrotech Space Operations has over 300 successful spacecraft missions to date and provides all support necessary for successful spacecraft processing to prepare for launch on a variety of US and international launch vehicles.
The acquisition of substantially all of the assets of Sun Catalytix Corporation complements the existing Lockheed Martin capabilities in the area of energy management and efficiency.
“The purchase includes certain intellectual property, contracts, facilities and the transfer of the company’s approximately 25 employees to Lockheed Martin,” the company stated.
The new operation will be known as Lockheed Martin Advanced Energy Storage, LLC and will be a wholly-owned subsidiary of Lockheed Martin reporting through the Corporation’s Missiles and Fire Control business area.