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Lockheed Martin May Build UK Satellite Facility, Telegraph Says

An artist's rendering of a Lockheed Martin GPS II-R satellite. 

Source: Lockheed Martin

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Lockheed Martin Corp. has outlined plans to build a satellite factory in the UK, which would be its first such facility outside of the US, according to a reportBloomberg Terminal in the Telegraph.

The Maryland-headquartered defence company has been looking into suppliers around the northern city of Newcastle, an emerging hub for space technology, said the company’s UK Chief Executive Paul Livingston.