Space Industry Can Become Britain’s ‘Economic Engine,’ Says Lockheed Martin
- US defense company looks to UK firms, universities for growth
- ‘I want space to be an economic engine’: Lockheed’s Lightfoot
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Lockheed Martin said Britain’s space industry has the potential to fuel faster economic growth, with the US aerospace company planning to work with UK firms and universities to meet growing demand for rocket launches and satellites.
“Space is just going to continue to increase in terms of the demand signal,” said Lockheed Martin Space President Robert Lightfoot on Wednesday during an interview at the Farnborough International AirShow. British companies could “fill the void” in parts of the space sector’s global supply chain, which is still struggling to meet demand after Covid.