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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Very Low Earth Orbit satellite builder Albedo has expanded its strategic advisory board, which was formed in May 2023. Rick Ambrose, former executive vice president of the space business at Lockheed Martin, and retired U.S. Army Lt. Gen. Pat O'Reilly, vice president of corporate strategy at L3Harris Technologies, are the new members of the advisory board, Albedo said Monday.

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Lockheed Martin has unveiled a new line of tactical intelligence, surveillance and reconnaissance satellites that could help warfighters pursue mobile targets at long ranges while operating in denied environments. The tactical ISR satellites are based on the company’s LM 400 satellite bus, can connect with other battle management and warfighting platforms and can help field new capabilities on orbit in response to changing threats.

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Rick Ambrose, executive vice president of Lockheed Martin's space business segment, has been named to the list of recipients of the 2021 Wash100 Award. He’s received the highest honor in all of government contracting (GovCon) for his significant contributions to the federal sector and space domain and his drive to advance spacecraft development and other space tech capabilities. 

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Lockheed Martin has commenced preparations to launch a midsize demonstration satellite platform designed for communications, weather research and Earth observation missions, Via Satellite reported Friday. Rick Ambrose, executive vice president of Lockheed's space business and a 2021 Wash100 awardee, said the company developed its LM 400 satellite bus hybrid in a push to help customers address evolving mission environments.

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Lockheed Martin and NEC have agreed to expand their partnership to further advance the use of artificial intelligence and machine learning technologies in spacecraft development programs, including NASA’s Orion vehicle for the Artemis mission. "The power of AI is leveraged across our entire enterprise, and with a trusted partner like NEC, we gain the resources to expand its abilities at scale across our internal operations," said Rick Ambrose, executive vice president at Lockheed’s space business and a 2021 Wash100 Award winner.

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