UK backs Lockheed Martin plans for satellite launch in Shetland

Reuters

Published Oct 22, 2020 04:47AM ET

LONDON (Reuters) - Britain said it had approved plans for U.S. defence company Lockheed Martin (N:LTM) to move its satellite launch operations to Shetland Space Centre, off the coast of northern Scotland.

Britain is trying to build up its position as a destination of choice for small satellite launches in Europe and said Lockheed's plans could create hundreds of jobs.