Lockheed Martin bids for £2.4bn satellite contract, proposing Durham factory
- Reports
- 2
- Developments
- 2
- Repetition
- 0%
New informationRepeats or wire copies
What happened
Lockheed Martin submitted a bid for the £2.4bn Skynet 6 contract, which involves manufacturing military satellites for the British armed forces until 2042. Lockheed Martin's proposal includes establishing a new factory in Durham. Airbus, which currently operates the Skynet 5 system, has opposed the bid, with its chief executive writing to the prime minister regarding the potential impact of the decision.
From theguardian.com
Why it matters
The contract is for the UK’s sovereign military satellites, and the decision is currently pending between Andy Burnham and John Healey. Airbus warned that choosing Lockheed Martin could affect the UK’s long-term strength in the European military satellite industry.
From theguardian.com
Who's involved
- Lockheed MartinUS aerospace manufacturer bidding for the Skynet 6 satellite contract.
- Guillaume FauryChief executive of Airbus, who is lobbying against the Lockheed Martin bid.
- Airbus SASEuropean aircraft manufacturer competing against Lockheed Martin for the contract.
- Andy BurnhamBritish politician involved in the final decision regarding the contract.
- John HealeyBritish politician whose oversight includes the £2.4bn contract decision.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Lockheed MartinSpeculative
Lockheed Martin could secure significant revenue and expand its manufacturing base with the contract and new factory.
- EnglandSpeculative
England might see a boost to its industrial base through the large defense contract and factory investment.
- Airbus SASSpeculative
Airbus might face competitive pressure and potential loss of contracts due to the competition.
- Durham County CouncilSpeculative
Durham County Council could see increased local tax revenue from the new factory investment.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- New Lockheed Martin factory may boost Durham's economyNew Lockheed Martin factory could bring £100m investment to DurhamPossible
- How could Lockheed Martin's bid for the Skynet 6 contract affect Boeing?Lockheed Martin's success in the UK satellite contract may strengthen its global defense positionPossible
- Lockheed Martin bid could bring investment and jobs to EnglandLockheed Martin's bid may boost England's industrial base with new factoryPossible
- Airbus may lose UK satellite contract, threatening 3,000 jobsAirbus SAS faces potential site closures if it loses the £2.4bn satellite contractPossible
- How could Lockheed Martin's bid for the Skynet 6 contract affect 10 Downing Street?The Skynet 6 contract decision could reshape UK defense and space policy.Possible
How it developed
Newest first. Tap a step to see who reported it.Lockheed Martin commits to satellite manufacturing plant in North East England.1 source
Lockheed Martin proposes a Durham factory for a satellite contract, prompting Airbus opposition.1 source
Keep exploring
The entities involved
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Lockheed Martin
US aerospace and defense manufacturer
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Andy Burnham
British politician (born 1970)
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Durham
city and the county town of County Durham in North East England