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Lockheed to Offer Refund for Space Launch Service Disruptions

Lockheed to Offer Refund for Space Launch Service Disruptions - top government contractors - best government contracting event

Lockheed Martin BlueLockheed Martin‘s commercial launch services business will offer a refund or a reflight service to customers if any space launch vehicle malfunction occurs.

The program is subject to certain exceptions and applies to all non-U.S. government space launch service contracts, Lockheed said Tuesday.

LMCLS launched the program to eliminate the need for customers to negotiate or acquire space insurance on their own, according to Lockheed.

The business offers Atlas and Athena rocket launch services for both small and multi-payload satellite missions.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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