Palo Alto, Calif. ó October 20, 2004 ó Frost & Sullivanís September 2004 research service, GEO Satellite Reliability distinguishes Lockheed Martinís A2100 commercial satellite bus as one with the lowest rate of anomalies resulting in insurance claims per percentage of satellites in service. The company has reduced technical and market risk for customers by paying attention to detail in the design and construction of satellites that improve reliability and profitability.
The A2100 is built by Lockheed Martinís Commercial Space Systems business unit (LMCSS). LMCSS is the outcome of a series of mergers over the past 18 years. Its heritage includes RCA Astro-Electronics, GE Space Systems Division, GE Astro Space/Martin Marietta Astro Space, and Lockheed Martinís own satellite manufacturing operations.
In 2003, the company confirmed its commitment to developing its core competence as an aerospace manufacturer and continued to operate in the commercial satellite manufacturing industry. Lockheed Martin has also invested in a production and test facility at its Commercial Space Systems headquarters in Newtown, PA that features state-of-the-art production, test, integration, and assembly facilities for its A2100 bus.
Commending the A2100 for its payload adaptability that supports a broad range of applications and considering it to be the most dependable satellite now available for a majority of satellite services, Frost & Sullivan presents the company with the 2004 Satellite Reliability Award Ė Fewest Claims.
"Proven reliability has a number of benefits for satellite operators," remarks Max Engel, Industry Analyst with Frost & Sullivan. "The most obvious advantage is that the longer a satellite remains in operation, the greater the revenue it is anticipated to generate."
Satellite failures are expensive in terms of replacement costs and the resultant disruption of business plans can have negative consequences beyond the immediate loss of revenue. Moreover, since the costs of interruptions in satellite availability are not easily recovered, a satellite bus that minimizes the risk of disruption or failure is of greater value to the global satellite community.
LMCSSís singular focus on superior manufacturing and technology is the basis of the A2100ís operational and marketplace success. The company has displayed excellence in the production of flexible and reliable GEO communications satellites that provide service with fewer interruptions than competitors do. Frost & Sullivan attributes the superior claim record of the A2100 these to these efforts and is therefore awarding LMCSS the 2004 Frost & Sullivan 2004 Satellite Reliability Award.
This award is presented each year to the company that has exhibited market leadership through the implementation of superior satellite design and manufacture.
About Lockheed Martin Commercial Space System
Headquartered in Bethesda, Md., Lockheed Martin employs about 130,000 people worldwide and is principally engaged in the research, design, development, manufacture and integration of advanced technology systems, products and services. The Corporation reported 2003 sales of $31.8 billion.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company founded in 1961, partners with clients to create value through innovative growth strategies. The foundation of this partnership approach is our Growth Partnership Services platform, whereby we provide industry research, marketing strategies, consulting, and training to our clients to help grow their business. A key benefit that Frost & Sullivan brings to its clients is a global perspective on a broad range of industries, markets, technologies, econometrics, and demographics. With a client list that includes Global 1000 companies, emerging companies, as well as the investment community, Frost & Sullivan has evolved into one of the premier growth consulting companies in the world.