LMT · News · 20261106N

Skynet Satellite Contract Bid

LOCKHEED MARTIN CORP · 2026-11-06 · Importance 52 · Surprise 42

Lockheed Martin is proposing to build a new generation of military communications satellites at the North East Technology Park in County Durham for Britain’s Skynet system. The proposed facility is expected to create 500 skilled jobs and establish a space expertise hub in the region. The opportunity depends on the UK Ministry of Defence awarding Lockheed’s UK subsidiary a £2 billion contract to run Skynet, amid controversy over the prospect of a U.S. supplier winning the deal.