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UK backs Lockheed Martin plans for satellite launch in Shetland - Metro US

UK backs Lockheed Martin plans for satellite launch in Shetland

Lockheed Martin's logo is seen during Japan Aerospace 2016 air show in Tokyo

LONDON (Reuters) – Britain said it had approved plans for U.S. defence company Lockheed Martin <LTM.N> 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.

(Reporting by Sarah Young; editing by James Davey)

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