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Closing Bell

Manifest Space: World's Top Weapons Maker Doubles Down on Space with Lockheed Martin Space EVP Robert Lightfoot 4/20/23

Closing Bell

CNBC

News, Business

4.4139 Ratings

🗓️ 20 April 2023

⏱️ 20 minutes

🧾️ Download transcript

Summary

Lockheed Martin’s $11 billion Space division is exploring new frontiers as former NASA Acting Administrator Robert Lightfoot looks to spur innovation - and rapidly.  Morgan speaks with Lightfoot from the Space Symposium as Lockheed Martin stands up its new Ignite unit, bets big on the moon, and continues to compete for multibillion dollar government contracts. Plus, they discuss the company's latest earnings results, opportunity in the startup space and reports of the possible sale of Lockheed Martin & Boeing's joint venture, United Launch Alliance. For more Manifest Space, listen and follow here: https://link.chtbl.com/manifestspace Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Igniting Innovation. That's the push Lockheed Martin's making with its new Ignite Unit. A skunkworks like team tasked with rapidly realizing new space technologies.

0:12.0

We've got several missions that we do for the government,

0:16.0

we have several partners that we work with,

0:18.0

but what they're looking for is they're looking for us to be innovative

0:21.0

because of the threat vector that's out there, they're looking for us to be innovative because of the threat vector that's out there.

0:24.0

They're looking for us to go fast, faster than we may have in the past.

0:27.5

And really how do we transform ourselves after six decades of operating a certain way?

0:32.3

Ignite is the brainchild of Robert Lightfoot,

0:34.4

the executive vice president of Lockheed Martin's space

0:37.0

and a former acting administrator of NASA.

0:39.8

He oversees the entire space portfolio

0:42.2

for the top weapons maker,

0:43.7

a more than 11 billion dollar business last year

0:46.7

that continues to grow, with sales jumping 16%

0:50.0

last quarter contributing to an earning speed. I spoke with Lightfoot at the

0:53.6

Space Symposium, a big industry conference where Lockheed announced the

0:57.4

successful demonstration of its new tech to service satellites on orbit. On this

1:02.1

episode we discuss Ignite as well as the company's

1:05.6

big bet on the moon. I'm Morgan Brennan and this is Manifest Space. Robert Lightfoot of Lockheed Martin, Thank you so much for joining me today.

1:15.3

I'm thrilled to speak with you. So we're here at the Space Symposium, one of the biggest

1:18.8

space conferences of the year. Your message or what you're planning to share about Lockheed Martin

1:25.8

specifically here at this event. Yeah for Lucky Martin space is pretty

...

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