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Lockheed Martin Debuts Crescent Space Subsidiary and Parsec Lunar Constellation

By Rachel Jewett

Wednesday, March 29th, 2023

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Lockheed Martin Debuts Crescent Space Subsidiary and Parsec Lunar Constellation

Lockheed Martin Curio deep space satellite bus. Photo: Lockheed Martin

Lockheed Martin [LMT] unveiled a new subsidiary Crescent Space on Tuesday, focused on providing infrastructure for lunar missions. The company will operate a constellation of small constellation of lunar satellites for a service called Parsec, to provide connectivity between Earth and people and assets in lunar orbit and on the Moon, and position, timing, and navigation (PNT) services for lunar missions. Lockheed Martin will produce and deliver the Parsec spacecraft to Crescent, and the first nodes are expected to launch in…

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