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Space

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…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]