Lockheed Martin-Built GOES-U Weather Satellite Successfully Launched

Rhea-AI Summary

On June 25, 2024, Lockheed Martin announced the successful launch of the GOES-U weather satellite from NASA's Kennedy Space Center, marking the completion of NOAA's GOES-R series. Lifted by a SpaceX Falcon Heavy rocket, the satellite deployed its solar array and established communications. GOES-U will be renamed GOES-19 and will provide advanced weather imagery, atmospheric measurements, and lightning mapping over North America's East Coast. Lockheed Martin's Advanced Technology Center designed key instruments, including the Geostationary Lightning Mapper and Solar Ultraviolet Imager, enhancing weather forecasting and space weather monitoring. NOAA manages the GOES-R series, with NASA overseeing spacecraft and instrument development. Post-GOES-U, Lockheed Martin will develop the GeoXO constellation for NOAA, offering more accurate weather forecasting into the 2030s.

Positive

• Successful launch of GOES-U satellite, completing NOAA's GOES-R series.
• Enhanced weather forecasting and severe storm tracking capabilities with advanced instruments.
• Lockheed Martin's selection for the development of the GeoXO constellation, indicating future business opportunities and sustained revenue.

Negative

• None.

Insights

Financial Analyst

Lockheed Martin's successful launch of the GOES-U weather satellite marks the culmination of a 16-year project to enhance weather forecasting capabilities in the U.S. This achievement underscores Lockheed Martin's engineering prowess and reliability in delivering critical national infrastructure. The contract for developing and launching the GOES-R series is a significant revenue stream for Lockheed Martin, reflecting its capability to secure and execute large-scale government projects. For retail investors, this successful deployment not only reinforces Lockheed Martin's reputation but also hints at continued future contracts, as evidenced by their selection to develop the GeoXO constellation. These sustained contracts can translate into steady revenue growth and long-term financial stability for the company.

Market Research Analyst

From a market perspective, the launch of GOES-U has broader implications for Lockheed Martin's positioning within the aerospace and defense sector. The successful completion of this project demonstrates the company's capabilities in space technology, an area increasingly prioritized due to its strategic importance. Beyond weather forecasting, these satellites play a role in disaster preparedness and resource management, sectors with growing investment due to climate change. Investors should note that Lockheed Martin is diversifying its portfolio into critical infrastructure, which can buffer against cyclical fluctuations in traditional defense spending. This diversification strategy can enhance the company's market resilience, making it a potentially attractive investment in the long term.

NOAA's newest satellite will complete the GOES-R series and provide critical weather and climate data

KENNEDY SPACE CENTER, Fla., June 25, 2024 /PRNewswire/ -- An advanced weather satellite built by Lockheed Martin [NYSE: LMT] for the National Oceanic and Atmospheric Administration (NOAA) launched today from NASA's Kennedy Space Center at 5:26 p.m. ET. Lifted to space aboard a Space X Falcon Heavy rocket, the GOES-U satellite successfully deployed its large solar array to generate electrical power and has established communications with mission operators.

GOES-U is the final satellite in NOAA's Geostationary Operational Environmental Satellites (GOES) - R series of four satellites. After it reaches geostationary orbit, approximately two weeks after launch, GOES-U will be renamed GOES-19. Once in operations over the East Coast of North America, the satellite be known as GOES East, and will provide advanced weather imagery, atmospheric measurements and real-time mapping of lightning activity, in addition to critical space weather observations.

"The launch of GOES-U is the culmination of more than 16 years of designing, building and launching four important weather satellites for our nation," said Jagdeep Shergill, GOES-U program manager and director of Geo Weather Programs at Lockheed Martin. "Since the launch of the first GOES-R satellite, our nation has had more accurate weather forecasts and more timely severe storm warnings, and this critical service has positively affected everyone in the U.S."

NOAA's GOES-R satellites, and soon GOES-U, provide crucial data for weather forecasting, severe storm tracking and climate monitoring. With their advanced instruments and rapid updates, they improve detection of atmospheric phenomena like hurricanes, wildfires and lighting. This real-time data aids the National Weather Service and meteorologist in early warnings, disaster preparedness and resource management, ultimately saving lives and mitigating economic losses.

The GOES-U spacecraft features two high-tech instruments built by Lockheed Martin's Advanced Technology Center in Palo Alto, California:

• Geostationary Lightning Mapper (GLM), which is a first-of-its-kind operational lightning mapper that tracks lightning across the U.S. in real-time. GLM allows meteorologists to quickly identify intensifying storms and take appropriate action. In 2020, GLM captured a lightning megaflash nearly 500 miles long that broke the world record for longest lightning flash.
• Solar Ultraviolet Imager (SUVI), focuses on space weather and measures the sun in extreme ultraviolet wavelength range. SUVI is essential to understanding active areas on the sun and predicting solar events that may disrupt power utilities, communication or navigation systems here on Earth.

GOES-U is the final satellite of the GOES-R series which will provide critical weather and climate date into the 2030s. Following GOES-U, Lockheed Martin was selected by NASA to develop the nation's next generation weather satellite constellation, Geostationary Extended Observations (GeoXO), for NOAA. GeoXO's new capabilities will deliver more accurate weather forecasting and address emerging environmental issues and challenges. GeoXO, the GOES-R series and the nation's weather satellites are vital infrastructure for national resilience.

NOAA funds, manages and will operate the GOES-R series satellites. NASA oversees the acquisition and development of the GOES-R spacecraft, instruments and launch vehicles. The program is co-located at NASA's Goddard Space Flight Center in Greenbelt, Maryland.

Check out additional GOES-U imagery here and b-roll video here.

About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security^® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.

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SOURCE Lockheed Martin

FAQ

What was the launch date of the GOES-U weather satellite?

The GOES-U weather satellite was launched on June 25, 2024.

Which rocket was used to launch the GOES-U satellite?

The GOES-U satellite was launched aboard a SpaceX Falcon Heavy rocket.

What is the new name for the GOES-U satellite once it reaches geostationary orbit?

Once in geostationary orbit, the GOES-U satellite will be renamed GOES-19.

What capabilities will GOES-U provide over North America?

GOES-U will provide advanced weather imagery, atmospheric measurements, and real-time lightning mapping over North America's East Coast.

What significant instruments are onboard the GOES-U satellite?

The GOES-U satellite features the Geostationary Lightning Mapper and Solar Ultraviolet Imager.

Which organization manages the GOES-R series satellites?

NOAA manages the GOES-R series satellites.

What future weather satellite constellation will Lockheed Martin develop post-GOES-U?

Lockheed Martin will develop the Geostationary Extended Observations (GeoXO) constellation for NOAA post-GOES-U.

How does the GOES-U satellite benefit weather forecasting?

The GOES-U satellite enhances weather forecasting by providing real-time data on atmospheric phenomena, aiding early warnings, and disaster preparedness.