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Lockheed
Martin Will Not Continue X-33 / VentureStar Development
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Lockheed Martin
responded to the NASA termination of funding for X-33/VentureStar
with a statement that the business case didn't support continued
development  without
government assistance. Funding for X-33 will end at the end of March
when a cooperative agreement between NASA and Lockheed Martin
expires. Lockheed Martin invested US$357 million in X-33.
Lockheed Martin
said it was too early to determine whether there will be layoffs or
reassignments within the company as a result of X-33's demise. Of
the company's 170,000 employees, 174 in California and Louisiana
worked on X-33. Lockheed Martin will focus on transferring its X-33
technologies to other programs.
Lockheed
Martin is competing for funds to develop other Space Launch
Initiative technologies apart from the X-33 program.
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