Lockheed to offer Refund or Reflight in the Event of Partial or Total Launch Vehicle Malfunction

©Lockheed Martin

File photo: Atlas ICO launch.

Lockheed Martin Commercial Launch Services (LMCLS), a wholly-owned subsidiary of Lockheed Martin, announced today at Satellite 2014 a new program that will either offer a 100% space launch vehicle refund or reflight in the event of a partial or total launch vehicle malfunction.

According to Lockheed this is an industry first. The program is subject to certain terms, conditions and exclusions and does not apply to U.S. government contracts.

Our customers expect superior service and can't afford anything less than 100 percent mission success," said Robert R. Cleave, president and chairman of the board of LMCLS. "Our Atlas launch vehicle has an unparalleled track record of reliability and performance. With the addition of this program, we're offering customers complete peace of mind."

LMCLS is the exclusive provider of all non-U.S. government Atlas launch services and also offers Athena launch services for small satellites and multi-payload RideShare missions.

"We know how much our customers value affordability and assured access to space," added Cleave. "This program demonstrates Lockheed Martin's confidence in the Atlas launch vehicle, while saving customers costs and hassle. It also streamlines the launch process, allowing customers to focus on the success of their payloads and their businesses."

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