Slashing satellite and space launch programs would displace the United States as the world’s leading power within decades, said speakers at a space forum on Capitol Hill. Steven Bucci, a Heritage Foundation senior research fellow, viewed satellite capabilities as fundamental components of America’s military might. A lapse in “continually evolving” space technologies would ripple out, limiting current and future capabilities, he said during the July 26 event, which the TechAmerica Space Enterprise Council and Marshall Institute sponsored. Joel Arends, an Iraq war veteran and founder of Veterans for a Strong America, noted the importance of GPS and newer technologies that give soldiers a bird’s eye view of a battle in real time. “The biggest recipient of space-based technology were guys like me,” he said. (Marshall Institute webpage of event, with video link.)
Lockheed Martin projects more than a billion dollars of losses on a classified program, but company officials said April 23 they are confident it will turn profitable by 2028 and become a "franchise" system in the U.S. military.