An artist rendition of a Lockheed Martin-built GPS 3F satellite. Credit: Lockheed Martin

TAMPA, Fla. — Lockheed Martin is looking to set up a satellite manufacturing base in the United Kingdom to expand its global space business, the U.S.-based aerospace and defense giant said March 1.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...