Astrotech Corp., founded in 1984, completed the sales of all of its Astrotech Space Operations assets and properties for $61 million to Lockheed Martin Corp.
The Austin-based company, formerly Spacehab, provides commercial space products and services to NASA, the Department of Defense and other customers.
“I would like to take this opportunity to thank our shareholders for the continued support of our vision of the future for Astrotech,” Thomas B. Pickens III, Chairman and Chief Executive Officer of Astrotech said in a news release. “We are now better positioned to focus on building shareholder value as a worldwide leader in the application of mass spectrometry sensors to the security, process control, laboratory and environmental markets. We believe we have the fastest, smallest, highest performing and most economical miniaturized mass spectrometer solution that is versatile enough to be easily integrated within a wide variety of markets.”