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comsat
Last modified: Wednesday, September 05, 2007
(1) Capitalized, COMSAT is Short for Communications Satellite
Corporation, the company that was created in 1962 with the passage of the
Communications Satellite Act. COMSAT was established as a carrier's carrier,
meaning it cannot sell satellite circuits directly to customers, but only to
wholesale communications carriers for resale. In August 2000 Lockheed
Martin Corp., which owned 49 percent of the satellite company, was the successful
purchaser of all the remaining shares of Comsat Corp. Today COMSAT still sells
satellite circuits. However, it also operate as the United States signatory to
Intelsat and Inmarsat.
Lockheed Martin Corporation Lockheed Martin Corporation, an advanced technology company, was formed in March 1995 with the merger of two of the world's premier technology companies, Lockheed Corp. and Martin Marietta Corp.
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