spacetoday.net: space news from around the webin association with SpaceNews


Lockheed Martin to acquire Terran Orbital
Posted: Sun, Aug 18, 2024, 12:06 PM ET (1606 GMT)
Lockheed Martin will acquire small satellite manufacturer Terran Orbital. The companies announced Thursday a deal where Lockheed will pay $0.25 per share and retire Terran's debt. Lockheed, which already owns one-third of Terran, had offered $1 a share for the company in March but withdrew the offer two months later. The companies said that Terran Orbital will continue to be a "commercial merchant supplier to industry" of smallsats, although Lockheed makes up more than 90% of Terran's funded backlog today. Terran Orbital said earlier in the week it was considering a range of strategic options that included a sale of the company as its cash reserves dried up.
<<previous article   next article>>
news in brief
SpaceX launches Starlink satellites from Florida
Posted: Sat, Nov 9 10:00 AM ET (1500 GMT)


Gilmour Space gets Australian launch license
Posted: Sat, Nov 9 9:53 AM ET (1453 GMT)

news links


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list