Posted: Sun, Nov 3, 2024, 9:57 AM ET (1457 GMT)
Lockheed Martin has completed its acquisition of smallsat manufacturer Terran Orbital. Lockheed said Wednesday it closed the deal, announced in mid-August and valued at about $450 million. Terran Orbital, now formally known as "Terran Orbital, a Lockheed Martin Company," will continue to serve as a merchant supplier of smallsats for customers beyond Lockheed, which had been a key customer and partner. Terran Orbital was among the space companies that went public through SPAC mergers but which then struggled in the public market.

Related Links:

•  SpaceNews article
•  Breaking Defense article
•  Lockheed Martin press release