Lockheed Martin Set to Acquire Terran Orbital for $450 Million - Space Information Aggregator - spaceinfo@libera.site

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Lockheed Martin Set to Acquire Terran Orbital for $450 Million

2024-08-16 01:03:04

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#^Lockheed Martin Set to Acquire Terran Orbital for $450 Million

Los Angeles CA (SPX) Aug 16, 2024
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Lockheed Martin [NYSE: LMT] has announced a definitive agreement to acquire Terran Orbital [NYSE: LLAP], a leading provider of satellite-based solutions primarily serving the aerospace and defense sectors. The transaction, valued at approximately $450 million, is expected to be finalized in the fourth quarter of 2024, pending regulatory and stockholder approvals. Terran Orbital, known for