Get the latest tech news
Lockheed Martin offers to acquire Terran Orbital
Lockheed Martin has proposed acquiring smallsat company Terran Orbital, which it already owns a stake in and does business with, for more than $500 million.
WASHINGTON — Lockheed Martin has proposed acquiring smallsat manufacturer Terran Orbital, which it already owns a stake in and does business with, for more than $500 million. In a U.S. Securities and Exchange Commission filing late March 1, Lockheed disclosed its offer to Terran Orbital building upon previous discussions between the companies facilitated by investment firm Jefferies LLC. “Terran’s superior capabilities and business momentum align with one of Lockheed Martin Space’s strategic growth priorities and the Transaction would accelerate that strategy.”
Or read this on r/technology
