Lockheed Martin: to acquire Terran Orbital for $450m
(CercleFinance.com) - Lockheed Martin has announced the acquisition of Terran Orbital, a specialist in satellite solutions for the aerospace and defense industry, for $450m.
Terran Orbital brings robotic manufacturing capabilities and modular space vehicle designs, strengthening Lockheed Martin's offering.
The companies have been working together for over seven years, and this acquisition is designed to accelerate technological development and meet growing customer needs.
The transaction, which includes the purchase of Terran Orbital's shares and debt, is expected to close by the end of 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Terran Orbital brings robotic manufacturing capabilities and modular space vehicle designs, strengthening Lockheed Martin's offering.
The companies have been working together for over seven years, and this acquisition is designed to accelerate technological development and meet growing customer needs.
The transaction, which includes the purchase of Terran Orbital's shares and debt, is expected to close by the end of 2024.
Copyright (c) 2024 CercleFinance.com. All rights reserved.