Lockheed Martin's Strategic Acquisition of Terran Orbital
Thursday, 15 August 2024, 14:04
Lockheed Martin Acquires Terran Orbital
Lockheed Martin is set to acquire Terran Orbital, a prominent satellite maker, in a significant deal valued at $450 million. This acquisition is poised to take Terran private, following Lockheed's existing ownership of a 28.3% stake in the company.
Details of the Acquisition
- The acquisition is expected to be finalized before the end of 2024.
- This strategic move underscores Lockheed’s ambition to enhance its capabilities in the satellite manufacturing landscape.
Conclusion
This acquisition not only strengthens Lockheed's portfolio but also impacts the broader landscape of the satellite production industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.