spacetoday.net: space news from around the webin association with SpaceNews


Lockheed Martin offers to buy Terran Orbital
Posted: Sat, Mar 9, 2024, 9:19 AM ET (1419 GMT)
Lockheed Martin is offering to buy the two-thirds of smallsat manufacturer Terran Orbital it does not already own. Lockheed disclosed March 1 that it made an offer to buy the outstanding shares of Terran Orbital for $1 each, as well as pay more than $70 million to acquire stock warrants and $313 million to assume or repay Terran Orbital debt. Lockheed would spend more than $500 million if the deal is approved. Lockheed is the largest customer of Terran Orbital, buying its spacecraft for Space Development Agency contracts and other programs. Lockheed had also invested in the company, with its stake growing to a third of the company by 2022. Terran Orbital did not immediately comment on the offer.
<<previous article   next article>>
news in brief

Rocket Lab wins contract for NASA smallsat mission
Posted: Sun, May 18 9:18 AM ET (1318 GMT)


news links
Thursday, May 22
South Africa needs Starlink
MyBroadband — 6:46 am ET (1046 GMT)
Elon Musk’s Starlink internet speed drops fastest in Kenya
Business Daily Africa — 6:46 am ET (1046 GMT)
New frontiers of Southeast Asian space diplomacy
Australian Strategic Policy Institute — 6:43 am ET (1043 GMT)
Space Force losing 14% of its civilian workers
Defense One — 6:43 am ET (1043 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list