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


Lockheed Martin to acquire Terran Orbital
Posted: Sun, Aug 18, 2024, 12:06 PM ET (1606 GMT)
Lockheed Martin will acquire small satellite manufacturer Terran Orbital. The companies announced Thursday a deal where Lockheed will pay $0.25 per share and retire Terran's debt. Lockheed, which already owns one-third of Terran, had offered $1 a share for the company in March but withdrew the offer two months later. The companies said that Terran Orbital will continue to be a "commercial merchant supplier to industry" of smallsats, although Lockheed makes up more than 90% of Terran's funded backlog today. Terran Orbital said earlier in the week it was considering a range of strategic options that included a sale of the company as its cash reserves dried up.
<<previous article   next article>>
news in brief

SpaceX launches Indonesia communications satellite
Posted: Sun, Sep 14 4:07 AM ET (0807 GMT)

Soyuz launches Progress cargo spacecraft to ISS
Posted: Sun, Sep 14 4:06 AM ET (0806 GMT)

news links
Thursday, September 18
Rocket Lab Looks To Raise $750M In Share Sale
Aviation Week — 1:53 am ET (0553 GMT)
Update: SpaceX Launch from Vandenberg Rescheduled Due to Weather
Santa Barbara (CA) Edhat — 1:50 am ET (0550 GMT)


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