Lockheed Martin proposes acquiring Terran Orbital.

Lockheed Martin has submitted a bid to acquire spacecraft manufacturer Terran Orbital for nearly $600M, according to a securities filing. The defense giant's nonbinding proposal includes acquiring Terran Orbital's outstanding common stock at $1 a share in cash, paying $70M for Terran's outstanding warrants, and assuming its $313M in outstanding debt. Terran Orbital went public via a SPAC in early 2022 at a $1.8B valuation.

March 01, 2024
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