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flag Lockheed Martin proposes acquiring Terran Orbital.

flag Lockheed Martin has submitted a bid to acquire spacecraft manufacturer Terran Orbital for nearly $600M, according to a securities filing. flag 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. flag Terran Orbital went public via a SPAC in early 2022 at a $1.8B valuation.

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