Terran Orbital considers a $600m takeover bid from Lockheed Martin, its 28.3% stakeholder.
Terran Orbital, a satellite maker, is evaluating its future options, including a takeover bid from Lockheed Martin, which values the company at nearly $600m. Terran Orbital CEO Marc Bell has said they are running a continuous, deadline-free process to maximise value for shareholders. Lockheed Martin already holds a 28.3% stake in Terran Orbital and has been a partner of the company for many years.
March 08, 2024
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