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.