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flag Lockheed Martin acquires Terran Orbital, a small satellite manufacturer, for $450 million.

flag Lockheed Martin has completed its $450 million acquisition of Terran Orbital, a small satellite manufacturer and its subsidiary Tyvak International. flag This merger aims to enhance Lockheed's space capabilities by integrating Terran's customizable spacecraft with its own mission systems expertise. flag Terran Orbital will continue operating under its name and will provide comprehensive satellite solutions for military, civil, and commercial clients while addressing previous financial challenges.

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