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

Lockheed Martin has completed its $450 million acquisition of Terran Orbital, a small satellite manufacturer and its subsidiary Tyvak International. This merger aims to enhance Lockheed's space capabilities by integrating Terran's customizable spacecraft with its own mission systems expertise. 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.

October 30, 2024
12 Articles

Further Reading