Lockheed Martin looks to acquire spacecraft maker Terran Orbital for nearly $600 million
Publishing timestamp: 2024-03-01 17:57:51
Summary
Lockheed Martin submitted a bid to acquire spacecraft manufacturer Terran Orbital for just below $600 million, after Terran went public via SPAC in early 2022 at a $1.8 billion valuation. Lockheed already holds a significant stake in Terran and is its largest revenue generating customer.
Sentiment: NEUTRAL
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