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Defense Watch: Terran/Lockheed Deal Kaput, New Satellite Constellation, AI Funding, Gaetz Draws GOP Challenger

Defense Daily Staff Defense Daily Staff
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No Deal. Lockheed Martin last Tuesday withdrew its proposed offer to acquire satellite designer and manufacturer Terran Orbital. Lockheed Martin on March 1 had offered to acquire Terran for $1 per share, and pay off debt liabilities and outstanding warrants, which combined represented a $606 million enterprise offer. Terran on May 2 filed Lockheed Martin’s notice of withdrawal with the Securities and Exchange Commission. That evening, Terran confirmed it continues to review all options to maximize shareholder value. Lockheed Martin…

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