Sign In
Search
Business/Financial

Lockheed Martin Agrees To Acquire Terran Orbital For Less Than Original Proposal

Cal Biesecker By
SHARE:
Lockheed Martin Agrees To Acquire Terran Orbital For Less Than Original Proposal
Terran Orbital's new satellite manufacturing space in Irvine, Calif. Photo: Terran Orbital

Lockheed Martin [LMT] on Thursday said it has agreed to acquire satellite manufacturer Terran Orbital [LLAP] in a $450 million deal based on enterprise value, a bargain versus the $606 million unsolicited proposal the aerospace and defense giant made in March. Announcement of deal follows Terran’s disclosure on Monday that it has removed from its backlog more than $2 billion related to an earlier agreement to build satellites for Germany’s Rivada Space Networks. At the end of June, Terran’s backlog…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

L3Harris Trims Operating Segments In Realignment

Business/Financial

Space Radar, Satellite Startup Array Labs Raises $20 Million

Business/Financial

DoD Makes Additional Investments In Solid Rocket Motor Industrial Base

Business/Financial

Still Early Days But DoD Taking Positive Steps To Improve Acquisition, Lynn Says Ahead Of Exit

Trending

GD and HII To Work On Trump’s New BBG(X) Battleship Design For Six Years, Analysts See $10-15 Billion Cost
Lockheed Conducts Successful Alternative Warhead-Variant Extended Range GMLRS Test
L3Harris Trims Operating Segments In Realignment
U.S. Used Over 150 Aircraft In Operation To Capture Venezuela’s Maduro, Caine Says
Lockheed’s Venture Arm Invests In Battery Technology Company South 8

Contract Updates

General Dynamics Information Technology Inc. (Falls Church, Virginia) – $12,584,393

General Dynamics Information Technology Inc., Falls Church, Virginia, was awarded a $12,584,393 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for the management, technical services, labor, material, support services, equipment, and facilities to accomplish repair and refurbishment of MK-41 Vertical Launch Systems on board Navy…

Virginia Pilot Association (Virginia Beach, Virginia) – $13,101,154

Virginia Pilot Association,* Virginia Beach, Virginia, was awarded $13,101,154 firm-fixed-price, indefinite-delivery/indefinite-quantity contract to provide pilot services in support of Commander, Navy Region Mid-Atlantic Port Operations to assist with the navigation of ships in and out of areas from Cape Henry…

Bell Textron Inc. (Fort Worth, Texas) – $14,071,857

Bell Textron Inc., Fort Worth, Texas, was awarded a $14,071,857 modification (P00012) to a cost-plus-fixed-fee order (N0001924F2602) against a previously issued basic ordering agreement (N0001921G0012). This modification exercises options to provide continued program management, engineering, and logistics services for calendar…

Alabama Shipyard LLC (Mobile, Alabama) – $16,840,735

Alabama Shipyard LLC,* Mobile, Alabama, is awarded a $16,840,735 firm, fixed-price contract (N3220526C0004) for the 98-calendar day shipyard availability for the deactivation of Military Sealift Command's fleet oiler vessel USNS John Ericsson (T-AO 194). This contract includes a base work…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume