:

Business/Financial

Lockheed Martin Closes Terran Orbital Acquisition

By Rachel Jewett

Wednesday, October 30th, 2024

SHARE:

Lockheed Martin Closes Terran Orbital Acquisition

Lockheed Martin’s lineup of satellite buses and a Space Development Agency transport layer spacecraft. Photo: Lockheed Martin

Lockheed Martin [LMT] on Wednesday completed its acquisition of smallsat manufacturer Terran Orbital, acquiring the former SPAC as its largest customer. Terran Orbital and subsidiary Tyvak International are now part of Lockheed Martin’s Space business area and recognized as Terran Orbital, a Lockheed Martin company. Lockheed Martin said in an Oct. 30 release it will remain a merchant supplier to the space industry for satellite design, production, launch planning, mission operations, and in-orbit support. Peter Krauss, who had been serving as COO since…

Congress

House Authorizers Retain Battleship Funding, But Want Nuclear-Power Report

The House Armed Services Committee’s (HASC) Thursday markup of the FY 2027 defense authorization bill rejected an amendment to cut funding for the new Trump-class battleship (BBG(X)), but did agree […]

Congress

HASC Rejects $150 Billion Topline Cut, Iran Cost Transparency Proposals At NDAA Markup

The House Armed Services Committee (HASC) on Thursday rejected a Democrat-led proposal to cut the $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA) by $150 billion, as the […]

HASC Wants Pentagon List Of Critical F-35 Technical Data Rights And Estimate Of Cost To Buy Them For Repairs

The House Armed Services Committee (HASC) wants the Pentagon to inform the committee of critical technical data rights for the Lockheed Martin [LMT] F-35 fighter and how much it would […]

Space

NRO Nominee: “We Have To Look Differently At Our Requirements”

The National Reconnaissance Office (NRO) has said that it has launched more than 200 proliferated low Earth orbit satellites in the last two years to supplement the costly high-end systems […]