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Lockheed Martin Invests $100 Million In Terran Orbital; Companies Enter New Strategic Agreement

Cal Biesecker By
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Lockheed Martin Invests $100 Million In Terran Orbital; Companies Enter New Strategic Agreement
Terran Orbital's Bus 1 satellite bus it has provided Lockheed Martin as part of the Space Development Agency's Transport Layer Tranche 0. Photo: Terran Orbital

Satellite designer and manufacturer Terran Orbital Corp. [LLAP] on Monday said it has received a $100 million investment from Lockheed Martin [LMT] to allow the company to accelerate and expand its manufacturing capabilities. Lockheed Martin now owns 33.5 percent of Terran Orbital, which is supplying dozens of nanosatellite buses to Lockheed Martin for the Space Development Agency’s (SDA) Transport Layer of mesh networking satellites. The two companies also have entered into a new strategic cooperative agreement through 2035 that allows…

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