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Lockheed Martin Invests In Nanosatellite Firm

By Cal Biesecker

Thursday, June 29th, 2017

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Lockheed Martin Invests In Nanosatellite Firm

Terran Orbital nanosatellite. Photo: Terran Orbital

Lockheed Martin [LMT] on Thursday said its venture unit has made an equity investment in Terran Orbital, expanding its access to a technology innovator in the area of nanosatellites for customers in the commercial and government sectors.Terms of the investment, which includes cash and in-kind investments for an equity stake in Terran, were not disclosed.Lockheed Martin said it has partnered with Terran previously on missions for NASA and the Defense Department and that the investment allows it to expand this…

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