Lockheed to Buy Terran Orbital for $450M; Robert Lightfoot Quoted

Lockheed Martin (NYSE: LMT) has agreed to acquire satellite maker Terran Orbital (NYSE: LLAP) for approximately $450 million to expand its satellite manufacturing and responsive space capabilities. The Bethesda, Maryland-based aerospace and defense contractor said Thursday it expects the transaction to conclude in the fourth quarter of 2024, subject to regulatory clearances, approval by Terran

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