Lockheed Martin (LMT) has completed its previously announced acquisition of Terran Orbital, a manufacturer of innovative modular spacecraft serving the global aerospace and defense industries, and its subsidiary, Tyvak International. Lockheed Martin has worked with Terran Orbital on projects including Space Development Agency programs and Lockheed Martin’s technology demonstrations. Reporting through Lockheed Martin’s Space business area, the company will be recognized as Terran Orbital, a Lockheed Martin Company. It will remain a merchant supplier to the industry and bring holistic solutions by coalescing satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of the most demanding military, civil, and commercial customers’ missions.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMT:
- Lockheed Martin price target raised to $565 from $505 at Barclays
- Lockheed Martin awarded $1.24B Army contract modification
- Jefferies aerospace & defense analysts hold analyst/industry conference call
- BA vs. LMT: Which Aerospace Stock Is Flying Higher?
- Lockheed Martin (LMT): Is It Too Late to Buy This Hot Dividend Stock?