H.C. Wainwright says that given its current level of customer engagement and existing revenue pipeline, the firm would be “somewhat surprised” if Terran Orbital’s board were to accept the current $1 per share buyout offer from Lockheed Martin (LMT). However, the bid serves as a recognition by the industry of the significant opportunities within the space and Terran’s favorable positioning, the analyst tells investors in a research note. The firm continues to value Terran shares at $3.00.
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