Lockheed Martin
$LMT (-0.72%) has just announced that it has reached an agreement to acquire Terran Orbital
$LLAP has been reached.
The enterprise value of the transaction amounts to approximately 450 million US dollars.
Lockheed Martin will receive for each outstanding share of Terran Orbital common stock 0.25 US-dollars in cash for each outstanding share of Terran Orbital common stock and simultaneously retire the company's existing debt.
The price target is $3.667 and the stock is covered by 5 analysts.
Buy
4
Hold
1
Sell
0
Terran Orbital Corporation is a manufacturer of satellite products primarily serving the aerospace and defense industries. The Company provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and on-orbit support to meet the needs of the demanding military, civil, and commercial customers. Its product and service offerings include mission support, launch support services, operations services and studies, design and other services. It provides the integrated design, manufacture, and assembly of satellites suitable for the specific needs of its customers’ missions. It assists customers with the launch of satellites into space by identifying and securing launch opportunities with launch providers as well as coordinating and managing the activities leading up to the launch event on behalf of its customers. It manages, operates, and provides information from satellites that are on-orbit on behalf of customers.
