Lockheed Martin's acquisition of Terran Orbital aims to rescue the satellite manufacturer from potential bankruptcy, given its serious debt and financial struggles.
Terran Orbital's foundations date back to the late '90s, focusing on the innovational CubeSat, which positioned it at the forefront of small satellite development.
Lockheed Martin's longstanding relationship with Terran Orbital, including a 28.3% stake and significant contract reliance, demonstrates a clear motivation behind the acquisition effort.
With Lockheed contracts supplying about 70% of Terran Orbital's revenue, the acquisition can be seen as a strategic move to leverage existing relationships and ensure the company's survival.
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