Lockheed Martin to Acquire Terran Orbital
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Stifel Downgrades Terran Orbital Corp. (LLAP) to Hold
August 15, 2024 5:00 PM EDTStifel analyst Erik Rasmussen downgraded Terran Orbital Corp. (NYSE: LLAP) from Buy to Hold with a price target of $0.25 (from $7.00).
The analyst comments "Before the market open, LMT announced a definitive agreement to acquire Terran Orbital for $0.25/sh in cash (37.5% discount to... More
Lockheed Martin to acquire Terran Orbital in $450m deal
August 15, 2024 9:21 AM EDTLockheed Martin (NYSE: LMT) announced Thursday it has agreed a deal to acquire Terran Orbital Corporation (NYSE: LLAP), a leading provider of satellite-based solutions, for approximately $450 million.
The acquisition is set to take Terran Orbital private, with Lockheed Martin offering $0.25 in cash per share of Terran... More
