Lockheed Martin (LMT) Set to Purchase Terran Orbital for $450M

Lockheed Martin Corp. (LMT) recently signed a contract to acquire a manufacturer of satellite products, Terran Orbital. The acquiree offers satellite-based solutions that serve the aerospace and defense industry.The acquisition has an estimated enterprise value of $450 million. For each outstanding share of common stock, Lockheed Martin will pay 25 cents in cash to purchase Terran Orbital and pay off its current debt. The buyout is expected to be completed in the fourth quarter of 2024.Benefits of the Acqui ...