# Lockheed Martin to acquire Terran Orbital for $450M

Lockheed Martin signed a definitive agreement to acquire Terran Orbital, a satellite-based solutions provider, for approximately $450 million. The transaction includes a $30 million working capital facility.

- Type: Acquisition
- Announced: 2024-08-15
- Where: United States
- Value: $450.0M
- Status: announced
- Products: satellite-based solutions, modular space vehicles
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Lockheed Martin](https://endata.com/companies/6612.md) (acquirer)
- [Terran Orbital](https://endata.com/companies/58794.md) (target)

## Sources

- [investors.lockheedmartin.com](https://investors.lockheedmartin.com/news-releases/news-release-details/lockheed-martin-acquire-terran-orbital/), 2024-08-15: "We've worked with Terran Orbital for more than seven years on a variety of successful missions."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.