Lockheed Martin is acquiring satellite manufacturer Terran Orbital, taking the smaller company private and potentially rescuing it from running out of cash while facing of serious debt. Although Terran Orbital itself wasn’t founded until 2013, its history goes back to the late ’90s, to the development of the CubeSat, which became the flagship in a […]
Terran Orbital CEO tells staff it is not looking for a buyer
Terran Orbital CEO Marc Bell told employees Monday the company is not looking for a buyer in an effort to quash a report that it was seeking bids by the end of the month, according to sources who spoke to TechCrunch. Bell’s comments came during an all-hands meeting with staff, following a Wall Street Journal article […]