Browsing: Terran Orbital

Lockheed has decided not to try to buy Terran Orbital anymore.

Terran Orbital experienced increased revenues but suffered a significant loss in 2023 as it continues to assess options following a bid from Lockheed Martin.

There is a strong increase in the need for alternative connections after underwater cables were damaged in the Red Sea. This increase is helping Rivada Space Networks get closer to completely funding its $2.4 billion satellite plans, according to CEO Declan Ganley.

President of Lockheed Martin Space Robert Lightfoot: ‘We’re looking for strategic partners’