当前位置:首页 > 国际动态>正文
Lockheed Martin Bids to Acquire Spacecraft Maker Terran Orbital for Nearly $600 Million
2024-03-06 15:25:08 来源:www.bvrcn.com 品牌价值网
On Friday, March 1, 2024, Lockheed Martin, the American defense giant, submitted a nonbinding proposal to acquire spacecraft manufacturer Terran Orbital. According to the bid, Lockheed Martin plans to acquire Terran Orbital’s outstanding common stock at $1 a share in cash, as well as pay $70 million for Terran’s outstanding warrants and assume the company’s $313 million in outstanding debt. Together, the offer values Terran Orbital at just below $600 million.
In October 2022, Lockheed Martin has a strategic investment in Terran Orbital and invested $100 million in the company. According to the acquisition proposal, As of today, Lockheed Martin is not only Terran Orbital’s largest revenue generating customer but also a significant stakeholder in Terran Orbital, with a 28.3% stake. The proposal also reads “Terran represents an attractive opportunity for Lockheed Martin, and we are treating the potential Transaction as a strategic priority. Terran’s superior capabilities and business momentum align with one of Lockheed Martin Space’s strategic growth priorities and the transaction would accelerate that strategy”.
Founded in 2013, the Boca Raton, Florida-based Terran Orbital is a pioneer in the development, innovation and operation of small satellites and earth observation solutions. Its customers include NASA, the U.S. Defense Department, and satellite and internet communications provider EchoStar. For the past month of February, 2024, Terran Orbital’s stock has been trading between 80 cents and $1 for the past month, and it closed at $1.18 on Monday, March 4, 2024. Terran went public via a SPAC in early 2022 at a $1.8 billion valuation. In the past, Terran Orbital has faced criticism that company’s backlog is too concentrated with customers Lockheed Martin and Rivada. In the year of 2023, New York Stock Exchange sent a notice to Terran Orbital that it could be delisted if it couldn’t raise its share price during a compliance period.
Founded in March, 1995, Lockheed Martin is an American aerospace, arms, defense, information security, and technology corporation formed by the merger of Lockheed Corporation with Martin Marietta. Headquartered in North Bethesda, Maryland, Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists. Lockheed Martin is one of the largest defensive contractors in the world and its annual sales are to the U.S. Department of Defense, U.S. Department of Energy, and and the National Aeronautics and Space Administration (NASA). Lockheed Martin operates in four business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS), and Space.
On the ranking of “The 3rd Daguan·Keweiwei World Brand Value Top 900” released on March 18, 2023, Lockheed Martin’ brand value was 187.926 billion RMB, ranking the 130th.
www.bvrcn.com 品牌价值网
"(www.bvrcn. com) Daguan · Brand Value (China) Network" defines a fair China Brand Value Evaluation Standard in the world, lead the global brand news value, create a highland for the global brand value evaluation industry, and discover the release of the "Daguan · Keweiwei" World Brand Value Top 900 ranking list. It is also the globally preferred and trusted enterprise brand information website that fairly and justly recommends global brand enterprises, achieves the influence of brand value (China) network's global brand communication. It launches heavyweight brand value information, leads global brand hotspots, links global media communication camps, and establishes new coordinates for global brand news news communication.
作者:Byron
相关新闻全部阅读