FLA Technology Sales, Inc. is excited about the LMCO acquisition of Terran Orbital as we believe this will only lead to more design opportunities for our Engineering Rep company.
On Aug. 15, Lockheed Martin stated that it buying Terran Orbital for $0.25 per share in cash and will retire the company’s existing debt. The deal, expected to close in the fourth quarter, has an enterprise value of $450 million. Shares in Terran Orbital closed Aug. 14 at $0.40. Marc Bell, chief executive of Terran Orbital said in a statement, “This move will open new opportunities for growth and innovation, and we couldn’t be more excited about the future. Access to Lockheed Martin’s incredible engineers and world class facilities will only accelerate our business plan to provide low-cost, high-value solutions to our ever-growing customer base.” Learn More about the acquisition on Space News
About Terran Orbital
- Terran Orbital a designer and manufacturer of small satellites and is in the process of being acquired by Lockheed Martin [LMCO].
- LMCO is one of the premier US defense contractors with facilities in Florida, Texas and throughout the United States.
- FLA Technology Sales, Inc. supports LMCO at the Florida and Texas facilities with a variety of technologies from our partners.
- Terran Orbital has a small design facility in Brevard County Florida and FLA Technology Sales currently supports this group with technology solutions for its satellites.
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