Lockheed Martin completed the acquisition of Terran Orbital for $450m.

Lockheed Martin, a global security, defense and aerospace contractor, completed the acquisition of Terran Orbital, a leader of satellite-based solutions primarily supporting the aerospace and defense industries, for $450m. "The addition of Terran Orbital's spirit of entrepreneurship to the scale of Lockheed Martin means there is a great deal of opportunity to keep pushing the boundaries of technology and space solutions together. We welcome their ingenuity and dedication to ensuring mission success and we've always valued those aspects of our working relationship. Together, we can deliver our combined innovation and services with a greater sense of urgency to support our customers' commercial, civil and national security needs," Robert Lightfoot, Lockheed Martin President.