Lockheed Martin Advances Space Capabilities through Strategic Terran Orbital Acquisition
Lockheed Martin (NYSE: LMT) has completed its acquisition of Terran Orbital, a manufacturer of modular spacecraft serving aerospace and defense industries. The acquisition includes Terran's subsidiary, Tyvak International. The combined entity will leverage Terran's customizable spacecraft platforms with Lockheed's mission system integration expertise to enhance space capabilities.
Operating under Terran Orbital, a Lockheed Martin Company, the business will maintain its merchant supplier status while operating through Lockheed's Space business area. The company will focus on satellite design, production, launch planning, mission operations, and in-orbit support from its locations across Florida, California, Georgia, Virginia, and Italy.
Lockheed Martin (NYSE: LMT) ha completato l'acquisizione di Terran Orbital, un produttore di veicoli spaziali modulari che serve le industrie aerospaziale e della difesa. L'acquisizione include la controllata di Terran, Tyvak International. L'entità risultante sfrutterà le piattaforme spaziali personalizzabili di Terran insieme all'expertise di Lockheed nell'integrazione dei sistemi di missione per migliorare le capacità spaziali.
Operando sotto Terran Orbital, una società di Lockheed Martin, l'azienda manterrà il suo status di fornitore commerciale, operando nell'area commerciale spaziale di Lockheed. La compagnia si concentrerà sulla progettazione di satelliti, produzione, pianificazione di lanci, operazioni di missione e supporto in orbita dalle sue sedi in Florida, California, Georgia, Virginia e Italia.
Lockheed Martin (NYSE: LMT) ha completado la adquisición de Terran Orbital, un fabricante de naves espaciales modulares que sirve a las industrias aeroespacial y de defensa. La adquisición incluye la subsidiaria de Terran, Tyvak International. La entidad combinada aprovechará las plataformas espaciales personalizables de Terran junto con la experiencia de Lockheed en integración de sistemas de misión para mejorar las capacidades espaciales.
Operando bajo Terran Orbital, una compañía de Lockheed Martin, el negocio mantendrá su estatus de proveedor comercial mientras opera a través del área de negocio espacial de Lockheed. La empresa se centrará en el diseño de satélites, producción, planificación de lanzamientos, operaciones de misión y apoyo en órbita desde sus ubicaciones en Florida, California, Georgia, Virginia e Italia.
록히드 마틴 (NYSE: LMT)는 우주 및 방위 산업을 위한 모듈형 우주선 제조업체인 테란 오르비탈의 인수를 완료했습니다. 이번 인수에는 테란의 자회사인 타바크 인터내셔널이 포함됩니다. 결합된 실체는 테란의 맞춤형 우주선 플랫폼과 록히드의 미션 시스템 통합 전문성을 활용하여 우주 능력을 향상시킬 것입니다.
록히드 마틴의 회사인 테란 오르비탈로 운영되며, 이 사업은 록히드의 우주 비즈니스 영역을 통해 운영하면서 상업 공급자 지위를 유지할 것입니다. 이 회사는 플로리다, 캘리포니아, 조지아, 버지니아 및 이탈리아에 있는 위치에서 위성 설계, 생산, 발사 계획, 미션 운영 및 궤도 지원에 집중할 것입니다.
Lockheed Martin (NYSE: LMT) a finalisé son acquisition de Terran Orbital, un fabricant de vaisseaux spatiaux modulaires au service des industries aérospatiale et de défense. L'acquisition inclut la filiale de Terran, Tyvak International. L'entité combinée tirera parti des plateformes spatiales personnalisables de Terran et de l'expertise de Lockheed en intégration de systèmes de mission pour améliorer les capacités spatiales.
Opérant sous Terran Orbital, une société de Lockheed Martin, l'entreprise maintiendra son statut de fournisseur commercial tout en opérant dans le domaine des affaires spatiales de Lockheed. La société se concentrera sur la conception de satellites, la production, la planification des lancements, les opérations de mission et le soutien en orbite depuis ses sites en Floride, Californie, Géorgie, Virginie et Italie.
Lockheed Martin (NYSE: LMT) hat seine Übernahme von Terran Orbital abgeschlossen, einem Hersteller von modularen Raumfahrzeugen für die Luft- und Raumfahrt- sowie Verteidigungsindustrien. Die Übernahme umfasst Terrans Tochtergesellschaft Tyvak International. Die fusionierte Einheit wird Terrans anpassbare Raumfahrtplattformen mit Lockheeds Fachwissen in der Integration von Missionssystemen kombinieren, um die Raumfahrtfähigkeiten zu verbessern.
Das Unternehmen wird als Terran Orbital, ein Unternehmen von Lockheed Martin tätig sein und seinen Status als Anbieter im Handel beibehalten, während es im Geschäftsbereich Raumfahrt von Lockheed operiert. Das Unternehmen wird sich auf die Satellitenkonstruktion, Produktion, Startplanung, Missionsoperationen und Orbitalunterstützung von seinen Standorten in Florida, Kalifornien, Georgia, Virginia und Italien konzentrieren.
- Strategic acquisition enhances Lockheed Martin's spacecraft manufacturing capabilities
- Integration combines Terran's modular spacecraft technology with Lockheed's mission systems expertise
- Terran Orbital will maintain its merchant supplier status, preserving revenue streams
- Automation and robotics implementation expected to increase manufacturing capacity and speed
- None.
Insights
The
The acquisition's value lies in three key areas:
- Vertical integration of satellite manufacturing capabilities
- Access to Terran's innovative modular spacecraft technology
- Enhanced production capacity through automated manufacturing
This acquisition positions Lockheed Martin strategically in the small satellite market, which is projected to grow significantly with increased defense and commercial space activities. Terran Orbital's expertise in modular spacecraft design and rapid manufacturing aligns perfectly with the Space Development Agency's requirements for proliferated low Earth orbit constellations. The integration of Terran's agile manufacturing capabilities with Lockheed's established space systems expertise creates a powerful combination for addressing evolving national security space needs.
The decision to maintain Terran as a merchant supplier is particularly shrewd, allowing the unit to continue serving diverse customers while providing Lockheed with valuable market intelligence and revenue diversification.
Deal Enables Rapid Development and Fielding of Mission-Ready Spacecraft
"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," said Robert Lightfoot, President, Lockheed Martin Space. "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."
Terran Orbital offers a unique lineup of customizable spacecraft platforms, which include interchangeable components, and mission services. When these are combined with Lockheed Martin's mission system integration and payload expertise, the result includes more robust space capabilities. This is in addition to bolstered manufacturing practices, driven by automation and robotics for increased capacity and speed, and advanced testing techniques.
Reporting through Lockheed Martin's Space business area, the company will be recognized as Terran Orbital, a Lockheed Martin Company. It will remain a merchant supplier to the industry and bring holistic solutions by coalescing satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of the most demanding military, civil, and commercial customers' missions.
Terran Orbital, a Lockheed Martin Company, maintains locations in Boca Raton and
The acquisition was first announced August 15, 2024. More information on Terran Orbital can be found at www.terranorbital.com.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security ® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.Lockheedmartin.com.
Forward Looking Statements
This news release contains statements that, to the extent they are not recitations of historical fact, constitute "forward-looking statements" within the meaning of the federal securities laws, and are based on Lockheed Martin's current expectations and assumptions, including, among other things, statements regarding the transaction, the expected benefits of the transaction, and the future performance of Lockheed Martin's business. The words "believe," "estimate," "anticipate," "project," "intend," "expect," "plan," "outlook," "will," "should," "could," "scheduled," "forecast," and similar expressions are intended to identify forward-looking statements. There can be no assurance that any future events will occur as anticipated, if at all, or that actual results will be as expected. These statements are not guarantees of future performance and are subject to risks and uncertainties. Actual results may differ materially due to factors such as: the failure to successfully and timely integrate Terran Orbital and realize the expected benefits of the transaction; the risk of litigation relating to the transaction; competitive responses to the transaction; unexpected liabilities, costs, charges or expenses resulting from the transaction; and potential adverse reactions or changes to business relationships from the completion of the transaction. These are only some of the factors that may affect the forward-looking statements contained in this news release. For a discussion identifying additional important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, see Lockheed Martin's filings with the SEC, including, but not limited to, "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" in Lockheed Martin's most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q. Lockheed Martin's filings may be accessed through the investor relations page of its website, www.lockheedmartin.com/investor or through the website maintained by the SEC at www.sec.gov. Except where required by applicable law, Lockheed Martin expressly disclaims a duty to provide updates to forward-looking statements after the date of this news release to reflect subsequent events, changed circumstances, changes in expectations, or the estimates and assumptions associated with them. The forward-looking statements in this news release are intended to be subject to the safe harbor protection provided by the federal securities laws.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-advances-space-capabilities-through-strategic-terran-orbital-acquisition-302291536.html
SOURCE Lockheed Martin
FAQ
What companies did Lockheed Martin (LMT) acquire in October 2024?
How will Terran Orbital operate after the Lockheed Martin (LMT) acquisition?
What are the main benefits of Lockheed Martin's (LMT) Terran Orbital acquisition?
