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Terran Orbital's stock fell 37% after Lockheed Martin's acquisition announcement. Lockheed Martin's offer valued Terran Orbital at $450 million, down from $1 share. Terran Orbital previously adopted a poison pill strategy against acquisition. Lockheed Martin has historically worked with Terran, enhancing its capabilities. Terran reported $136 million in 2023 sales, reflecting its business momentum.
- Terran Orbital's stock fell 37% after Lockheed Martin's acquisition announcement.
- Lockheed Martin's offer valued Terran Orbital at $450 million, down from $1 share.
- Terran Orbital previously adopted a poison pill strategy against acquisition.
- Lockheed Martin has historically worked with Terran, enhancing its capabilities.
- Terran reported $136 million in 2023 sales, reflecting its business momentum.
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