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Lockheed Martin acquires Terran Orbital for $450 million to stabilize finances. Deal includes taking private and eliminating Terran's $14.6 million debt. Terran's stock declined from $0.40 as cash reserves dwindled. Lockheed holds a 28.3% stake, intensifying interest in satellite contracts. Terran's $2.4 billion contract's payments delayed, directly affecting valuation.
- Lockheed Martin acquires Terran Orbital for $450 million to stabilize finances.
- Deal includes taking private and eliminating Terran's $14.6 million debt.
- Terran's stock declined from $0.40 as cash reserves dwindled.
- Lockheed holds a 28.3% stake, intensifying interest in satellite contracts.
- Terran's $2.4 billion contract's payments delayed, directly affecting valuation.
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