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Terran Orbital's stock drops as Lockheed Martin scoops up satellite maker at lower price

Aug 15, 2024, 10:41 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

Terran Orbital's stock fell over 33% following Lockheed Martin's acquisition offer. The acquisition was at one-quarter of the original offer price.

  • Terran Orbital's stock fell over 33% following Lockheed Martin's acquisition offer.
  • The acquisition was at one-quarter of the original offer price.

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