Satellite manufacturer Terran Orbital, now owned by Lockheed Martin, is facing a Class Action brought by law firm Levi & Korsinsky (and others) and recently an amended complaint was filed in the Action. In essence, the complaint alleges that Terran Orbital Corp. made materially false and/or misleading statements and/or failed to disclose that: (i) it […]

Boca Raton-based satellite builder Terran Orbital, now owned by Lockheed Martin, is facing a Class Action from investors alleging they were misled as the company’s status before the sale. Investors allege that Lockheed originally offered $1 per share for Terran, the final deal price was struck at 25 cents and shareholders are now suing Terran […]

Lockheed Martin (LM) has completed its purchase of satellite builder Terran Orbital. “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,” commented Robert Lightfoot, President, Lockheed Martin Space. “We welcome their […]

Rivada Space Networks is insisting that despite some negative media stories, it remains firmly on track to meet its build and launch obligations for its 300 satellite mega-constellation. Brian Carney, Rivada’s SVP/Communications, commented: “We are confident that we will be able to finance our satellite production and meet our regulatory milestones. Since the takeover [of […]

Rivada Space Networks has had an eventful couple of years, filled with litigation between various parties over ownership, frequency rights and disputes between CEO Declan Ganley and former business partners. To its credit it has managed to sail through these challenges, but one has to read between the lines to ascertain whether it can proceed […]

Rivada Space Networks issued a press release to coincide with Euroconsult’s Paris Space Business Week which said that it is “partnering” with Peraton, “a next-generation national security company and transformative enterprise IT provider” who will now work with Rivada once its planned 300 satellite constellation is in place. However, there was no news on whether […]

Struggling satellite manufacturer Terran Orbital is being bought – some say rescued – by aerospace giant Lockheed Martin (L-M) in a deal worth around $450 million. L-M is paying $0.25 per share for Terran and will pay off Terran’s debts. The end result will be a new company that is 100 percent owned by L-M. […]

Lockheed Martin (L-M) has signed a definitive agreement to acquire Terran Orbital. L-M was already a significant investor and client of Terran. The enterprise value of the transaction is about $450 million (€411m). L-M will acquire Terran Orbital for $0.25 in cash for each outstanding share of common stock and retire its existing debt. This […]

Boca Raton-based satellite builder Terran Orbital is looking to issue additional shares in the company worth a maximum total of $98 million (€90.3m). Terran is limited as to what it can raise by issuing new shares. Terran Orbital has Lockheed Martin (LM) as a major shareholder. LM and certain other shareholders have undertakings from Orbital […]

Boca Raton-based satellite builder, Terran Orbital, has received formal notification from the New York Stock Exchange that the company was in ‘non-compliance’ with its rules. The NYSE rules are that shares must stay above $1 in value. Terran’s share price is currently just 74 cents and for the past month it has been below $1. […]