Aerospace giant Lockheed Martin (LM), already a major shareholder in satellite builder Terran Orbital, has abandoned its contested bid to take control of the company. LM had offered around $500 million (€465.4m) for the shares – at $1 per share – it did not already own, but in a SEC filing made after the markets […]
Satellite builder Terran Orbital has adopted a so-called ‘poison pill’ share reconstruction in its defence of a buy-out by its existing major shareholder Lockheed Martin (L-M). Officially, it is a limited period stockholder rights plan. The company stated: “An independent committee of the Board will review and evaluate the Lockheed Proposal as part of the […]
Boca Raton-based Terran Orbital builds small-to-midsized satellites. Its order book includes 300 satellites for Rivada Networks, it has contracts in place with the European Space Agency (ESA) and NASA’s Space development Agency. In 2023 it introduced a range of seven standardised satellite options for clients wanting a speedy solution for nano, micro, mini and small […]
Scottish spaceport SaxaVord has been licensed to operate rocket launches by the UK’s Civil Aviation Authority. The site is at Unst on Shetland and is scheduled to host the UK Space Agency’s UK Pathfinder launch, which will be delivered by Lockheed Martin and ABL Systems. SaxaVord has a roster of clients including Rocket Factory Augsburg, […]
The United Launch Alliance (ULA), a joint-venture between Boeing and Lockheed Martin (L-M), is up for sale. The rocket builder now has potential bidders emerging. The three names currently being reported on include a private equity business, Jeff Bezos’s Blue Origin rocket company and an unnamed aerospace firm which is said to be well-capitalised. The […]
Terran Orbital is holding its Town Hall meeting on October 26th but management will be strengthened by a new 36-craft order from Lockheed Martin (LM) for Terran’s satellite buses, the main structural component of a satellite. LM is a shareholder in Terran. The order comes because of LM contract with the US Space Development Agency […]
Lockheed Martin (LM) has opened a new 20,000 sq ft production facility in Denver, Colorado, to manufacture small to medium-sized satellites. The company says it is targeting producing up to 180 satellites annually. LM has a long record of producing larger satellites. The new facility has six production lines with the first client lined up […]
US aerospace giant Lockheed Martin is looking to build a UK satellite factory. The news emerged at an event organised with the UK Ministry of Defence (MoD) and RTC North to “provide an opportunity for over 100 attendees from suppliers across the North East to fulfil their potential in delivering defence capabilities and contribute to […]
Aerojet Rocketdyne has won an order from the United Launch Alliance (ULA) for the delivery of 116 RL10C-X rocket engines that will be used in the giant Vulcan Centaur rocket. Aerojet Rocketdyne says the order is a direct result of the deal between ULA and Amazon “as part of the largest commercial launch contract in […]
Eutelsat’s 80A satellite has reached its end-of-life having more than exceeded its minimum design life of 12-years of operation. Eutelsat 80A was launched from Florida in May 2000. It was also called Eutelsat W4 and has thus completed well over 20 years service. Various technical data suggests that the satellite was being raised by about […]