Rivada Space Networks used the Washington Satellite 2025 show to announce that it would launch “demonstration” satellites in 2026, and offer “full Outernet service delivery by late 2027” according to CEO Declan Ganley. Reports from the show – although not confirmed – say that the test satellites are already in production at Terran Orbital, now […]
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 […]
Rivada Space Networks is still working with key supplier Terran Orbital (now owned by Lockheed Martin) according to the company. Rivada says that its launch orders with SpaceX, while not set in terms of specific final launch dates, are still valid and in place. Rivada has an initial 300 satellite contract with Terran Orbital although […]
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 […]
It was previously reported that would-be satellite operator Rivada Space Networks might have lost its important launch contracts with SpaceX. That is not the case says Rivada. A Rivada spokesman told Advanced-Television that the SpaceX contract is still valid and in place. “Final launch windows have not been set,” said Brian Carney, SVP/Corporate Communications. Rivada […]
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 […]
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 […]
“As of July 31st 2024, the Company’s cash and cash equivalents balance was approximately $14.6 million which, without additional funding, will not be sufficient to meet its obligations within the next twelve months from the issuance of this quarterly report.” So said the cautionary note which accompanied Terran’s quarterly trading statement (for the three months […]
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 […]