LMT - Satellite Maker Terran Orbital Places Itself On The Market: Searches For A Buyer As Challenges Mount | Benzinga
Terran Orbital Corp (NYSE: LLAP), a prominent player in the small satellite sector, is conducting a formal review of strategic alternatives.
The regulatory disclosure follows an earlier WSJ report that Terran has attracted interest from potential strategic and financial buyers in the U.S. and Europe.
This move comes roughly eighteen months following its public debut. Currently, Terran Orbital's market value stands at ~$180 million, a significant decrease from its previous peak of $1 billion, the report added.
Terran Orbital, headquartered in Boca Raton, Florida, has experienced a dip in its stock ...