LLAP - Terran Orbital could become acquisition target amid space consolidation
- Terran Orbital ( NYSE: LLAP ) may become an acquisition target as consolidation continues in the space sector.
- Terran Orbital ( LLAP ), which surged over 70% on Wednesday after it was awarded a $2.4 billion contract to build 288 low-earth orbit satellites, could become a takeover target for larger defense contractors after the company's recent contract wins, according to a Dealreporter item from Friday, which cited sector advisers.
- Lockheed Martin ( LMT ) was named by the sector advisers as a likely acquirer of Terran Orbital ( LLAP ) given he company already has an investment in the satellite company, according to Dealreporter.
- Terran Orbital ( LLAP ) may be one of the last independent satellite makers after recent consolidation in the industry, include Maxar Technologies' ( MAXR ) planned $6.4 billion sale to private equity firm Advent International, which was announced in December.
- Terran Orbital ( LLAP ) received a $100 million investment from aerospace firm Lockheed Martin ( LMT ) in late October.
For further details see:
Terran Orbital could become acquisition target amid space consolidation