Lockheed Martin makes $1/share offer for satellite maker Terran Orbital

1
1
Favorite

Lockheed Martin makes $1/share offer for satellite maker Terran Orbital

seekingalpha03-02

U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（1）

joe3141
·03-04
Hmz, $1 is short changing. The share price will shoot to outer space
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2416760653?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1297862142/image_1297862142.jpg","is_english":true,"pubTime":"2024-03-02 06:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2416760653","market":"us","top_or_hot":-1,"title":"Lockheed Martin makes $1/share offer for satellite maker Terran Orbital","media":"seekingalpha","content":"<div>\n<p>U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according ...</p>\n\n<a href=\"https://seekingalpha.com/news/4074952-lockheed-martin-makes-1share-offer-for-satellite-maker-terran-orbital\">Source Link</a>\n\n</div>\n","source":"seekingalpha_hot_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lockheed Martin makes $1/share offer for satellite maker Terran Orbital</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLockheed Martin makes $1/share offer for satellite maker Terran Orbital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-02 06:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4074952-lockheed-martin-makes-1share-offer-for-satellite-maker-terran-orbital><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according ...</p>\n\n<a href=\"https://seekingalpha.com/news/4074952-lockheed-martin-makes-1share-offer-for-satellite-maker-terran-orbital\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1162221912.USD","symbol_name":"FRANKLIN INCOME \"A\" (USD) ACC","start_time":0,"source_url":"https://seekingalpha.com/news/4074952-lockheed-martin-makes-1share-offer-for-satellite-maker-terran-orbital","article_id":"2416760653","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1297862142/image_1297862142.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2416760653","pubTimestamp":1709333833,"sourceInfo":{"source_id":"seekingalpha_hot_news","name":"SeekingAlpha"},"weMediaInfo":null,"summary":"U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according t","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4516":"特朗普概念","BK4588":"碎股","BK4564":"太空概念","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4187":"航天航空与国防","LLAP":"Terran Orbital Corp","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4585":"ETF&股票定投概念","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LMT":"洛克希德马丁"},"translate_title":"洛克希德·马丁公司出价1美元/股收购卫星制造商人族轨道公司","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LLAP":1,"LMT":1},"content_text":"U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according to a regulatory filing published on Friday. Shares of Terran (LLAP) rose more than 3% to $1.11 after hours. The company has a market capitalization of about $185M. Lockheed (LMT) already owns a 28.3% stake in Terran (LLAP), and the company is a major customer in terms of revenue for the satellite maker.  \"Terran (LLAP) represents an attractive opportunity for Lockheed Martin (LMT), and we are treating the potential Transaction as a strategic priority. Terran’s superior capabilities and business momentum align with one of Lockheed Martin Space’s strategic growth priorities and the Transaction would accelerate that strategy,\" Scott Weiner, Lockheed's (LMT) VP of corporate development, said in a letter to Terran (LLAP). The non-binding proposal consists of a $1/share cash offer for Terran's (LLAP) outstanding common stock, over $70M in cash for LLAP's outstanding warrants and assumption of $313M of LLAP's existing debt.  \"Lockheed Martin (LMT) continues to be Terran's (LLAP) largest revenue generating customer accounting for the majority of the backlog ... we are confident that we will continue to be the largest revenue generating customer for Terran (LLAP) for the foreseeable future. As a result, we are uniquely qualified to assess the Company’s near and long-term outlook and accurately ascribe fair value to Terran’s (LLAP) business for all its stakeholders,\" LMT's letter said. Boca Raton, Fla.-based Terran (LLAP) manufactures nanosatellites and microsatellites for commercial and government organizations, and also provides satellite solutions. The company last month came to an agreement with activist investors who had been pushing for the start of a strategic review and the ouster of Terran's (LLAP) top boss.  The Wall Street Journal last December said that Terran (LLAP) was looking to sell itself. The company's CEO had later denied the report, though the satellite maker had confirmed that it had started a formal review of strategic alternatives.  More on Terran Orbital and Lockheed Martin  Terran Orbital: A High-Risk Bet For Investors Willing To Embrace A Bumpy Ride Terran Orbital up 13%, shows $70M year-end cash balance Seeking Alpha’s Quant Rating on Terran Orbital Defying Odds: Why Lockheed Martin Remains A Premier Investment Choice Lockheed Martin: Problems Are Piling Up","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":280693073383504,"gmtCreate":1709558119753,"gmtModify":1709558124138,"author":{"id":"4111675977273012","authorId":"4111675977273012","name":"joe3141","avatar":"https://community-static.tradeup.com/news/a947f14f6741fc216021d0b382bd20f8","vip":1,"crmLevel":3,"crmLevelSwitch":1},"htmlText":"Hmz, $1 is short changing. The share price will shoot to outer space","listText":"Hmz, $1 is short changing. The share price will shoot to outer space","text":"Hmz, $1 is short changing. The share price will shoot to outer space","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/280693073383504","repostId":2416760653,"repostType":2,"repost":{"id":"2416760653","pubTimestamp":1709333833,"share":"https://www.laohu8.com/m/news/2416760653?lang=&edition=full","pubTime":"2024-03-02 06:57","market":"us","language":"en","title":"Lockheed Martin makes $1/share offer for satellite maker Terran Orbital","url":"https://stock-news.laohu8.com/highlight/detail?id=2416760653","media":"seekingalpha","summary":"U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according t","content":"<html><body><p>U.S. defense contractor Lockheed Martin (<span>NYSE:LMT</span>) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (<span>NYSE:LLAP</span>) that it does not own for $1/share, according to a regulatory filing published on Friday.</p> <p>Shares of Terran (LLAP<span>) </span><span>rose more than 3% </span><span>to $1.11 after hours. The company has a market capitalization of about $185M.</span></p> <p>Lockheed (LMT) already owns a 28.3% stake in Terran (LLAP), and the company is a major customer in terms of revenue for the satellite maker. </p> <p>\"Terran (LLAP) represents an attractive opportunity for Lockheed Martin (LMT), and we are treating the potential Transaction as a strategic priority. Terran’s superior capabilities and business momentum align with one of Lockheed Martin Space’s strategic growth priorities and the Transaction would accelerate that strategy,\" Scott Weiner, Lockheed's (LMT) <a href=\"https://laohu8.com/S/VP..UK\">VP</a> of corporate development, said in a letter to Terran (LLAP).</p> <p>The non-binding proposal consists of a $1/share cash offer for Terran's (LLAP) outstanding common stock, over $70M in cash for LLAP's outstanding warrants and assumption of $313M of LLAP's existing debt. </p> <p>\"Lockheed Martin (LMT) continues to be Terran's (LLAP) largest revenue generating customer accounting for the majority of the backlog ... we are confident that we will continue to be the largest revenue generating customer for Terran (LLAP) for the foreseeable future. As a result, we are uniquely qualified to assess the Company’s near and long-term outlook and accurately ascribe fair value to Terran’s (LLAP) business for all its stakeholders,\" LMT's letter said.</p> <p>Boca Raton, Fla.-based Terran (LLAP) manufactures nanosatellites and microsatellites for commercial and government organizations, and also provides satellite solutions. The company last month came to an agreement with activist investors who had been pushing for the start of a strategic review and the ouster of Terran's (LLAP) top boss. </p> <p>The Wall Street Journal last December said that Terran (LLAP) was looking to sell itself. The company's CEO had later denied the report, though the satellite maker had confirmed that it had started a formal review of strategic alternatives. </p> <h2>More on Terran Orbital and Lockheed Martin</h2> <ul> <li>Terran Orbital: A High-Risk Bet For Investors Willing To Embrace A Bumpy Ride</li> <li>Terran Orbital up 13%, shows $70M year-end cash balance</li> <li>Seeking Alpha’s Quant Rating on Terran Orbital</li> <li>Defying Odds: Why Lockheed Martin Remains A Premier Investment Choice</li> <li>Lockheed Martin: Problems Are Piling Up</li> </ul></body></html>","source":"seekingalpha_hot_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lockheed Martin makes $1/share offer for satellite maker Terran Orbital</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLockheed Martin makes $1/share offer for satellite maker Terran Orbital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-02 06:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4074952-lockheed-martin-makes-1share-offer-for-satellite-maker-terran-orbital><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according ...</p>\n\n<a href=\"https://seekingalpha.com/news/4074952-lockheed-martin-makes-1share-offer-for-satellite-maker-terran-orbital\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1297862142/image_1297862142.jpg","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4516":"特朗普概念","BK4588":"碎股","BK4564":"太空概念","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","BK4187":"航天航空与国防","LLAP":"Terran Orbital Corp","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","BK4585":"ETF&股票定投概念","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LMT":"洛克希德马丁"},"source_url":"https://seekingalpha.com/news/4074952-lockheed-martin-makes-1share-offer-for-satellite-maker-terran-orbital","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2416760653","content_text":"U.S. defense contractor Lockheed Martin (NYSE:LMT) has made a non-binding offer to acquire all common stock of satellite maker Terran Orbital (NYSE:LLAP) that it does not own for $1/share, according to a regulatory filing published on Friday. Shares of Terran (LLAP) rose more than 3% to $1.11 after hours. The company has a market capitalization of about $185M. Lockheed (LMT) already owns a 28.3% stake in Terran (LLAP), and the company is a major customer in terms of revenue for the satellite maker.  \"Terran (LLAP) represents an attractive opportunity for Lockheed Martin (LMT), and we are treating the potential Transaction as a strategic priority. Terran’s superior capabilities and business momentum align with one of Lockheed Martin Space’s strategic growth priorities and the Transaction would accelerate that strategy,\" Scott Weiner, Lockheed's (LMT) VP of corporate development, said in a letter to Terran (LLAP). The non-binding proposal consists of a $1/share cash offer for Terran's (LLAP) outstanding common stock, over $70M in cash for LLAP's outstanding warrants and assumption of $313M of LLAP's existing debt.  \"Lockheed Martin (LMT) continues to be Terran's (LLAP) largest revenue generating customer accounting for the majority of the backlog ... we are confident that we will continue to be the largest revenue generating customer for Terran (LLAP) for the foreseeable future. As a result, we are uniquely qualified to assess the Company’s near and long-term outlook and accurately ascribe fair value to Terran’s (LLAP) business for all its stakeholders,\" LMT's letter said. Boca Raton, Fla.-based Terran (LLAP) manufactures nanosatellites and microsatellites for commercial and government organizations, and also provides satellite solutions. The company last month came to an agreement with activist investors who had been pushing for the start of a strategic review and the ouster of Terran's (LLAP) top boss.  The Wall Street Journal last December said that Terran (LLAP) was looking to sell itself. The company's CEO had later denied the report, though the satellite maker had confirmed that it had started a formal review of strategic alternatives.  More on Terran Orbital and Lockheed Martin  Terran Orbital: A High-Risk Bet For Investors Willing To Embrace A Bumpy Ride Terran Orbital up 13%, shows $70M year-end cash balance Seeking Alpha’s Quant Rating on Terran Orbital Defying Odds: Why Lockheed Martin Remains A Premier Investment Choice Lockheed Martin: Problems Are Piling Up","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}