Insider Brief
- Lockheed Martin announced it has finalized its acquisition of Terran Orbital along with its subsidiary, Tyvak International.
- Following the acquisition, Terran Orbital will operate under the name “Terran Orbital, a Lockheed Martin Company,” reporting to Lockheed Martin’s Space division.
- Despite this change, Terran Orbital will remain a merchant supplier, continuing to serve diverse customers across military, civil, and commercial markets.
Lockheed Martin announced it has finalized its acquisition of Terran Orbital, a key player in manufacturing modular spacecraft for defense and aerospace markets, along with its subsidiary, Tyvak International. This strategic move aims to strengthen Lockheed Martin’s capabilities in satellite production, especially given their ongoing collaborations on various projects, including those for the Space Development Agency and Lockheed Martin’s technology demonstrations.
Robert Lightfoot, President of Lockheed Martin Space, expressed enthusiasm for the deal, emphasizing that the combined efforts would accelerate innovation and improve the delivery of advanced space solutions. He stated that Terran Orbital’s entrepreneurial drive would complement Lockheed Martin’s established scale, offering faster and more integrated capabilities to meet a wide range of commercial, civil, and national security requirements.
Terran Orbital’s expertise lies in offering customizable spacecraft with modular designs and mission services. By integrating these platforms with Lockheed Martin’s payload and mission systems expertise, the acquisition could lead to faster production and advanced space solutions. The partnership will also focus on utilizing automation and robotics to boost manufacturing efficiency and testing processes.
Following the acquisition, Terran Orbital will operate under the name “Terran Orbital, a Lockheed Martin Company,” reporting to Lockheed Martin’s Space division. Despite this change, Terran Orbital will remain a merchant supplier, continuing to serve diverse customers across military, civil, and commercial markets. Their services will span from satellite design to in-orbit support, providing comprehensive mission solutions.
The newly integrated company operates out of several strategic locations, including Florida, California, Georgia, Virginia, and Italy, and aims to leverage Lockheed Martin’s infrastructure for further growth. The acquisition was originally announced on August 15, 2024.
Image credit: Lockheed Martin
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