Spacecraft maker Terran Orbital ‘looking at everything,' CEO says after Lockheed Martin takeover bid

Satellite manufacturer Terran Orbital is considering options for its future, including an acquisition offer from Lockheed Martin. The CEO, Marc Bell, stated in an interview that the company is open to exploring all possibilities and is focused on maximizing value for shareholders. Bell revealed that they hired Jefferies to conduct a strategic review, which includes evaluating new investors and potential sale of the company. Lockheed Martin’s proposal values Terran Orbital at around $600 million. Bell expressed satisfaction with the validation the offer provides for Terran Orbital.