Lockheed Martin acquires Terran Orbital to save it from going under | TechCrunch Minute

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Lockheed Martin is acquiring satellite manufacturer Terran Orbital. The move would take the company private and potentially rescue it from running out of cash as it faces serious debt. Lockheed Martin Ventures has made several investments in Terran Orbital and already owned a 28.3% stake in the company, so it makes sense that it wants to save the satellite manufacturer from going under.

This episode of the Techcrunch Minute is sponsored by Mammoth Growth.

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