Lockheed Closes Terran Orbital Buy, CEO Marc Bell ‘Separated’

Terran's cash burn, including spending on brand new factories, could no longer be sustained.

Credit: Terran Orbital
Lockheed Martin has formally closed its acquisition of Terran Orbital, its financially troubled satellite bus supplier. Marc Bell, Terran Orbital’s co-founder, chairman and CEO, was “separated” from the company upon close of the acquisition, an Oct. 30 filing with the Securities and Exchange...
Garrett Reim

Based in the Seattle area, Garrett covers the space sector and advanced technologies that are shaping the future of aerospace and defense, including space startups, advanced air mobility and artificial intelligence.

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