The CEO of Terran Orbital says the company is looking at everything after a takeover bid by Lockheed Martin
The past week saw a one-two punch of U.S. budgets for federal space programs, specifically for NASA and the Space Force. NASA's budget request was underwhelming, with $1.2 billion in less than half the amount needed to be spent on space exploration.
Spacecraft maker Terran Orbital is "looking at everything" regarding the company's future, CEO Marc Bell says. Lockheed Martin's takeover bid for the company was rejected by the U.S. company. The company is looking at its future, Bell said. The CEO of the company says he's "looking" at everything regarding its future.
Lockheed Martin submitted a bid to acquire spacecraft maker Terran Orbital for nearly $600 million. The defense giant revealed the bid in a securities filing on Friday. Lockheed Martin is looking to buy Terran Orbital, a spacecraft maker, for $600million. The bid is expected to be worth nearly $1.5 billion.