Lockheed Martin Officially Acquires Orbital Satellite Manufacturers

The Orbital Terran has been acquired by Lockheed Martin (photo: dock. Orbital Terran)

JAKARTA Lockheed Martin, aerospace company from the US, has completed acquiring Terran Orbital on October 30. Now, the commercial satellite company is officially under the auspices of Lockheed Martin.

This acquisition deal is worth US$450 million (Rp7 billion). With the end of this acquisition process, the partnership between Lockheed Martin and Terran Orbital has been running since 2017 officially ended.

Robert Lightfoot, President of Lockheed Martin Space, said that this acquisition would strengthen Lockheed's position in the aerospace industry. Orbital Terran capabilities can encourage more opportunities in creating technological constraints and space solutions.

"We welcome their dedication and dedication to ensuring the success of the mission," said Robert. "Together, we can provide our combined innovations and services with a sense of greater urgency to support our customers' commercial, civilian and national security needs."

According to Lockheed, Terran Orbital always offers the best adjustable spacecraft, including exchangeable components and space mission services. If combined with the Lockheed mission, the company believes the two can be more resilient.

After being acquired, Terran Orbital will be referred to as 'Orbital Terror, Lockheed Martin Company'. The location of this satellite manufacturer will remain in Boca Raton, Melbourne, Florida, Santa Maria, California, Atlanta, Georgia, Virginia, Italy, and others.

Lockheed insists that the tasks of Terran Orbital will not change. The company will remain a component supplier and provide solutions in the form of merging satellite designs, production, launch planning, mission operations, to ride support in orbit.