Lockheed Martin acquires smallsat manufacturer Terran Orbital
The acquisition positions Lockheed to leverage Terrans expertise in low-cost satellite production for both military and commercial ventures.
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The acquisition positions Lockheed to leverage Terrans expertise in low-cost satellite production for both military and commercial ventures.
The agreement follows nearly six months after Lockheed Martin initially proposed acquiring Terran Orbital.
In his new role at Terran Orbital, Krauss will oversee all engineering, manufacturing, supply chain, business development, and marketing functions, as well as our international operations.
The company has flight heritage in GEO from three previous GEO missions, including the Lockheed Martin LINUSS mission.
The contract will integrate payloads onto the space vehicle platforms to support specific US Space Force missions.
Gingiss was Chief Operating Officer of Virgin Orbit and had been with the company since 2021.
The agreement brings together Rivadas LEO satellite network and OKAPI:Orbits Space Traffic Management SaaS solution.
The satellites will combine inter-satellite links with advanced onboard data routers to create an optical backbone in space.
Terran Orbital will continue to support Lockheed Martin for the NDSA, with a contract to build 42 satellites for the Tranche 1 Transport Layer.
The Tranche 1 Transport Layer is a mesh network of optically interconnected satellites for a data transport system.
Lockheed is a strategic investor and partner of Terran Orbital, which manufactures Lockheed's 150 kg LM-50 bus.
In addition, the company will expand its manufacturing capabilities in California.
