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Bethesda-based Lockheed Martin sends a satellite company’s stock soaring

November 1, 2022

Boca Raton, Florida-based Terran Orbital, which went public earlier this year, soared in early Monday trading after Bethesda, Maryland-based Lockheed Martin said it would invest $100 million in the company. Terran Orbital makes small satellites and has NASA contracts. It said it will use the investment to expand manufacturing. The Strategic Cooperation Agreement with Lockheed runs through 2035. It’s the second investment Lockheed has made in the company.

Article Source: WTOP

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