Lockheed Martin: acquisition of satellite manufacturer
October 30, 2024 at 11:44 am EDT
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Lockheed Martin announces that it has completed the acquisition of Terran Orbital, a manufacturer of modular satellites, and its subsidiary Tyvak International.
Terran Orbital, now integrated under the name 'Terran Orbital, a Lockheed Martin Company', will continue to provide complete solutions including design, production, and management of satellite missions, supporting civil, commercial and defense customers.
''The addition of Terran Orbital's entrepreneurial spirit to Lockheed Martin's scale opens up many opportunities to together push the boundaries of technology and space solutions,'' said Robert Lightfoot, president of Lockheed Martin Space.
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Lockheed Martin Corporation specializes in the design, manufacturing and marketing of aeronautic, submarine, and aerospace systems. Net sales break down by activity as follows:
- sale of aeronautic systems (40.7%): military and civilian aircraft, primarily for government organizations;
- sale of helicopters, mission and electronic systems (24%): military and commercial helicopters, ships, sea and land-based missile defense systems, radars, sensors, sea and air-based mission and combat systems, training systems, cyber solutions, command, control and communication systems, surveillance and reconnaissance systems, simulation and training systems, etc.;
- sales of aerospace systems (18.7%): satellite systems, missile systems and space transport systems;
- sale of air defense and fire control systems (16.6%): air and missile defense systems, tactical missiles, precision strike weapons systems, fire control systems, etc. The group also offers support services for mission operations, preparation, technical support, integration services, etc.
Net sales break down by source of income into sales of products (83.3%) and services (16.7%).
Net sales are distributed geographically as follows: the United States (74.3%), Europe (9.5%), Asia/Pacific (8.3%), Middle East (5.8%) and other (2.1%).
LOCKHEED MARTIN CORPORATION 
