How Lockheed Martin Bought a Space Company for 75% Off
Lockheed Martin(LMT) The Motley Fool·2024-08-25 19:07
By waiting until its target had no other option but to say "yes," Lockheed Martin got a great price on Terran Orbital.Patience, as the saying goes, is a virtue. It also turns out to be quite useful if you're reluctant to overpay for a stock -- as defense and aerospace giant Lockheed Martin (LMT -0.36%) just discovered.It's been five months now since Lockheed Martin first expressed interest in buying tiny Terran Orbital (LLAP -3.84%), a one-time SPAC company that grew into a key subcontractor of satellites f ...