Lockheed Martin increases its bet on satellite manufacturer Terran Orbital with $100 million investment

Aerospace giant Lockheed Martin is deepening its investment in satellite manufacturer Terran Orbital with a $100 million investment and a cooperation agreement for the development and sale of smallsats through 2035.
Terran also announced that it will now build its massive, $300 million space vehicle manufacturing facility in Irvine, California, not Florida as originally planned. CEO Marc Bell told press that the company decided to move the facility to California, where Terran Orbital already has a substantial footprint, because it could move into the facilities faster than in Florida. It’s a b

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