Terran Orbital soars after $100 mln Lockheed Martin investment

Orbital

31/10/2022 11:53

** Shares of satellite manufacturer Terran Orbital Corp
 LLAP.N  climb 21.5% at $3.11 premarket 
    ** Lockheed Martin Corp  LMT.N  invests $100 mln in
LLAP urn:newsml:reuters.com:*:nFWN31W3KR
    ** Cos also enter into a strategic cooperation agreement
that runs through 2035, allowing LLAP to pursue a "wider variety
of opportunities" with LMT
    ** LLAP intends to use the funds to acquire additional
satellite assembly space, increase module production
    ** Up to last close, stock had fallen 74.1% YTD
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))