“Lockheed Decision Sends This Satellite Stock Tumbling 20%”
May 9, 2024
“Lockheed Martin said it won’t buy a satellite start-up, sending shares of the latter sharply lower. The defense company said in a regulatory filing on Thursday that it withdrew its $1 per share bid for the stock in satellite solutions provider Terran Orbital that it doesn’t already own. Terran stock was down 20.% in Friday’s premarket trading at $1.03 a share, while and futures were up 0.3% and 0.6%, respectively…”
https://finance.yahoo.com/m/fe99f2e1-558f-3dc2-8e8d-33175867ef0c/lockheed-decision-sends-this.html