Friday, December 2, 2022

Terran Orbital stock rises after spacecraft builder raises $100 million from Lockheed Martin

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  • Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin.
  • Terran noted that the investment comes with a new cooperation agreement “to pursue a wider variety of opportunities” alongside the defense giant.
  • CNBC previously reported that Terran was among the space SPAC stocks seeking capital, with several companies facing a cash crunch.

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Disclaimer: This story is generated from RSS Feed and has not been created or edited by Waba News. Publisher: CNBC

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