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Lockheed Martin has completed its acquisition of small satellite manufacturer Terran Orbital for approximately $450 million, enhancing its presence in the commercial satellite sector. The partnership, which began in 2017, allows Lockheed to utilize Terran's expertise in low-cost satellite production while Terran continues to operate as a merchant supplier. This acquisition follows a challenging financial period for Terran, which faced cash flow issues earlier this year.
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