Terran Orbital unlikely to accept Lockheed bid, says H.C. Wainwright

H.C. Wainwright says that given its current level of customer engagement and existing revenue pipeline, the firm would be “somewhat surprised” if Terran Orbital’s board were to accept the current $1 per share buyout offer from Lockheed Martin (LMT). However, the bid serves as a recognition by the industry of the significant opportunities within the space and Terran’s favorable positioning, the analyst tells investors in a research note. The firm continues to value Terran shares at $3.00.