Lockheed drops Terran Orbital bid, leaving Terran alone to confront its Rivada Space Networks question

by Peter B. de Selding

PARIS — Lockheed Martin’s decision to drop its bid to purchase smallsat builder Terran Orbital Corp., in which Lockheed is a minority shareholder and major customer, leaves Terran facing the same question that has dogged it for well over a year: What to make of its $2.4-billion Rivada Space Networks contract?

It’s the 300-satellite Rivada deal that seemed to validate Terran Chief Executive Marc Bell’s faith that the satellite constellation market for merchant providers like Terran was taking off, and that . . .

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