Focus: Mergers and Acquisitions

Lockheed Martin on Thursday said it has agreed to acquire satellite manufacturer Terran Orbital in a $450 million deal based on enterprise value, a bargain versus the $606 million unsolicited proposal the aerospace and defense giant made in March. Announcement of deal follows Terran’s disclosure on Monday that it has removed from its backlog more than...

Redwire Corp. on Wednesday evening said it has agreed to acquire Hera Systems in a deal that will add additional spacecraft options to its portfolio, including satellites for Geostationary Orbit (GEO). Terms of the deal, which is expected to close in the third quarter, were not disclosed. Redwire said Hera generated $15 million in sales in...

KBR, a provider of science, technology and engineering solutions to governments and companies is acquiring LinQuest, a national security space systems and technology solutions company. KBR announced the $737 million all-cash transaction on July 16. KBR acquires LinQuest from Madison Dearborn Partners (MDP), a private equity firm based on Chicago. The deal is expected to be...

The recent announcement that Luxemburg-based satellite operator SES acquired Intelsat, the former inter-governmental satellite organization, represents the final paragraph of what I describe as the third chapter of the Space Age. The next Space Age chapter has begun and it will change many rules. To make sense of this emerging Space Age environment, we need...

Privateer, a space data company started by Apple co-founder Steve Wozniak, acquired Earth observation (EO) analytics company Orbital Insight in a deal announced May 6. Privateer pitched the acquisition as a way to “make space data and Earth insights more powerful and accessible than ever.”  Privateer said that Orbital Insight’s TerraScope analytics platform will be...

Anuvu is streamlining as it looks to focus on its core markets of in-flight connectivity (IFC), and in-flight and maritime entertainment. The company sold its maritime, energy, and government connectivity business operations to FMC GlobalSat. The deal includes all customers, employees and key operations, and marks a strategic move for both entities to strengthen their...

Lockheed Martin has pulled back on its offer to acquire Terran Orbital, the company disclosed in filings to the Securities and Exchange Commission on May 2. According to the filing, Lockheed Martin withdrew its offer to acquire Terran Orbital for $1 per share on April 30. Lockheed made the bid in early March.  In response to...

Though it long had been the subject of rumors, SES‘s agreement to finally acquire Intelsat still sent shockwaves through the satellite industry as the result will see the merge of two iconic global operators. Via Satellite spoke to a number of analysts to analyze the deal from the strength of the operators’ multi-orbit assets, to...

The anticipated merger of Bayanat, an AI-powered geospatial solutions provider, and Yahsat, the UAE’s flagship satellite operator, is now close to completion. The shareholders of both companies approved the proposed merger of the two Abu Dhabi-headquartered entities to create Space42, a global AI-powered space technology company. Yahsat announced the combined shareholder approval on April 25....

Satellite operator Viasat announced Thursday that it opened its new International Business Headquarters in London following its acquisition of UK-based Inmarsat last year. The Viasat London office will be the home for the company’s integrated teams with a strong focus on technology innovation and scaling execution to support its UK and global customers across maritime,...