Lockheed Martin aims to leverage Morocco's manufacturing expertise to strengthen global operations and create local economic opportunities.
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The acquisition positions Lockheed to leverage Terran’s expertise in low-cost satellite production for both military and commercial ventures.
The satellites are part of the military’s Next-Generation Overhead Persistent Infrared (OPIR) program, a defence initiative aimed at enhancing missile threat...
Prior to assuming the post of CFO at Lockheed Martin, Possenriede served as VP of Finance and Programme Management for Lockheed Martin Aeronautics Company.
The agreement follows nearly six months after Lockheed Martin initially proposed acquiring Terran Orbital.
The GeoXO constellation will include three operational satellites — east, west and central.
The new long-term agreement will help provide responsive access to space for future tech demonstration spacecraft.
