Lockheed Martin Amends Terran Orbital Stake Filing

Ticker: LMT · Form: SC 13D/A · Filed: 2024-03-01T00:00:00.000Z

Sentiment: neutral

Topics: 13D-A, ownership-change, defense-contractor, space-technology

Related Tickers: TOI

TL;DR

LM files 13D/A on TOI, ownership details updated.

AI Summary

Lockheed Martin Corp. has amended its Schedule 13D filing regarding Terran Orbital Corporation, reporting a change in its beneficial ownership as of March 1, 2024. The filing details Lockheed Martin's stake and its intentions concerning Terran Orbital's common stock.

Why It Matters

This filing provides insight into the evolving relationship and investment strategy of a major defense contractor in a growing space technology company.

Risk Assessment

Risk Level: medium — Changes in major shareholder filings can indicate shifts in strategic direction or potential future corporate actions that could impact stock price.

Key Players & Entities

FAQ

What is the specific date of the reported change in beneficial ownership?

The date of change reported in this filing is March 1, 2024.

What is the CUSIP number for Terran Orbital Corporation's common stock?

The CUSIP number for Terran Orbital Corporation's common stock is 88105P103.

Who is listed as the contact person for Lockheed Martin's filing?

John E. Stevens is listed as the contact person, with his address and phone number provided.

What was Terran Orbital Corporation's former name?

Terran Orbital Corporation was formerly known as Tailwind Two Acquisition Corp.

What is the primary business address for Lockheed Martin Corporation?

Lockheed Martin Corporation's business address is 6801 Rockledge Drive, Bethesda, MD 20817.

From the Filing

0000936468-24-000019.txt : 20240301 0000936468-24-000019.hdr.sgml : 20240301 20240301170449 ACCESSION NUMBER: 0000936468-24-000019 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240301 DATE AS OF CHANGE: 20240301 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Terran Orbital Corp CENTRAL INDEX KEY: 0001835512 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93351 FILM NUMBER: 24711368 BUSINESS ADDRESS: STREET 1: 6800 BROKEN SOUND PARKWAY, SUITE 200 CITY: BOCA RATON STATE: FL ZIP: 33487 BUSINESS PHONE: (561) 988-1704 MAIL ADDRESS: STREET 1: 6800 BROKEN SOUND PARKWAY, SUITE 200 CITY: BOCA RATON STATE: FL ZIP: 33487 FORMER COMPANY: FORMER CONFORMED NAME: Tailwind Two Acquisition Corp. DATE OF NAME CHANGE: 20201208 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: LOCKHEED MARTIN CORP CENTRAL INDEX KEY: 0000936468 STANDARD INDUSTRIAL CLASSIFICATION: GUIDED MISSILES & SPACE VEHICLES & PARTS [3760] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 521893632 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6801 ROCKLEDGE DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3018976000 MAIL ADDRESS: STREET 1: 6801 ROCKLEDGE DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 SC 13D/A 1 lmtschedule13da-terranorbi.htm SC 13D/A Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549   SCHEDULE 13D   Under the Securities Exchange Act of 1934 (Amendment No. 4)*   TERRAN ORBITAL CORPORATION (Name of Issuer)   Common Stock, par value $0.0001 per share (Title of Class of Securities)   88105P103 (CUSIP Number)   John E. Stevens c/o Lockheed Martin Corporation 6801 Rockledge Drive Bethesda, MD 20817 (301) 897-6000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communication)   March 1, 2024 (Date of Event which Requires Filing of this Statement)   If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐ *The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).   CUSIP No.  88105P103         1   NAMES OF REPORTING PERSONS                Lockheed Martin Corporation             2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP    (a)  ☐      (b)  ☐           3   SEC USE ONLY       4     SOURCE OF FUNDS (See Instructions)             OO             5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)     ☐                 6   CITIZENSHIP OR PLACE OF ORGANIZATION               Maryland             NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING P

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