Lockheed Martin Ups Stake in Terran Orbital to 21.7%

TL;DR

LM holds 21.7% of TO, filing shows.

AI Summary

Lockheed Martin Corp. has amended its Schedule 13D filing regarding Terran Orbital Corporation. As of May 2, 2024, Lockheed Martin reported beneficial ownership of 45,000,000 shares of Terran Orbital common stock, representing approximately 21.7% of the outstanding shares. This filing indicates a significant stake held by Lockheed Martin in the space technology company.

Why It Matters

This filing signals Lockheed Martin's continued strategic interest and significant investment in Terran Orbital, potentially impacting future collaborations and market dynamics in the space sector.

Risk Assessment

Risk Level: medium — The filing indicates a substantial ownership stake, which could imply strategic intentions or influence over Terran Orbital's operations, carrying inherent risks for investors.

Key Numbers

• 45,000,000 — Shares Owned (Lockheed Martin's beneficial ownership in Terran Orbital.)
• 21.7% — Ownership Percentage (Represents Lockheed Martin's stake in Terran Orbital as of May 2, 2024.)

Key Players & Entities

• Lockheed Martin Corp. (company) — Filing entity
• Terran Orbital Corporation (company) — Subject company
• John E. Stevens (person) — Contact person for Lockheed Martin
• 45,000,000 (dollar_amount) — Number of shares owned
• 21.7% (dollar_amount) — Percentage of shares owned

FAQ

From the Filing

0000936468-24-000056.txt : 20240502 0000936468-24-000056.hdr.sgml : 20240502 20240502161604 ACCESSION NUMBER: 0000936468-24-000056 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240502 DATE AS OF CHANGE: 20240502 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: 24908509 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. 5)*   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)   April 30, 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