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Marc Bell - 1 Lockheed Martin - 1 Bell - 1 Jefferies - 1 We've - 1
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3 mentions found


☆ Spacecraft maker Terran Orbital 'looking at everything,' CEO says after Lockheed Martin takeover bid
  + stars: | 2024-03-08 | by ( Michael Sheetz Morgan Brennan | Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com   time to read: +1 min
Satellite manufacturer Terran Orbital is "looking at everything" regarding the company's future, CEO Marc Bell told CNBC, as it considers Lockheed Martin' s acquisition offer. "We found out about [Lockheed's takeover bid] when the rest of the world found out about it," Bell said on CNBC's "Manifest Space" podcast. The defense giant is already a significant stakeholder in Terran Orbital, with a 28.3% stake at the time of the proposal. Terran Orbital declined to comment on a shareholder lawsuit filed Wednesday in response to the company's board adopting a "poison pill" stock rights plan after Lockheed's offer. Bell added that Terran Orbital is "thrilled with the validation" that Lockheed's offer gave it.
Persons: Marc Bell, Lockheed Martin, Bell, Jefferies, We've Organizations: CNBC, Lockheed, Terran, Terran Orbital
☆ Terran Orbital stock surges after winning $2.4 billion contract to build satellites for Rivada
  + stars: | 2023-02-22 | by ( Michael Sheetz | ) www.cnbc.com   time to read: +1 min
Terran Orbital shares surged in early trading on Wednesday, after the company announced a $2.4 billion contract to build communications satellites for Rivada Space Networks. The spacecraft builder will design, manufacture and deploy 288 satellites for Rivada out of Terran's Tyvak subsidiary based in Irvine, California. It will also build 12 spare satellites, for a total contract of 300 satellites, and develop portions of the ground support. The company wants to build an interconnected global satellite network, with service to telecommunications, enterprise and government markets. Terran stock jumped over 70% in premarket trading from its previous close of $1.71 a share.
☆ Energy crisis dims festive sparkle in Europe's shops
  + stars: | 2022-11-11 | by ( Mimosa Spencer | ) www.reuters.com   time to read: +4 min
PARIS, Nov 11 (Reuters) - Retailers in Europe are having to strike a delicate balancing act with this year's Christmas displays: how to create enough festive sparkle to loosen cash-strapped customers' purse-strings, while acknowledging the impact of the energy crisis. However, the energy crisis has accelerated plans to "reduce consumption to be a good citizen both socially and environmentally", he added. He said the store was moving faster to reach its goal of shifting entirely to LED lighting and began turning lights off at night in September. "It makes a big difference," said Eleanore de Boysson, region president of Europe and the Middle East for LVMH's travel retail division DFS. Other "small" gestures include only partially lighting the store and its offices during early morning cleaning hours, she added.
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