Aug 15 (Reuters) - Terran Orbital Corp ( LLAP ):

* LOCKHEED MARTIN TO ACQUIRE TERRAN ORBITAL

* TERRAN ORBITAL ( LLAP ): LOCKHEED WILL ACQUIRE TERRAN ORBITAL FOR $0.25 IN CASH FOR

EACH

OUTSTANDING SHARE OF COMMON STOCK

* TERRAN ORBITAL CORP ( LLAP ): ENTERPRISE VALUE OF TRANSACTION IS APPROXIMATELY $450

MILLION

* TERRAN ORBITAL CORP ( LLAP ): ON CLOSING, TERRAN ORBITAL TO REMAIN COMMERCIAL

MERCHANT

SUPPLIER TO INDUSTRY

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