Terran Orbital Corp. (NYSE: LLAP), which has the bulk of its operations in Irvine, says it is exploring various options for the satellite maker’s future, including a possible sale of the company.
“The company has engaged Jefferies LLC to provide transaction advisory services in connection with this process, which may include an investment, sale of the company, ‘take private’ transaction or an alternative strategic relationship,” Terran Orbital said in a regulatory filing yesterday.
Separately, a group of investors has issued a statement reiterating its call for the Terran board to separate the roles of chairman and chief executive officer following various statements made by Marc Bell, who currently has both roles.
Terran Orbital, based in Florida, was down 1.2% at 77 cents per share for a market cap of $151 million in after-hours trading.
