Terran Orbital Corporation Adopts Rights Plan to Safeguard Stockholder Interests

Independent Committee of the Board will Determine Course of Action

Terran Orbital Corporation (NYSE: LLAP) has taken a strategic step to protect the interests of its stockholders by announcing the adoption of a limited duration stockholder rights plan (the “Rights Plan”). This move comes in response to a non-binding proposal from Lockheed Martin Corporation (“Lockheed Martin”) to acquire all outstanding shares of the C…