PARIS — Struggling small-satellite manufacturer Terran Orbital, which flirted with bankruptcy in recent months before accepting a $450 million buyout offer from minority shareholder and major customer Lockheed Martin, has agreed to pay Chief Executive Marc Bell $6 million in cash to smooth the transition to Lockheed ownership.
The bonus pool, totaling $9 million, includes $1 million reserved for other Terran executives and $2 million for employees to be selected by Bell. The pool’s goal is “to retain and incentivize key executive officers and employees through the consumption . . .
To view the entire article, become a subscriber!
