{"id":102794,"date":"2020-02-24T20:02:51","date_gmt":"2020-02-25T04:02:51","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2020\/02\/lockheed-to-obtain-vector-satellite-assets"},"modified":"2020-02-24T20:02:51","modified_gmt":"2020-02-25T04:02:51","slug":"lockheed-to-obtain-vector-satellite-assets","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2020\/02\/lockheed-to-obtain-vector-satellite-assets","title":{"rendered":"Lockheed to obtain Vector satellite assets"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/lockheed-to-obtain-vector-satellite-assets.jpg\"><\/a><\/p>\n<p>WASHINGTON \u2014 Lockheed Martin will acquire the satellite technology assets of Vector by default after a bankruptcy court received no qualified bids by a deadline last week.<\/p>\n<p>In a Feb. 24 filing in the United States Bankruptcy Court for the District of Delaware, lawyers overseeing the bankruptcy proceedings for Vector said that they received no qualifying bids for the company\u2019s GalacticSky software-defined spacecraft technology by a Feb. 21 deadline.<\/p>\n<p>As a result, Lockheed Martin, which provided debtor-in-possession financing when Vector filed for Chapter 11 bankruptcy in December, will obtain the assets with a \u201cstalking horse\u201d bid of $4.25 million, <a href=\"https:\/\/spacenews.com\/vector-proceeding-with-sale-of-assets\/\">according to the terms of a Jan. 24 filing<\/a>. That deal will be finalized at a Feb. 28 court hearing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WASHINGTON \u2014 Lockheed Martin will acquire the satellite technology assets of Vector by default after a bankruptcy court received no qualified bids by a deadline last week. In a Feb. 24 filing in the United States Bankruptcy Court for the District of Delaware, lawyers overseeing the bankruptcy proceedings for Vector said that they received no [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1496,2028],"tags":[],"class_list":["post-102794","post","type-post","status-publish","format-standard","hentry","category-law","category-satellites"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/102794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=102794"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/102794\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=102794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=102794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=102794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}