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Intuitive Machines to buy satellite maker Lanteris for $800M
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Intuitive Machines to buy satellite maker Lanteris for $800M
Houston-based aerospace company Intuitive Machines has agreed to buy satellite manufacturer Lanteris Space Systems for $800 million from private equity firm Advent International.Intuitive Machines co-founder, president and CEO Steve Altemus said the combined revenue of his company and Palo Alto, California-based Lanteris exceeded $850 million as of Sept. 30, and their backlog of orders totaled $920 million.Until recently, Lanteris operated as Ma…
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