Lockheed Martin Corporation (NYSE:LMT) agreed to acquire Software-defined Satellite Assets of Garvey Spacecraft Corporation from Garvey Spacecraft Corporation on December 13, 2019. The transaction has been approved by the U.S. Bankruptcy Court. Transaction included a temporary loan from Lockheed Martin to the seller as debtors-in-possession while the seller continued to operate during their Chapter 11 case and a court-approved bankruptcy auction process prior to closing the acquisition. Elizabeth Donley, Chris Donoho, John Beck and Meryl Bernstein of Hogan Lovells acted as legal advisors to Lockheed Martin. Lockheed Martin Corporation (NYSE:LMT) completed the acquisition of Software-defined Satellite Assets of Garvey Spacecraft Corporation from Garvey Spacecraft Corporation on March 4, 2020.