Welcome to our dedicated page for Terran Orbital news (Ticker: LLAP), a resource for investors and traders seeking the latest updates and insights on Terran Orbital stock.
Terran Orbital Corp (LLAP) is a leader in end-to-end satellite solutions for aerospace and defense sectors, combining advanced design with robotic manufacturing. This page serves as the definitive source for tracking the company’s latest developments, financial updates, and mission-critical achievements.
Investors and industry professionals will find curated press releases covering earnings announcements, strategic partnerships, government contracts, and technological innovations. Our repository ensures timely access to operational milestones like new satellite deployments, manufacturing expansions, and R&D breakthroughs in modular spacecraft systems.
All content is organized to highlight LLAP’s progress in mission operations, defense applications, and commercial space technology. Bookmark this page for streamlined monitoring of the company’s evolving role in next-generation satellite infrastructure and space exploration initiatives.
Tyvak International, a subsidiary of Terran Orbital (NYSE: LLAP), has successfully launched and deployed IPERDRONE.0 for the Italian Space Agency. The satellite was launched on SpaceX's Transporter 11 mission from Vandenberg Space Force Base on August 16th, 2024. First contact has been established, and the team is working on commissioning the vehicle.
IPERDRONE.0 is part of a larger program aimed at demonstrating new technologies, inspecting space assets, and eventually returning spacecraft to Earth. This first mission focuses on validating proximity operations algorithms, inspection cameras, and propulsion systems. Tyvak International is responsible for hardware and software development, assembly, integration, testing, and launch integration, as well as on-orbit operations from their Mission Operations Center in Turin.
Terran Orbital's subsidiary, Tyvak Nano-Satellite Systems, has been awarded a $254 million contract by the Space Development Agency (SDA) to produce 10 satellites for the Tranche 2 Transport Layer (T2TL) Gamma. The company will design, build, integrate, test, and deliver these satellites based on its Ambassador platform. The T2TL Gamma satellites will enhance future kill chain capabilities through the Proliferated Warfighter Space Architecture (PWSA).
This contract adds to Terran Orbital's existing collaborations with the SDA, including production of 36 space vehicles for T2TL Beta and 18 for the T2 Tracking Layer in partnership with Lockheed Martin. The company has already delivered 10 buses for Tranche 0 and is manufacturing 42 buses for Tranche 1, with launches scheduled for late 2024 and 2025.
Terran Orbital (NYSE: LLAP) has announced the scheduled launch of its Pathfinder-R (PTD-R) and Pathfinder-4 (PTD-4) spacecraft on August 16. These 6U Triumph class space vehicles will be part of SpaceX's Transporter-11 Rideshare mission from Vandenberg Space Force Base. The spacecraft are components of NASA's Pathfinder Technology Demonstrator (PTD) series, designed to test various technologies in low-Earth orbit.
PTD-4 will test NASA's LISA-T solar panel system, which unfolds in space to reveal a large solar panel with a built-in antenna. PTD-R carries Lawrence Livermore National Lab's Deep Purple payload, featuring two monolithic telescopes for UV and VIS/SWIR imaging. The mission aims to observe UV and SWIR light from high-UV stars and demonstrate space domain awareness.
Lockheed Martin [NYSE: LMT] has announced a definitive agreement to acquire Terran Orbital [NYSE: LLAP], a leader in satellite-based solutions for aerospace and defense industries, for an enterprise value of approximately $450 million. The acquisition aims to expand Lockheed Martin's advanced satellite manufacturing and responsive space capabilities. Terran Orbital brings high throughput, robotic manufacturing capacity and high-performing modular space vehicle designs to the table.
The transaction, expected to close in Q4 2024, involves Lockheed Martin acquiring Terran Orbital for $0.25 in cash per share and retiring its existing debt. A new $30 million working capital facility has been established. Upon closing, Terran Orbital will remain a commercial merchant supplier to the industry. The acquisition builds on a seven-year working relationship and aligns with Lockheed Martin Space's strategic plans to meet customer demands for advanced technology and faster product development.
Terran Orbital (NYSE: LLAP) has received a certificate of occupancy for its new 94,000 square foot space vehicle assembly facility in Irvine, California. The facility, located on a five-acre site, is expected to triple the company's current capacity for space vehicle assembly, integration, and testing upon completion.
Key points:
- Existing facilities will be dedicated to manufacturing components and modules
- The new facility will feature advanced robotics to boost capacity and production speed
- Terran Orbital aims to complete cleanroom construction and begin occupancy in Q1 2025
This expansion is part of Terran Orbital's efforts to optimize production efficiency and enhance vertical integration capabilities.
Terran Orbital (NYSE: LLAP) has announced the launch of an at-the-market (ATM) offering program, allowing the company to offer up to $98 million of its common stock. The program will be conducted through H.C. Wainwright & Co., as the sales agent. However, due to certain debt document restrictions, Terran Orbital is currently to selling 26,362,513 shares unless it obtains required consent for more.
CEO Marc Bell stated that the ATM program aims to provide customers and vendors with additional confidence in the company's capital adequacy for managing current and future programs. The move is intended to support Terran Orbital's ability to deliver maximum value to customers and stakeholders as business pipeline opportunities convert to awards.
Tyvak International, a subsidiary of Terran Orbital (NYSE: LLAP), announced that its Milani satellite has successfully passed the Qualification and Acceptance Review. Delivered to the European Space Agency (ESA) in March 2024, the satellite completed rigorous system level testing with the Hera mothercraft at ESTEC. Milani is designed for visual inspection and dust detection of the Didymos asteroid post-DART impact. Scheduled for launch in late 2024, it will be one of ESA's first deep-space nanosatellites. Tyvak International managed the design, build, and mission operations. The team is now preparing for launch activities in September 2024, with an expected launch in October 2024.
Terran Orbital (NYSE: LLAP), a leading provider of satellite-based solutions for aerospace and defense, has been awarded the 2024 'Best Business of the Year' by the Greater Irvine Chamber.
This accolade recognizes the company's dedication, innovation, and contribution to the local business community. Terran Orbital's COO Peter Krauss accepted the award, highlighting the team's resilience and commitment. The Greater Irvine Chamber awards companies that excel in performance and innovation, contributing significantly to Irvine's business community.
Terran Orbital, a leading provider of satellite-based solutions, announced a Memorandum of Understanding (MOU) with Hanwha Systems. This agreement marks a significant step in their partnership, focusing on collaborative research and development of advanced solar and satellite technologies. The partnership aims to bolster defense capabilities in both the US and South Korea and expand each company's geographic presence. Terran Orbital and Hanwha Systems will share resources and knowledge to accelerate innovation and deliver cost-effective solutions. This collaboration positions both companies as leaders in the global satellite industry, with a focus on delivering cutting-edge technologies for defense and government projects.
Terran Orbital (NYSE: LLAP) announced receiving a notice from the New York Stock Exchange (NYSE) on June 17, 2024, due to non-compliance with Section 802.01C of the NYSE Listed Company Manual. The company’s stock price averaged below $1.00 per share over a consecutive 30-day period, triggering the notice. This does not immediately delist the company, and it has a six-month period to rectify the situation. Compliance can be regained if the stock price closes at or above $1.00 per share both on the last trading day of any calendar month and over a 30-day period within the cure period. Terran Orbital is considering options, including a reverse stock split, subject to shareholder approval. The notice does not affect the company’s current listing, business operations, or SEC reporting requirements.
FAQ
What is the current stock price of Terran Orbital (LLAP)?
What is the market cap of Terran Orbital (LLAP)?
