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 Corporation (NYSE: LLAP) generates frequent news as a manufacturer of satellite products and satellite-based solutions for the aerospace and defense industries. Company and subsidiary announcements cover contract awards, launch milestones, facility expansions, capital markets activity, and major corporate developments involving partners such as the U.S. Space Development Agency, NASA, the European Space Agency, the Italian Space Agency, and Lockheed Martin.
News items highlight Terran Orbital’s role in the Space Development Agency’s Proliferated Warfighter Space Architecture, where Terran Orbital and Tyvak Nano-Satellite Systems provide satellite buses and complete satellites for multiple tranches of the Transport Layer and Tracking Layer. Updates often describe design and production progress, delivery of satellite buses, and launch schedules for low Earth orbit constellations that support secure communications, data transport, and missile-tracking capabilities.
Subsidiary Tyvak International SRL features in European-focused coverage, including milestones for missions such as IPERDRONE.0 for the Italian Space Agency and the Milani nanosatellite for ESA’s Hera planetary defense mission. These stories describe successful launches, qualification and acceptance reviews, and preparations for deep-space operations and asteroid inspection.
Additional LLAP news includes announcements about NASA Pathfinder Technology Demonstrator missions using Terran Orbital’s Triumph spacecraft bus, recognition such as the Greater Irvine Chamber’s “Best Business of the Year” award, and updates on new manufacturing facilities that expand space vehicle assembly capacity. Capital-related disclosures, such as the launch of an at-the-market offering program, and corporate developments like Lockheed Martin’s definitive agreement to acquire Terran Orbital, also appear in the news flow.
Investors and followers of LLAP can use this news page to review historical and ongoing updates on contracts, launches, facilities, financing programs, and strategic transactions that shape Terran Orbital’s role in satellite manufacturing and space missions.
Terran Orbital reported record revenues of $94.2 million for 2022, a 130% increase year-over-year, driven by significant contracts including a major $2.4 billion deal with Rivada Space Networks for 300 satellites. Despite the revenue growth, the company experienced a net loss of $164 million, up from $139 million in the previous year, largely due to increased costs and operational expenses. The backlog grew by 131% to $170.8 million, excluding the Rivada contract. Looking ahead, the company is expanding its manufacturing capacity and is set to deliver 42 Transport Layer satellites in 2023.
Terran Orbital Corporation (NYSE: LLAP) announced that Co-Founder, Chairman, and CEO Marc Bell, along with CFO Gary Hobart, will present at the Sidoti Small-Cap Virtual Investor Conference. The presentation is scheduled for Wednesday, March 22 at 2:30 p.m. E.T. Interested parties can access the presentation here. One-on-one meetings will take place on March 22 and March 23.
Terran Orbital Corporation (NYSE: LLAP) announces Co-Founder and CEO Marc Bell will speak at the SATELLITE 2023 conference, held at the Walter E. Washington Convention Center in Washington, D.C. from March 13-16, 2023.
Bell will join the SmallSat Builder CEOs: Bringing Innovation to the Space Supply Chain panel on March 15 at 10:45 a.m. E.T. Fellow panelists include leaders from Kongsberg NanoAvionics, Sidus Space, Airbus U.S. Space and Defense, and Millennium Space Systems.
Terran Orbital Corporation (NYSE: LLAP) announced that its Co-Founder and CEO, Marc Bell, has been recognized in the South Florida Business Journal’s 2023 Power Leaders 250 List. Bell is a five-time unicorn founder and previously took a SPAC public, acquiring Armour Residential REIT (NYSE: ARR). Under his leadership, Terran Orbital secured a significant $2.4 billion contract to produce 288 low-earth orbit satellites for Rivada Space Networks, marking the largest small satellite production contract to date. Additionally, a $100 million investment from Lockheed Martin and a new Strategic Cooperation Agreement were established, enhancing partnership opportunities.
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Marc Bell, a serial entrepreneur and five-time unicorn founder, has been accepted into the Forbes Technology Council. Currently serving as Chairman and CEO of Terran Orbital (NYSE: LLAP), Bell was selected based on his substantial experience and track record of business growth. Membership provides access to a curated network and exclusive opportunities, including collaboration with other leaders and contributions to expert articles on Forbes.com. Bell emphasized the significance of space technology in modern society and looks forward to sharing insights from his 30-year career.
Terran Orbital Corporation (NYSE:LLAP) announced a $2.4 billion contract awarded to its subsidiary, Tyvak Nano-Satellite Systems, to design, build, and deploy 288 low-earth orbit satellites for Rivada Space Networks. Alongside these, 12 spare satellites will also be developed, totaling 300 spacecraft. This contract marks a significant step in satellite manufacturing and operational planning, with Rivada aiming to launch its constellation by 2025, pending regulatory approvals. CEO Marc Bell expressed enthusiasm about the partnership, highlighting Terran Orbital's ongoing commitment to aerospace and defense industries.
Terran Orbital Corporation (NYSE: LLAP) has announced that Matthew DeLaquil, Vice President of RF Systems, will present at SpaceCom 2023 on February 23 at 11:15 a.m. E.T.. The event, part of the 49th Space Congress, will take place in Orlando, Florida. DeLaquil will join other industry leaders on the panel titled Creating a Robust & Sustainable ISAM Ecosystem, moderated by David Buck. Terran Orbital specializes in manufacturing satellite products for the aerospace and defense sectors, offering comprehensive solutions from design to on-orbit support.
Terran Orbital Corporation (NYSE: LLAP) announced that Co-Founder and CEO Marc Bell will present at Citi's 2023 Global Industrial Tech and Mobility Conference in Miami on February 21 at 3:30 p.m. ET. The event will feature a fireside chat moderated by Citi Equity Research Analyst Jason Gursky alongside Mike Safyan from Planet Labs. Attendees are encouraged to reach out for registration details and schedule one-on-one meetings with the company.
Terran Orbital Corporation (NYSE: LLAP) announced that Vice President Michael Pavloff will present at the SmallSat Symposium 2023 from February 7-9 in Mountain View, CA. Pavloff will join a panel on Challenges of SmallSat Manufacturing at Scale on February 8 at 10:45 a.m. P.T.. His fellow panelists represent notable organizations including Airbus and LeoStella. Terran Orbital is recognized for its end-to-end satellite solutions serving the aerospace and defense sectors.