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 Corporation (NYSE: LLAP) announced the successful launch of its lunar satellite LunIR, supporting NASA's Artemis program. This is the second lunar satellite launched by the company this year, following CAPSTONE, which entered orbit on November 13. LunIR aims to collect surface thermography data from the Moon, showcasing advanced infrared imaging technology. The mission was achieved through a collaboration with Lockheed Martin and was launched from the Kennedy Space Center.
Terran Orbital Corporation (NYSE: LLAP) announced the successful arrival of its CAPSTONE spacecraft in a Near-Rectilinear Halo Orbit around the Moon on November 13. This milestone supports NASA's Artemis missions, paving the way for future lunar exploration. CAPSTONE aims to deliver valuable data about operations in NRHO and will demonstrate new technologies, enhancing inter-satellite communications. The mission, launched on June 28, showcases Terran Orbital’s capabilities in satellite design and operations, marking a significant achievement in commercial space exploration.
Terran Orbital Corporation (NYSE: LLAP) reported significant growth for Q3 2022, with revenue reaching $27.8 million, up 171% from the previous year. A $100 million investment from Lockheed Martin and a new Strategic Cooperation Agreement extend collaboration through 2035. The company's backlog is $198 million, a 168% increase since the start of the year, while headcount rose to over 440. However, net loss stood at $27.4 million, though improved from Q2 2022.
Terran anticipates continued contract execution and plans to open a new manufacturing facility in California in Q1 2023.
Terran Orbital Corporation (NYSE: LLAP), a leader in satellite solutions, will participate in the Deutsche Bank 2022 Virtual Global Space Summit on November 10, 2022, at 2:30 p.m. ET. Co-Founder and CEO Marc Bell, along with CFO Gary Hobart, will present at the summit, which focuses on the economic landscape and opportunities in the space sector. The event features insights from executives and investors, highlighting trends in equity and debt markets for space companies.
Terran Orbital Corporation (NYSE:LLAP) will participate in the 52nd Annual Baird Global Industrial Conference at the Ritz Carlton Chicago from November 8 to November 10. CFO Gary Hobart is scheduled to present on November 8 at 3:30 p.m. CT and will also hold one-on-one interviews. The conference connects leaders from over 250 companies in sectors like Aerospace, Defense, and Industrial Equipment. Terran Orbital specializes in satellite-based solutions for military, civil, and commercial clients, providing comprehensive services from design to on-orbit support.
Terran Orbital Corporation (NYSE: LLAP) announced that it will host its third quarter 2022 results conference call on November 9, 2022, at 11:00 a.m. ET. The call will feature Co-Founder and CEO Marc Bell and CFO Gary Hobart discussing operational and financial results for the quarter ending September 30, 2022. The results will be published before the market opens on the same day. Participants can access the call via designated phone numbers or register for a live webcast, which will also be available for replay on the company’s investor relations website.
Terran Orbital Corporation (NYSE: LLAP) has secured a $100 million investment from Lockheed Martin (NYSE: LMT) through a note and warrant purchase agreement. The funds aim to enhance Terran Orbital's manufacturing capabilities and expand satellite production. Alongside this investment, a Strategic Cooperation Agreement with Lockheed Martin has been established, lasting until 2035, to broaden collaboration opportunities. Terran Orbital plans to address unmet market needs by introducing new products, including synthetic aperture radar satellites, while shifting focus away from its own satellite constellation development.
Terran Orbital Corporation (NYSE: LLAP) announced that its Co-Founder and CEO, Marc Bell, will present at the ASCEND 2022 Conference in Las Vegas on Monday, October 24 at 5:00 p.m. PT. He will be part of the Semper Citius - Deliver Satellites 'Always Faster' panel discussion alongside notable industry leaders from Lockheed Martin and the Space Development Agency. Terran Orbital specializes in comprehensive satellite solutions for the United States and its allies, focusing on the aerospace and defense sectors.
Terran Orbital Corporation (NYSE: LLAP) announced that its developed PropCube will be permanently displayed at the Smithsonian’s National Air and Space Museum starting October 14, 2023. The PropCube is a significant advancement in CubeSat technology, co-invented by Dr. Jordi Puig-Suari. The exhibition, titled One World Connected, explores the impact of satellites on global connectivity. The PropCube has previously conducted ionospheric research for the Naval Research Laboratory, making this display a notable achievement for the company and its contributions to aerospace technology.
Terran Orbital Corporation (NYSE: LLAP) is set to present at the 2022 MilSat Symposium on October 13. CEO Marc Bell will be part of the Crafting Launch Services for DoD Requirements panel at 4:30 p.m. ET. The event will occur at the Computer History Museum in Mountain View, California. This symposium concludes Silicon Valley Space Week and focuses on innovative solutions for enhancing space asset defense.
Terran Orbital specializes in satellite solutions for the U.S. and Allied defense sectors.