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) is set to launch its LunIR satellite from NASA's Kennedy Space Center on August 29 at 8:33 a.m. E.T. The lunar satellite aims to capture images of the Moon's surface using an advanced infrared imager, contributing to future exploration efforts. Developed in partnership with Lockheed Martin, this mission emphasizes the collaboration between aerospace leaders in support of NASA's Artemis program. The launch will be streamed live and Kongsberg Satellite Services will manage ground operations.
Terran Orbital Corporation (NYSE: LLAP) has integrated its Lunar Infrared imaging spacecraft, LunIR, into NASA’s Space Launch System (SLS) for the Artemis I mission. This mission aims to test SLS's ability to carry the Orion capsule, astronauts, and cargo to the Moon. LunIR will collect thermographic data during a flyby and perform technology demonstrations for future Mars missions. Developed in collaboration with Lockheed Martin, LunIR features innovative systems for lunar mapping and communication with ground stations worldwide.
Terran Orbital Corporation (NYSE: LLAP) welcomed General John Raymond, Chief of Space Operations, U.S. Space Force, to its facilities in Irvine, California on August 16. The visit included a corporate briefing on the development of 52 satellite buses for Lockheed Martin, supporting the Space Development Agency's Transport Layer programs. Additionally, General Raymond was updated on the lunar-bound CAPSTONE mission, recently recognized as SmallSat Mission of the Year. CEO Marc Bell expressed enthusiasm for ongoing collaboration with the U.S. Space Force.
Terran Orbital Corporation (NYSE: LLAP) has successfully delivered LunIR, a 6U satellite, to NASA’s Kennedy Space Center for the Artemis 1 mission. LunIR will collect lunar surface data and conduct technology demonstrations critical for deep-space operations. This satellite, developed in partnership with Lockheed Martin, aims to provide insights into lunar and Martian exploration. The mission's results may enhance NASA's plans for long-duration space missions.
Terran Orbital Corporation (NYSE: LLAP) will participate in the 2022 Space Warfighting Integration Forum on August 19 in Colorado Springs. The event, sponsored by the National Defense Industrial Association, aims to discuss space warfighting capabilities.
Roger Teague, President of Defense and Intelligence Systems at Terran Orbital, will present on the panel titled Going Fast: Opportunities and Challenges for Delivering Capabilities to the Warfighter. He will share the stage with leaders from Lockheed Martin, Stellar Solutions, and Aerospace's Defense Systems Group.
Terran Orbital Corporation (NYSE: LLAP) will participate in the Baird Newly Public Company Virtual Access Day on August 17, 2022. Company executives, including Co-Founder and CEO Marc Bell, will present at 1:10 p.m. ET. The event will be fully virtual, with one-on-one meetings scheduled throughout the day. Terran Orbital, a leader in small satellite manufacturing, primarily serves the United States and Allied aerospace and defense industries, offering comprehensive satellite solutions.
Terran Orbital Corporation (NYSE: LLAP) has been awarded the Mission of the Year for its CAPSTONE satellite, recognized at the Small Satellite Conference. CAPSTONE, developed in partnership with NASA, is pivotal to the Artemis program, testing a new lunar orbit that enhances spacecraft capability and reduces operational costs. This 55-pound spacecraft will complete its mission by validating innovative navigation technologies crucial for future lunar missions. It is set to reach the Moon on November 13, after achieving a significant milestone in orbit dynamics.
Terran Orbital Corporation (NYSE: LLAP) will participate in the Canaccord Genuity 42nd Annual Growth Conference on August 11 in Boston, MA. CFO Gary Hobart will present at 9:30 a.m. ET and conduct one-on-one meetings that day. The company is recognized for its end-to-end satellite solutions, supporting the U.S. and allied aerospace and defense sectors. For more, visit www.terranorbital.com.
Terran Orbital Corporation (NYSE: LLAP), a leader in satellite solutions, will present at the Jefferies Industrials Conference on August 10 at 1:00 p.m. ET in New York. CEO Marc Bell and CFO Gary Hobart will represent the company and conduct one-on-one meetings during the event. Terran Orbital specializes in small satellites, providing comprehensive solutions that include design, production, launch planning, and mission operations for the U.S. and allied defense sectors. More details can be found on their website.
Terran Orbital Corporation (NYSE: LLAP) reported a record revenue of $21.4 million for Q2 2022, marking a 127% increase year-over-year. Their backlog surged to $224.1 million, a 200% growth since December 2021. Despite a net loss of $32.3 million, improved operational highlights included delivery of satellites for NASA and Lockheed Martin. The company emphasized growth opportunities, citing a pipeline worth over $16 billion and plans to enhance manufacturing capacity with a new facility in Irvine, California, projected to open in fall 2022.