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 that its subsidiary, PredaSAR Corporation, received a contract from DARPA under an Other Transaction Authority for Prototype Agreement. While specific terms were not disclosed, the project will research synthetic aperture radar (SAR) satellite formation flying concepts and joint data collection techniques. The prototype aims to provide data products from at least two SAR satellites flying in formation, with potential follow-on opportunities for further prototyping and demonstrations.
Terran Orbital Corporation (NYSE: LLAP) has successfully delivered its CubeSat Proximity Operations Demonstration (CPOD) satellite to Cape Canaveral Space Force Station for integration with the SpaceX Transporter-5 launch vehicle. Funded by NASA’s Small Spacecraft Technology program, CPOD aims to validate technologies needed for rendezvous and docking operations using a pair of 3-unit CubeSats. This mission is expected to significantly reduce vehicle mass and costs, leading to future missions. CEO Marc Bell highlighted CPOD's groundbreaking nature and its potential for revolutionary missions.
Terran Orbital Corporation (NYSE: LLAP) reported a 25% increase in revenues to $13.1 million for Q1 2022 compared to Q1 2021. The company signed record contracts worth $162 million and reported a backlog of $222 million, a 200% increase since December 2021. Despite these gains, Terran Orbital incurred a net loss of $71.4 million and faced challenges with cost of sales rising to $16 million due to supply chain pressures. Adjusted EBITDA was a loss of $14.7 million. The company ended with $76.7 million in cash and aims to expand manufacturing capacity throughout 2022.
Terran Orbital Corporation (NYSE: LLAP) has successfully shipped its CENTAURI-5 satellite to Cape Canaveral for the upcoming SpaceX Transporter-5 launch. This satellite is part of a constellation designed by Fleet Space Technologies to enhance global connectivity, particularly for the energy and utilities sectors. The CENTAURI-5 features advanced 3D printed all-metal antenna technology and aims to reduce connectivity costs while improving coverage. As the seventh satellite in Fleet Space's planned constellation, CENTAURI-5 is expected to support technological advancements and improve quality of life worldwide.
Terran Orbital Corporation (NYSE: LLAP) has shipped its CENTAURI-5 satellite to Cape Canaveral for the SpaceX Transporter-5 launch. This satellite is part of a constellation by Fleet Space Technologies aimed at enhancing global connectivity for energy, utilities, and resource sectors. The CENTAURI-5 features innovative 3D printed all-metal patch antenna technology, expected to lower connectivity costs and improve satellite communications. With this launch, Fleet Space aims to expand its satellite constellation with further launches planned in the future.
Terran Orbital Corporation (NYSE: LLAP) has delivered the first of ten satellite buses to Lockheed Martin, supporting the Space Development Agency’s Tranche 0 Transport Layer. This milestone is critical for establishing a secure mesh network that enhances U.S. defense capabilities. The Tranche 0 will facilitate Joint All-Domain Operations and is anticipated to evolve into a more robust network with future Tranche 1 enhancements. Terran Orbital has also secured a contract for building 42 satellites for Tranche 1, marking a significant partnership with Lockheed Martin.
Terran Orbital (NYSE: LLAP) announced the shipment of its CAPSTONE satellite to a launch site in New Zealand to support NASA’s Artemis program. The 12U CubeSat will be launched aboard a Rocket Lab Electron rocket to validate lunar navigation technologies. Designed for a four-month lunar transfer, CAPSTONE aims to establish a stable orbit for future lunar missions, paving the way for sustainable exploration. This mission underscores the collaboration between industry and government for space exploration advancements.
Terran Orbital Corporation (NYSE: LLAP) announces that CFO Gary Hobart has been nominated for the Orange County Business Journal's 15th Annual CFO of the Year Award. This recognition honors senior financial professionals in Orange County for exemplary performance. Hobart has over 30 years of experience in investment management and corporate finance, previously overseeing significant financial improvements for various companies. The award ceremony will occur on May 5, 2022, at the Irvine Marriott, following a special report published on April 4, 2022.
Terran Orbital Corporation (NYSE: LLAP) announced its first quarter 2022 results conference call scheduled for May 13, 2022, at 8:30 a.m. ET. CEO Marc Bell and CFO Gary Hobart will present operational and financial highlights for the quarter ending March 31, 2022. Interested participants can access the call via phone or register for the event online, with a live webcast and replay available on Terran Orbital’s investor relations site.
On May 2, 2022, Terran Orbital Corporation (NYSE: LLAP) announced the shipment of two next-generation satellites to Cape Canaveral for launch on SpaceX's Transporter-5 mission. These satellites are part of GeoOptics's CICERO-2 constellation, aimed at enhancing Earth observation capabilities in monitoring climate change. Developed by Terran's Tyvak International in Italy, the satellites feature a GNSS Radio Occultation system, facilitating faster and more accurate data collection. Both companies underscore the critical need for improved Earth monitoring technologies.