. 24/7 Space News .
Terran Orbital begins trading on the New York Stock Exchange
by Staff Writers
New York NY (SPX) Mar 31, 2022

illustration only

Terran Orbital Corporation (NYSE: LLAP), a leading small satellite manufacturer primarily serving the United States aerospace and defense industry, announced that its common stock and warrants will begin trading on the New York Stock Exchange, March 28, 2022, under the ticker symbols "LLAP" and "LLAP WS", respectively.

Terran Orbital has made significant progress over recent months as it prepared to emerge as a public company. Some of the Company's recent accomplishments include:

+ Growth in remaining contractual performance obligations (revenue backlog) from $68 million as of September 30, 2021, to over $200 million today;

+ Recognized full year 2021 total revenues greater than $40 million;

+ Selected to build 42 satellites for the U.S. Space Development Agency's (SDA) Tranche 1 of the Transport Layer. The award is in addition to the 10 satellites Terran Orbital is building for SDA's Tranche 0 of the Transport Layer;

+ Facility expansion from approximately 60,000 square feet of office, engineering and manufacturing space to over 250,000 square feet in less than a year;

+ Employee growth of 300% over the past year to more than 300 employees and still growing rapidly; and

+ Recognized by the Ukraine Ministry of Defense for providing critical data and images to support the country's defense from Russian attacks.

In 2022 the Company expects to deliver several critical satellites for customer missions, including:

+ LunIR, a satellite for NASA to support surface characterization, remote sensing, and site selection observations of the Moon and launching on the Artemis I mission;

+ Capstone, a satellite for NASA that will serve as a pathfinder for the Lunar Gateway, a future Moon-orbiting human outpost, to demonstrate orbital stability and maintenance requirements;

+ Ten (10) microsatellites to Lockheed Martin in support of SDA's Tranche 0 of the Transport Layer;

+ A two satellite cubesat mission to demonstrate proximity operations and rendezvous in a nanosatellite form factor;

+ An optical earth observation satellite for an international commercial partner;

+ A 6U cubesat technology demonstrator for NASA flying a laser communications terminal designed by MIT Lincoln Laboratory; and

+ A satellite with six electro-optical payloads to support weather observations for the Air Force Research Laboratory.

Terran Orbital Co-Founder, Chairman, and CEO Marc Bell announced, "We are thrilled to bring Terran Orbital forward as a public company. This day marks the latest milestone in a history of achievement and outperformance in the space industry. We expect that as we advance, Terran Orbital will continue to define the small satellite market by combining high-volume manufacturing with fully integrated operations and mission planning capabilities. We are also planning to build one of the world's largest, most advanced persistent earth observation constellations and one of the world's largest vertically integrated satellite manufacturing facilities."

Bell continued: "Our innovative, cost-effective satellite solutions and real-time data offering are validated by our suite of marquee military, commercial and civil customers; an experienced, solutions-focused management team featuring former senior leaders in the U.S. Air Force, U.S. Navy, and U.S. Army. As a public company, we expect to leverage our industry position to capitalize on the exponentially rising demand for small satellites and earth observation data to meet critical government, national security and commercial needs, support human space exploration, and deliver long-term value to our partners and investors."

In order to meet this growing demand, in February 2022 the Company announced its plans to significantly expand its manufacturing capability in Irvine, CA, by leasing a 60,000 square-foot commercial facility adjacent to the Company's existing facility. The announcement marked Terran Orbital's commitment to maintaining its leadership as a top small satellite manufacturer in the country and will complement the Company's previously announced plans to build the world's largest and most advanced "Industry 4.0" space vehicle manufacturing facility, a $300 million, 660,000 square foot facility on the Space Coast of Florida.

Related Links
Terran Orbital
The latest information about the Commercial Satellite Industry

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Monthly Supporter
$5+ Billed Monthly

paypal only
SpaceDaily Contributor
$5 Billed Once

credit card or paypal

Viasat, Inmarsat to boost UK space industry investments
London, UK (SPX) Mar 29, 2022
Viasat and Inmarsat, the US and UK satellite communications groups, have agreed on a package of legally-binding economic undertakings with the UK Government's Department for Business, Energy and Industrial Strategy (BEIS) as part of the proposed combination of the two companies. BEIS welcomed the constructive discussions that have taken place with both companies on their future plans. The transaction remains subject to the regulatory processes of the UK. "We are fully committed to ensuring that ou ... read more

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Blue Origin launches 4th crew to space

Sierra Space to revolutionize space exploration with Siemens' Xcelerator

Roscosmos to Brief Russian Government on Options for Ending ISS Cooperation Soon, Rogozin Says

Russian space agency suspends ISS cooperation over sanctions

Axiom-1 targets Friday for ISS launch after NASA delays moon rocket test

Rocket Lab launches 112th satellite to orbit

Successful launch shows new rocket factory's solid steps

NASA's next moon rocket set for wet dress rehearsal ahead of launch

Making Tracks to the Delta

NASA's Perseverance rover listens in the thin Martian atmosphere

Magma makes marsquakes rock Red Planet

First audio recorded on Mars reveals two speeds of sound

Tianzhou 2 re-enters Earth's atmosphere, mostly burns up

Shenzhou XIII astronauts prep for return

China's Tianzhou-2 cargo craft leaves space station core module

China's space station to support large-scale scientific research

Blue Canyon Technologies to supply spacecraft buses for HelioSwarm Mission

Kleos launches Patrol Mission satellites

Terran Orbital begins trading on the New York Stock Exchange

HawkEye 360 launches next-generation Cluster 4 satellites

Lockheed Martin releases open-source interface standard for on-orbit docking

Space debris found in rural India likely from 'China rocket'

Artificial modification of Earth's radiation belts by ground-based VLF transmitters

ATLANT 3D Nanosystems developing a space-certified Nanofabricator 0G

Prenatal protoplanet upends planet formation models

Kepler telescope delivers new planetary discovery from the grave

Hubble finds a planet forming in an unconventional way

Miniaturized laser systems to seek out traces of life in space

Juice's journey and Jupiter system tour

Pluto's giant ice volcanos may have formed from multiple eruption events

Chaos terrains on Europa could be shuttling oxygen to ocean

Searching for Planet Nine

The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.