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Terran Orbital Corp

Terran Orbital Corp. engages in the development and operation of small satellites and earth observation solutions. It provides small satellite solutions for military, the intelligence community, and civil and commercial customers. The company was founded by Marc H. Bell and Anthony Previte in 2013 and is headquartered in Boca Raton, FL.

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Terran Orbital Corp reports strong revenue growth amidst profitability challenges

Terran Orbital Corp's Q4 2022 performance showcased robust revenue growth but highlighted challenges with profitability and cost management. The company's strengths lie in its market credibility, in-house component manufacturing, and strategic partnerships. To capitalize on opportunities, Terran Orbital must convert its pipeline, control costs, and navigate cash flow fluctuations effectively.

Terran Orbital Corp reports record revenue and strong order backlog

Terran Orbital Corp's Q1 2023 performance reflects robust revenue growth and a strong order backlog, positioning the company for continued success.
While facing challenges in profitability and cost management, the company's strategic investments in manufacturing and diverse revenue drivers offer growth opportunities.
Anticipated sales exceeding $250 million in 2023, coupled with ongoing capacity expansions and technological advancements, signal a positive outlook for Terran Orbital Corp.
The company's focus on key clients like Rivada and the Space Development Agency, alongside plans for revenue diversification, underpin its resilience and potential for future expansion.

Terran Orbital Corp excels in Q2, poised for satellite market leadership

Terran Orbital Corp's Q2 performance reflects strong growth momentum and strategic positioning in the satellite industry.
The company's focus on operational efficiency, technological advancement, and customer relationships bodes well for future success.
With a solid backlog, new contracts, and expansion initiatives, Terran Orbital is poised for continued growth and market leadership.

Terran Orbital reports robust Q3 growth but faces cash challenges

Terran Orbital's Q3 2023 earnings call showcased strong revenue growth and business prospects, but challenges with negative adjusted EBITDA and cash on hand. The company's focus on commercial space demand and potential for cash flow positivity in 2024 indicate a resilient market position. Opportunities for growth lie in upcoming announcements and financial optimization strategies.

Terran Orbital Corp reports mixed Q1 performance but eyes growth

Terran Orbital Corp's Q1 2024 earnings call highlighted a mixed performance with revenue decrease and negative adjusted EBITDA, offset by a strong backlog and growth opportunities. The company's efficiency strategies and vertical integration are key strengths, while challenges include subcontractor issues and cash balance requirements. Terran is well-positioned for growth in the satellite industry.

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Terran Orbital Corp. engages in the manufacture of satellite products. It operates through the Satellite Solutions and Earth Observation Solutions segments. The Satellite Solutions segment designs, builds, and operates satellites. It also includes modern facilities and global ground station network to deliver end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a number of applications in a variety of orbits to governmental agencies and commercial businesses. The Earth Observation Solutions segment develops constellation of company-owned Earth observation satellites featuring synthetic aperture radar capabilities to provide Earth observation data and mission solutions. The company was founded by Marc H. Bell and Anthony L. Previte in 2013 and is headquartered in Boca Raton, FL.

Terran Orbital is a global provider of end-to-end satellite solutions, including engineering, manufacturing, launch planning, mission operations, and in-orbit support.

The specific applications for these solutions include defense and intelligence, communications, weather and climate, disaster recovery, and navigation.

Terran Orbital is expanding its solutions beyond small satellites through the development of NextGen Earth Observation constellations, which provide persistent, real-time earth imagery.

The company serves military, civil and commercial customers, and generated $55.5M in LTM (last twelve months) revenue as of Q2 2022. 65% of the revenue came from the U.S. government, 25% from commercial customers, and 9% from foreign governments. 

The company reported a $16 billion revenue pipeline and $224.1 million backlog as of June 2022, with 90% of the backlog expected to convert to revenue by the end of 2023.

These are the three key initiatives as outlined by Terran Orbital.

Terran describes its strategy within three main initiatives: becoming one of the largest vertically-integrated satellite manufacturing facilities, developing advanced satellites for real-time earth imagery, and building its strategic relationship with Lockheed Martin.

Terran’s strategic agreement with Lockheed was initiated in 2017 and recently extended into 2031, with expanding coverage of satellite sizes provided to the defense company. 

In 2022 the company announced plans to significantly expand manufacturing capabilities in Irvine, Calif., and proposed plans for a new facility in Florida, as well. 

Terran views itself as a pioneer of the exponentially growing “new space revolution” and believes that the space industry is at an inflection point with the proliferation of small satellites–which they are well positioned to serve.

LLAP Investor Relations (https://investors.terranorbital.com/)

*This content is for educational purposes and is not investment advice.


BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, has delivered LunIR to Complex 39B at NASA's Kennedy Space Center. LunIR is a 6U satellite that will fly by the Moon and collect surface thermography as a secondary payload on Artemis 1 – a test mission for NASA's Space Launch System (SLS). Offering more payload mass, volume capability, and energy, SL

Terran Orbital Delivers LunIR to Cape Canaveral for Artemis 1 Launch

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced its participation in the 2022 Space Warfighting Integration Forum. Sponsored by the National Defense Industrial Association (NDIA), the forum will take place in Colorado Springs and will feature leaders from across the aerospace and defense industry. Roger Teague, President of Defense

Terran Orbital's Roger Teague to Present at 2022 Space Warfighting Integration Forum

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the company will participate in the Baird Newly Public Company Virtual Access Day. The all-virtual event will take place on Wednesday, August 17, 2022. Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present alongside Terran Orbital Chief Financial Offic

Terran Orbital to Participate in Baird Newly Public Company Virtual Access Day

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, is humbled to share in the Mission of the Year Award presented to the CAPSTONE mission team at the Small Satellite Conference. Competition entrants were chosen for their ability to demonstrate a significant improvement in the capability of satellites, spacecraft structural design, scientific instrumen

Terran Orbital Wins Mission of the Year for CAPSTONE Spacecraft

Terran Orbital Corporation (NYSE:LLAP ) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Jon Siegmann - Senior Vice President, Corporate Development Marc Bell - Co-Founder, Chairman and Chief Executive Officer Gary Hobart - Chief Financial Officer Conference Call Participants Austin Moeller - Canaccord Robert Spingarn - Melius Research Elizabeth Grenfell - Bank of America Josh Sullivan - The Benchmark Company Erik Rasmussen - Stifel Griffin Boss - B. Riley Securities Operator Hello all.

Terran Orbital Corporation (LLAP) CEO Marc Bell on Q2 2022 Results - Earnings Call Transcript

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the company will participate in the Canaccord Genuity 42nd Annual Growth Conference being held at the InterContinental Hotel in Boston, MA. Terran Orbital will conduct one-on-one meetings on Thursday, August 11. Chief Financial Officer Gary Hobart will lead a group presentation at 9:30

Terran Orbital to Participate in the Canaccord Genuity 42nd Annual Growth Conference

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the company will present at the Jefferies Industrials Conference at the InterContinental New York Barclay on Wednesday, August 10 at 1:00 p.m. ET. Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present alongside Terran Orbital Chief Financial Officer Ga

Terran Orbital to Present at Jefferies Industrials Conference

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading small satellite manufacturer primarily serving the United States aerospace and defense industry, today announced financial results and operational highlights for the three and six months ended June 30, 2022. Second Quarter 2022 Highlights Generated record revenue of $21.4 million, a 127% increase compared to the second quarter of 2021 Record backlog of $224.1 million as of J

Terran Orbital Reports Record Breaking Second Quarter 2022 Financial Results

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful execution of CAPSTONE's TCM-2 burn. The burn occurred in two parts with final success declared on July 26 at 1:45 UTC. As with TCM 1-a and TCM 1-c, this burn confirms the NASA satellite will maintain the proper trajectory to continue charting a groundbreaking path to the

Terran Orbital Concludes TCM-2 for CAPSTONE

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced it will host the Company's second quarter 2022 results conference call on August 9, 2022 at 9:00 a.m. ET. Participating on the call will be Terran Orbital's Chief Executive Officer, Marc Bell, and Chief Financial Officer, Gary Hobart, who will discus

Terran Orbital Schedules Conference Call to Discuss Second Quarter 2022 Financial Results

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the commissioning of the Fleet Space CENTAURI-5 payload. The payload provides Machine to Machine (M2M) and Internet of Things (IoT) connectivity to ground terminals and is an improved version of the payloads flown on CENTAURI-3 and CENTAURI-4. Fleet Space Technologies enlisted Tyvak In

Terran Orbital Commissions Fleet Space CENTAURI-5 Payload

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful completion of CAPSTONE's second TCM burn. Much smaller than the first TCM burn, this second TCM burn demonstrates the spacecraft's ability to perform small and precise maneuvers, a capability that is critical to operations in a Near Rectilinear Halo Orbit (NRHO). The man

Terran Orbital Executes CAPSTONE's Second TCM Burn

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the appointment of Jonathan Siegmann as Senior Vice President of Corporate Development. Mr. Siegmann will lead Terran Orbital's investor relations, M&A, and venture efforts among other development initiatives. Marc Bell, Terran Orbital's Co-Founder, Chairman, and Chief Executive Of

Terran Orbital Appoints Jonathan Siegmann as Senior Vice President of Corporate Development

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful completion of CAPSTONE's first TCM burn (TCM-1). As the first statistical maneuver of the mission, TCM-1 is designed to clean up expected dispersions from the launch vehicle injection – enabling CAPSTONE to continue its pathfinding lunar journey in support of NASA's Arte

Terran Orbital Successfully Completes CAPSTONE's First TCM Burn

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful deployment of the CAPSTONE spacecraft from a Rocket Lab Lunar Photon into a Lunar Transfer Orbit. The Terran Orbital designed, built, and integrated Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, otherwise known as CAPSTONE, is fl

CAPSTONE Satellite, Designed and Built by Terran Orbital, Successfully Deploys from Rocket Lab Lunar Photon into Lunar Transfer Orbit

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced its Pathfinder Technology Demonstrator 3 (PTD-3) satellite has completed bus commissioning with all health and status checkouts nominal. Terran Orbital designed and built the PTD-3 satellite in support of NASA's PTD series of missions. The missions will test the operation of a variety of novel smal

Terran Orbital Completes NASA Pathfinder Technology Demonstrator 3 Bus Commissioning Less Than One Week After Launch

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, hosted Lockheed Martin and the Space Development Agency (SDA) at Terran Orbital's newly expanded state-of-the-art Irvine, Calif. facilities. Lockheed Martin and SDA made the visit in celebration of Terran Orbital's successful delivery of the first of ten satellite buses to Lockheed Martin in support o

Lockheed Martin and Space Development Agency Tour Expanded State-of-the-Art Terran Orbital Facilities

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful launch of the CAPSTONE satellite. The Terran Orbital designed and built Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment, otherwise known as CAPSTONE, launched this morning at 9:55 UTC / 5:55 a.m. EDT / 2:55 a.m. PDT aboard Rocket La

Terran Orbital Developed CAPSTONE Heads to the Moon

BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced that it has been selected to be included in the Russell 3000® Index at the conclusion of the 2022 Russell indexes annual reconstitution, effective after the U.S. market opens today, Monday, June 27, 2022. Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of

Terran Orbital Set to Join Russell 3000® Index

Rocket Lab USA

Terran Orbital Corp (NYSE: LLAP) revealed the successful integration of the CAPSTONE spacecraft aboard the Rocket Lab USA, Inc (NASDAQ: RKLB) Rocket Lab Electron rocket. Terran Orbital designed and built satellite is flying a pathfinding mission to the moon in support of.

Terran Orbital Installs CAPSTONE Aboard Rocket Lab Electron Rocket

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the successful integration of the CAPSTONE spacecraft aboard the Rocket Lab Electron rocket. The Terran Orbital designed and built satellite is flying a pathfinding mission to the moon in support of NASA's historic Artemis program. The Terran Orbital team produced CAPSTONE's hardware,

Terran Orbital Integrates CAPSTONE Aboard Rocket Lab Electron Rocket

TURIN, Italy--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the aerospace and defense industries, today announced its wholly-owned subsidiary, Tyvak International SRL, has together with its partners, achieved full Critical Design Review of the Milani spacecraft. A critical component of the Hera planetary defense mission, Milani will be the European Space Agency's (ESA) first deep-space nanosatellite. Milani will also be the f

Tyvak International, a Terran Orbital Company, Completes Critical Design Review of Deep Space Bound Milani Satellite

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced bus commissioning for the CENTAURI-5 satellite has concluded with nominal health and status checkouts. Tyvak International SRL, Terran Orbital's wholly-owned international subsidiary, designed and built the Low Earth Orbit (LEO) satellite for Fleet Space Technologies. CENTAURI-5 adds c

Terran Orbital Concludes Fleet Space CENTAURI-5 Bus Commissioning

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced that it will present at the Stifel 2022 Cross Sector Insight Conference. The conference will take place June 7-9 in Boston. Terran Orbital Chief Financial Officer Gary Hobart will present at 3:35 p.m. ET on June 9. In addition to the group presentation, one-on-one meetings are being held. To schedu

Terran Orbital to Present at Stifel 2022 Cross Sector Insight Conference

BOCA RATON, Fla.--(BUSINESS WIRE)---- $LLAP #TerranOrbital--Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite solutions, primarily serving the United States aerospace and defense industry, today announced all six Terran Orbital designed and built satellites that launched on the SpaceX Falcon 9 rocket as part of the Transporter-5 mission have successfully deployed on their journey to Low Earth Orbit (LEO). The Terran Orbital satellites include two NASA CubeSat Proximity Operations Demonstration (CPOD

News for Terran Orbital Corp Stock (LLAP)