Welcome to our dedicated page for Terran Orbital Corporation news (Ticker: LLAP), a resource for investors and traders seeking the latest updates and insights on Terran Orbital Corporation stock.
Terran Orbital Corporation (symbol: LLAP) is a leading manufacturer of satellite products, offering comprehensive end-to-end solutions for the aerospace and defense industries. The company operates primarily in the United States and Europe, with the majority of its revenue generated from the U.S. market.
Terran Orbital's core business encompasses satellite design, production, launch planning, mission operations, and on-orbit support. Their services are tailored to meet the diverse needs of military, civil, and commercial customers, ensuring reliable and efficient satellite solutions.
Recent achievements include successful satellite deployments and strategic partnerships with top-tier aerospace and defense organizations. The company continues to innovate, focusing on the development of advanced satellite technologies to stay ahead in the rapidly evolving market.
Terran Orbital is engaged in several current projects, including the construction of cutting-edge satellites for high-profile clients and collaborations with government agencies to enhance national security capabilities. Financially, the company maintains a stable footing, backed by continuous revenue streams and a growing portfolio of contracts.
By leveraging its expertise and robust infrastructure, Terran Orbital aims to expand its market presence while delivering high-quality, reliable satellite products and services. Whether for defense, scientific research, or commercial applications, Terran Orbital remains at the forefront of satellite innovation.
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.
Terran Orbital Corporation (NYSE: LLAP) announced its participation in Satellite Innovation 2022, part of Silicon Valley Space Week, held October 11-12 in Mountain View, California. CEO Marc Bell will present on the Growth and Diversity of Constellations panel, while Marco Villa, Chief Revenue Officer, will speak on Market Analysis and Forecast. This event showcases advancements in satellite technologies, featuring experts from BAE Systems (OTC: BAESY) and Boeing. The company continues to lead in end-to-end satellite solutions for aerospace and defense.
FAQ
What is the current stock price of Terran Orbital Corporation (LLAP)?
What is the market cap of Terran Orbital Corporation (LLAP)?
What does Terran Orbital Corporation specialize in?
Where does Terran Orbital operate?
Who are Terran Orbital's main customers?
What are some of Terran Orbital's recent achievements?
What current projects is Terran Orbital involved in?
How does Terran Orbital ensure the quality of its satellite products?
What is the financial condition of Terran Orbital?
What is unique about Terran Orbital's satellite solutions?
How does Terran Orbital support its on-orbit satellite operations?
What future plans does Terran Orbital have?
