STOCK TITAN

Terran Orbital’s GEOStare SV2 Spacecraft Completes Commercial Imaging Contract for Lockheed Martin

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Terran Orbital Corporation (NYSE: LLAP) announced the successful completion of a commercial data services imagery contract for Lockheed Martin using its GEOStare SV2 spacecraft. This spacecraft, launched in May 2021, demonstrated the capability to rapidly re-task for image cataloging, supporting Lockheed Martin's research project. GEOStare SV2 incorporates advanced MonoTele technology developed in collaboration with Lawrence Livermore National Laboratory under a $6 million agreement, positioning Terran Orbital as a leader in satellite-based solutions.

Positive
  • Successful completion of contract with Lockheed Martin for GEOStare SV2.
  • Demonstrated capability to rapidly re-task spacecraft for data collection.
  • Collaboration with Lawrence Livermore National Laboratory enhances technological credibility.
  • The successful operation supports growth in commercial satellite imagery sector.
Negative
  • None.

GEOStare SV2 launched in May of 2021 on a SpaceX Falcon 9 rocket and is Terran Orbital’s first internally funded commercial imaging spacecraft

BOCA RATON, Fla.--(BUSINESS WIRE)-- Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced its GEOStare SV2 spacecraft completed a commercial data services imagery contract for Lockheed Martin.

GEOStare SV2 captures multiple frames of La Guardia Airport during rush hour. All images compiled and overlaid to capture on-ground activity. (Image Credit: Terran Orbital Corporation)

GEOStare SV2 captures multiple frames of La Guardia Airport during rush hour. All images compiled and overlaid to capture on-ground activity. (Image Credit: Terran Orbital Corporation)

Throughout the duration of the contract, Terran Orbital’s operations team successfully demonstrated the ability to rapidly re-task the spacecraft to assemble a catalog of thousands of images to support an independent research project led by Lockheed Martin.

GEOStare SV2's main payload consists of two MonoTele telescopes designed by Lawrence Livermore National Laboratory and is a dual-use system suitable for both Earth Observation and Space Domain Awareness (SDA). The aim of space domain awareness is to track the satellites and debris in space to avoid collisions.

GEOStare SV2 combines Lawrence Livermore National Laboratory’s Monolithic Telescope (MonoTele) technology with Terran Orbital’s expertise producing high-reliability spacecraft. The technology was developed by Lawrence Livermore National Laboratory and Terran Orbital under a four-year, $6 million cooperative research and development agreement (CRADA) to advance compact satellites for commercial applications.

“Terran Orbital is very pleased that Lockheed Martin chose us to fulfill the need for rapid, cost-effective satellite imagery,” said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell. “We are also grateful for the opportunity to collaborate with Lawrence Livermore National Laboratory. As always, we are thrilled to complete this contract for our partners and look forward to many more collaborations in the future, both with the GEOStare spacecraft and with other planned missions.”

“Lawrence Livermore National Laboratory is pleased to be teaming with Terran Orbital, and that our collaborative work on GEOStare is meeting some of the growing need for commercial satellite imagery,” said Lawrence Livermore National Laboratory Space Program Leader Benjamin Bahney. “We are exploring new ways to develop rapid and responsive satellite imagery, and GEOStare is a great example of what two leading technical institutions can do when they work together.”

About Terran Orbital

Terran Orbital is a leading manufacturer of satellite products primarily serving the aerospace and defense industries. Terran Orbital provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and on-orbit support to meet the needs of the most demanding military, civil, and commercial customers. Learn more at www.terranorbital.com.

Virginia Norder

pr@terranorbital.com

949-508-6404

Source: Terran Orbital

FAQ

What recent contract did Terran Orbital (LLAP) complete?

Terran Orbital completed a commercial data services imagery contract for Lockheed Martin using its GEOStare SV2 spacecraft.

What technology does the GEOStare SV2 spacecraft utilize?

GEOStare SV2 utilizes MonoTele telescopes developed by Lawrence Livermore National Laboratory.

When was the GEOStare SV2 spacecraft launched?

The GEOStare SV2 spacecraft was launched in May 2021.

How does the GEOStare SV2 support Lockheed Martin's research?

The GEOStare SV2 supports Lockheed Martin by providing rapid and cost-effective satellite imagery for their independent research projects.

Terran Orbital Corporation

NYSE:LLAP

LLAP Rankings

LLAP Latest News

LLAP Stock Data

51.22M
156.35M
21.32%
36.12%
4.27%
Aerospace & Defense
Guided Missiles & Space Vehicles & Parts
Link
United States of America
BOCA RATON