Terran Orbital Strategic Review is Ongoing

Rhea-AI Summary

Terran Orbital (NYSE: LLAP) is conducting a strategic review to enhance shareholder value. The company highlights its partnership with Lockheed Martin and commitment to innovation in satellite solutions.

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• Terran Orbital is focused on maximizing shareholder value through a strategic review.

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• None.

BOCA RATON, Fla.--(BUSINESS WIRE)-- Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, confirms its ongoing strategic review to maximize shareholder value. The review allows us to explore all options.

We value Lockheed Martin’s partnership and look forward to continued collaboration under our Strategic Cooperation Agreement which runs through 2035. We remain committed to exceeding customer expectations and delivering cutting-edge satellite solutions.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240502032201/en/

Public Relations

pr@terranorbital.com

949-508-6404

Source: Terran Orbital

FAQ

What is Terran Orbital 's stock symbol?

Terran Orbital 's stock symbol is LLAP.

What is Terran Orbital 's ongoing strategic review about?

Terran Orbital is conducting a strategic review to maximize shareholder value.

Who is Terran Orbital 's strategic partner?

Terran Orbital 's strategic partner is Lockheed Martin.

How long does Terran Orbital 's Strategic Cooperation Agreement with Lockheed Martin run?

Terran Orbital 's Strategic Cooperation Agreement with Lockheed Martin runs through 2035.