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Terran Orbital Corporation will hold a virtual Investor Day on February 17, 2022, at 11:00 am EST, hosted by key executives including CEO Marc Bell and CFO Gary Hobart. Investors can access the webcast through Terran Orbital's Investor Relations website. The company is in the process of merging with Tailwind Two Acquisition Corp. (NYSE: TWNT), a SPAC, enhancing its position in providing comprehensive satellite solutions and developing a significant Earth Observation constellation. Further details and replay options will be available post-event.
Terran Orbital announced that CEO Marc Bell and CFO Gary Hobart will present at the Cowen 43rd Annual Aerospace/Defense & Industrials Conference on February 10, 2022, at 2:20 p.m. EST. The event will be virtual, with a webcast available on their Investor Relations website. Terran Orbital is merging with Tailwind Two Acquisition Corp. (NYSE: TWNT), a special purpose acquisition company (SPAC), to enhance its satellite solutions and mission capabilities, including the development of an advanced Earth Observation constellation.
PredaSAR, a subsidiary of Terran Orbital Corporation, has been awarded a contract by the National Reconnaissance Office (NRO) for its geospatial intelligence systems. This contract focuses on Strategic Collection Enhancements (SCE) in the commercial radar segment, featuring advanced Synthetic Aperture Radar (SAR) capabilities. The project includes six months of modeling and simulation and a 24-month validation phase for on-orbit performance. CEO Marc Bell highlighted the partnership with the U.S. Government and plans for a 660,000 square foot manufacturing facility in Florida.
Tailwind Two Acquisition Corp. (NYSE: TWNT) and Terran Orbital Corporation announced significant developments following their business combination agreement on October 28, 2021. Key updates include the filing of Form S-4 with the SEC, an initial $30 million draw from a $250 million financing package, and an $8.4 million contract secured by Terran Orbital’s subsidiary with the Air Force Research Laboratory. The combined entity will operate under the name Terran Orbital Corporation, listing on the NYSE as "LLAP" with a pro forma enterprise value of approximately $1.58 billion, expected to close in Q1 2022.
Tailwind Two Acquisition Corp. (NYSE:TWNT) and Terran Orbital Corporation have announced a definitive business combination agreement valued at approximately $1.58 billion. The merger is expected to close in the first quarter of 2022. The transaction includes $345 million from Tailwind Two's cash-in-trust and $50 million from a PIPE investment. Existing Terran Orbital shareholders will roll 100% of their equity into the combined company, which will operate under the ticker symbol LLAP. The merger aims to capitalize on Terran Orbital's innovative satellite solutions and anticipated high-margin data services.
