NYSE:LLAP

Terran Orbital Releases Inaugural Environmental, Social, and Governance Report

Retrieved on: 
Thursday, May 9, 2024

Today, Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced the release of its inaugural Environmental, Social, and Governance Report (“ESG Report”).

Key Points: 
  • Today, Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced the release of its inaugural Environmental, Social, and Governance Report (“ESG Report”).
  • This report demonstrates Terran Orbital's commitment to operating with environmental responsibility, social consciousness, and strong corporate governance practices throughout its business activities.
  • “At Terran Orbital, we believe in pushing the boundaries of space exploration while remaining responsible stewards of our planet,” said Marc Bell Co-Founder, Chairman, and Chief Executive Officer at Terran Orbital.
  • By prioritizing environmental responsibility, social well-being, and strong governance, Terran Orbital aims to create a positive impact for future generations.

Terran Orbital Strategic Review is Ongoing

Retrieved on: 
Thursday, May 2, 2024

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.

Key Points: 
  • 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.

Terran Orbital's Tyvak International Centauri-6 Satellite Successfully Deployed into Orbit

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Tuesday, April 16, 2024

Tyvak International SRL (“Tyvak International”), a Torino, Italy-based subsidiary of Terran Orbital Corporation (NYSE: LLAP ) and a leading European provider of nano and microsatellites, announced the successful launch of Fleet Space Technologies’ Centauri-6 satellite, which was developed in collaboration with Tyvak International.

Key Points: 
  • Tyvak International SRL (“Tyvak International”), a Torino, Italy-based subsidiary of Terran Orbital Corporation (NYSE: LLAP ) and a leading European provider of nano and microsatellites, announced the successful launch of Fleet Space Technologies’ Centauri-6 satellite, which was developed in collaboration with Tyvak International.
  • "We are thrilled with the successful deployment of our Centauri-6, a testament to the strong collaboration between Tyvak International and Fleet Space Technologies,” said Fabio Nichele, Chief Executive Officer of Tyvak International.
  • “This mission showcases not only our expertise in miniaturization and advanced satellite manufacturing, but also builds upon Terran Orbital's pioneering heritage in building small satellites.
  • Fleet Space’s satellite constellation is unlocking new capabilities across the space exploration, defense, and mineral discovery landscapes.

Terran Orbital Showcases Key Programs at 2024 Space Symposium

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Friday, April 5, 2024

Today, Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announces its space-related technologies and programs for the 2024 39th Space Symposium (April 8-11, Broadmoor Hotel, Colorado Springs, CO).

Key Points: 
  • Today, Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announces its space-related technologies and programs for the 2024 39th Space Symposium (April 8-11, Broadmoor Hotel, Colorado Springs, CO).
  • Schedule an interview with Marc Bell, Terran Orbital's Co-Founder, Chairman, and CEO, to learn more about Terran Orbital's vision for the future of space.
  • Schedule a meeting with our leadership team at 2024 Space Symposium April 9-11, 2024.
  • Join Terran Orbital and Advanced Space for a Happy Hour at the Space Symposium to celebrate 500+ days of the CAPSTONE mission in lunar orbit!

Terran Orbital Regains Compliance with NYSE Continued Listing Standards

Retrieved on: 
Tuesday, April 2, 2024

Terran Orbital Corporation (NYSE: LLAP ) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced that it received a notice from the New York Stock Exchange (the “NYSE”) on March 29, 2024 stating that the Company has regained compliance with the minimum stock price continued listing standard set forth in Section 802.01C and will be removed from the NYSE’s noncompliant issuers list.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP ) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced that it received a notice from the New York Stock Exchange (the “NYSE”) on March 29, 2024 stating that the Company has regained compliance with the minimum stock price continued listing standard set forth in Section 802.01C and will be removed from the NYSE’s noncompliant issuers list.
  • The Company previously received a noncompliance notice from the NYSE because the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period ended October 18, 2023.
  • On March 28, 2024, the Company’s common stock closed above $1.00 and had an average closing share price of at least $1.00 over the prior 30 trading-day period.

Terran Orbital's Tyvak International Secures European Defense Agency Contract for Pioneering VLEO Satellite Project

Retrieved on: 
Tuesday, April 2, 2024

This groundbreaking project focuses on Very Low Earth Orbit (VLEO) satellite exploration, marking a significant leap forward in military space technology.

Key Points: 
  • This groundbreaking project focuses on Very Low Earth Orbit (VLEO) satellite exploration, marking a significant leap forward in military space technology.
  • Tyvak International, leveraging its extensive experience in satellite design, development, and spaceflight heritage, will spearhead critical aspects of the project.
  • “We are delighted to announce our participation in this significant EDA VLEO contract,” said Fabio Nichele, Chief Executive Officer of Tyvak International.
  • By doing so, we will drive advancements in satellite technology and propel future defense capabilities.”
    This contract underscores the unwavering commitment of Tyvak International to push the boundaries of satellite technology.

Terran Orbital Reports Record 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024

Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and twelve months ended December 31, 2023.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and twelve months ended December 31, 2023.
  • Marc Bell, Co-Founder, Chairman, and Chief Executive Officer of Terran Orbital said, “I am pleased to report our company’s strong results for 2023.
  • The future of space is responsive, and Terran Orbital is well-positioned to capitalize on this growing market segment.
  • As of December 31, 2023, Terran Orbital had $71.7 million of cash on hand and approximately $313.8 million in gross debt obligations.

Terran Orbital Reschedules Fourth Quarter and Full-Year 2023 Earnings Call

Retrieved on: 
Monday, March 25, 2024

Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced it will be filing its Annual Report on Form 10-K with the Securities and Exchange Commission on April 1, 2024 and that it has rescheduled its fourth quarter and full year 2023 earnings call.

Key Points: 
  • Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced it will be filing its Annual Report on Form 10-K with the Securities and Exchange Commission on April 1, 2024 and that it has rescheduled its fourth quarter and full year 2023 earnings call.
  • The earnings call will be held on April 2, 2024 at 11:00 a.m. E.T.

Terran Orbital’s Milani Satellite Delivered to the European Space Agency for Hera Mission

Retrieved on: 
Tuesday, March 19, 2024

Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSE: LLAP ) and a leading European nano and microsatellite manufacturer based in Torino, Italy, today announced that they have completed the formal delivery of the Hera Milani satellite to the European Space Agency.

Key Points: 
  • Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSE: LLAP ) and a leading European nano and microsatellite manufacturer based in Torino, Italy, today announced that they have completed the formal delivery of the Hera Milani satellite to the European Space Agency.
  • View the full release here: https://www.businesswire.com/news/home/20240319935884/en/
    Ian Carnelli, Hera’s Project Manager for the European Space Agency attended the delivery event together with the Italian Space Agency, the Milani development team, and numerous local and international dignitaries.
  • Hera Milani is a nanosatellite funded by Italy and developed by Tyvak International for the European Space Agency, devoted to the visual inspection and dust detection of the Didymos asteroid following DART impact.
  • We are eager to see the spacecraft in action and help us unveil the many mysteries around the Didymos asteroid system.”
    The Italian Space Agency and European Space Agency decided to dedicate the Mission to Prof. Andrea Milani, who passed away in 2018.

Terran Orbital to Showcase Next-Generation Technology at Satellite 2024

Retrieved on: 
Friday, March 15, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240315319349/en/
    Schedule an interview with Marc Bell, Terran Orbital's Co-Founder, Chairman, and CEO, to gain firsthand perspectives on critical industry trends.
  • Discuss Terran Orbital's vision for the future of space, our recent innovations, and our role in shaping the new space economy.
  • Terran Orbital's entry into the SmallSat GEO™ market: We'll unveil our groundbreaking SmallSat GEO™ solution, offering adaptable payloads, high performance, and significant cost advantages.
  • Tuesday, March 19, 11:00 AM: Marc Bell CEO joins “The Renaissance of Satellite: New Business Models Across the Value Chain” (Room 147)