NYSE:LLAP

Terran Orbital Awarded $4.7 Million Contract by European Space Agency

Retrieved on: 
Wednesday, October 25, 2023
Research, Other Defense, Professional Services, Robotics, Venture Capital, Technology, Defense, Satellite, Science, Nanotechnology, Aerospace, Telecommunications, Manufacturing, European Space Agency, Australian Space Agency, Orbital, NYSE, LLAP, ESA, Polytechnic, Multimedia, Space Rider, Orbital Corporation, Polytechnic University of Turin, Biology, Partnership, Orbit, University, Communications satellite

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 its wholly-owned international subsidiary, Tyvak International s.r.l., has been chosen as a prime contractor under a $4.7 million or €4.5 million contract by the European Space Agency (ESA) for a proximity operations and in-orbit servicing mission that will deploy a nanosatellite spacecraft from Space Rider, the European uncrewed robotic laboratory.

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 its wholly-owned international subsidiary, Tyvak International s.r.l., has been chosen as a prime contractor under a $4.7 million or €4.5 million contract by the European Space Agency (ESA) for a proximity operations and in-orbit servicing mission that will deploy a nanosatellite spacecraft from Space Rider, the European uncrewed robotic laboratory.
  • At the end of its mission, Space Rider will return to Earth with its payloads to be unloaded and refurbished for another flight.
  • Photo Credit: European Space Agency (ESA)
    The deployed nanosatellite will perform proximity operations maneuvers around Space Rider, demonstrating unprecedented in-orbit servicing capabilities.
  • “Terran Orbital is honored to be selected once again for a prime contract with the European Space Agency,” said Marc Bell, Terran Orbital Co-Founder, Chairman, and Chief Executive Officer.

Terran Orbital Selected by Lockheed Martin to Build Satellite Buses for SDA’s Tranche 2 Transport Layer Constellation

Retrieved on: 
Tuesday, October 24, 2023
Technology, Other Defense, Homeland Security, Engineering, Contracts, Aerospace, Public Policy, Government, Manufacturing, Mobile, Wireless, Consumer, Defense, Military, Venture Capital, Finance, Satellite, Professional Services, Telecommunications, Software, Entrepreneur, Internet, NYSE, Military personnel, LLAP, SDA, MRR, Lockheed Martin, Multimedia, Martin, PWSA, Transport layer, Lockheed, Human, Communications satellite

Lockheed Martin has awarded Terran Orbital Corporation (NYSE: LLAP ) a contract to build 36 satellite buses for Space Development Agency’s (SDA) Tranche 2 Transport Layer (T2TL) Beta constellation.

Key Points: 
  • Lockheed Martin has awarded Terran Orbital Corporation (NYSE: LLAP ) a contract to build 36 satellite buses for Space Development Agency’s (SDA) Tranche 2 Transport Layer (T2TL) Beta constellation.
  • Terran Orbital will deliver the buses to Lockheed Martin, which will conduct payload integration and jointly operate the satellites with SDA.
  • “We congratulate Lockheed Martin on another big contract win in support of SDA’s Transport Layer mission,” said Marc Bell, Terran Orbital Chairman and Chief Executive Officer.
  • Last year, Terran Orbital delivered 10 satellite buses to Lockheed Martin in support of their Tranche 0 Transport Layer contract with SDA.

Terran Orbital Schedules Town Hall Meeting on October 26th at 3:00pm ET/12:00pm PT

Retrieved on: 
Tuesday, October 24, 2023
Other Manufacturing, Technology, Other Defense, Satellite, Other Technology, Telecommunications, Aerospace, Software, Manufacturing, Defense, Orbital Corporation, Bell, Q&A, NYSE, Entrepreneurship, Multimedia, LLAP

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 host a virtual town hall style investor event on Thursday, October 26, 2023, at 3:00 p.m. E.T.

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 host a virtual town hall style investor event on Thursday, October 26, 2023, at 3:00 p.m. E.T.
  • View the full release here: https://www.businesswire.com/news/home/20231023738290/en/
    “Being transparent and accessible with our shareholders is our top priority,” said Marc Bell, Co-Founder, Chairman, and CEO of Terran Orbital.
  • This virtual meeting is open to the public and will consist of a live audio and video stream.
  • Participants may access the Terran Orbital Shareholder Town Hall Meeting by registering here .

Terran Orbital Receives NYSE Continued Listing Standards Notice

Retrieved on: 
Saturday, October 21, 2023
Defense, Technology, Satellite, Aerospace, Manufacturing, Government Technology, Orbital Corporation, NYSE, Cyprus Securities and Exchange Commission, Calendar, NYSE Listed Company Manual, Notice, LLAP

The NYSE notice does not result in the immediate delisting of the Company’s common stock from the NYSE.

Key Points: 
  • The NYSE notice does not result in the immediate delisting of the Company’s common stock from the NYSE.
  • In accordance with applicable NYSE rules, the Company plans to notify the NYSE that it intends to cure the stock price deficiency and return to compliance with the applicable NYSE continued listing standards.
  • The Company intends to remain listed on the NYSE and is considering all available options to regain compliance with the NYSE’s continued listing standards, including, but not limited to, a reverse stock split, subject to stockholder approval.
  • The NYSE notice has no immediate impact on the listing of the Company’s common stock, which will continue to be listed and traded on the NYSE during such cure period, subject to the Company’s compliance with other NYSE continued listing standards.

Terran Orbital Schedules Conference Call to Discuss Third Quarter 2023 Financial Results

Retrieved on: 
Friday, October 20, 2023
Other Defense, Contracts, Aerospace, Satellite, Manufacturing, Government Technology, Technology, Finance, Professional Services, Defense, Telecommunications, Science, Networks, Data Analytics, Research, Mobile, Wireless, Orbital Corporation, Market for corporate control, NYSE, LLAP

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 host the Company’s third quarter 2023 results conference call on November 14, 2023, at 11:00 a.m. E.T.

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 host the Company’s third quarter 2023 results conference call on November 14, 2023, at 11:00 a.m. E.T.
  • Participating on the call will be Terran Orbital’s Chief Executive Officer, Marc Bell, and Acting Chief Financial Officer and Corporate Controller, Mathieu Riffel, who will discuss operational and financial highlights for the quarter ended September 30, 2023.
  • US-based participants may access the Terran Orbital earnings call at (833) 470-1428, while international callers may use +1-404-975-4839.
  • Additionally, a live webcast and replay will be available under the Events and Presentations section of Terran Orbital’s investor relations website at Terran Orbital Corporation – Events & Presentations .

Independent Directors of Terran Orbital Publish Letter to Shareholders

Retrieved on: 
Friday, October 20, 2023
Technology, Mobile, Wireless, Venture Capital, Defense, Government Technology, Other Defense, Contracts, Entrepreneur, Finance, Professional Services, Robotics, Satellite, Other Manufacturing, Other Technology, Telecommunications, Consumer, Software, Networks, Engineering, Internet, Hardware, Aerospace, Manufacturing, NYSE, LLAP, Finastra, Independent director, Human, Letter, Management, Communications satellite

Today, the independent directors of the Board of Directors of Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”) issued an open letter to the Company’s shareholders.

Key Points: 
  • Today, the independent directors of the Board of Directors of Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”) issued an open letter to the Company’s shareholders.
  • The Board’s letter is in response to an October 11, 2023 letter sent by a shareholder group led by Sophis Investments LLC (the “Sophis Letter”).
  • To Fellow Shareholders of Terran Orbital:
    Terran Orbital’s Board of Directors and management team maintains an ongoing dialogue with shareholders and welcomes input about the Company’s strategy, performance and governance.
  • As the independent directors of Terran Orbital, we are writing to communicate our continued and unqualified support for Marc and the Company’s entire management team.

Terran Orbital Opens New Printed Circuit Board Assembly Facility

Retrieved on: 
Friday, October 13, 2023
Satellite, Defense, Other Defense, Technology, Logistics, Supply Chain Management, Aerospace, Transport, Manufacturing, Multimedia, NYSE, LLAP, Automated optical inspection, SMT, Bell, Entrepreneurship, Orbital, Printed circuit board, PCBA, AOI

Terran Orbital (NYSE: LLAP ), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the official opening of two new advanced Printed Circuit Board Assembly (PCBA) lines in Irvine, CA.

Key Points: 
  • Terran Orbital (NYSE: LLAP ), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the official opening of two new advanced Printed Circuit Board Assembly (PCBA) lines in Irvine, CA.
  • By owning our own facility, we can produce higher quality boards faster, furthering our goal of responsive space.
  • “I’m a big believer that if you control your supply chain, you control your destiny,” explained Marc Bell, CEO, Co-Founder, and Chairman of Terran Orbital.
  • Bell added, “Our two new PCBA lines bring us one step closer to our goal of being 100% vertically integrated.”

Group of Concerned Co-Founders and Investors in Terran Orbital Send Letter to Board Outlining Immediate Actions Required to Protect and Maximize Stockholder Value

Retrieved on: 
Thursday, October 12, 2023
Professional Services, Technology, Satellite, Aerospace, Manufacturing, Finance, Institutional Shareholder Services, NYSE, Audit committee, Compensated emancipation, Letter, Government, Enterprise value, Rationalization, Culture, Defense, LLAP, Entrepreneurship, EAC, Enterprise, Weakness, Lockheed Martin, Board for Licensing Matters and Foreign Medical Practitioners, Professional Football Compensation Committee, Suite, Evaluation, Sale, AGC Aerospace & Defense, Management, Retail, Security (finance), Lockheed, Terran, Tyvak

Commence a comprehensive strategic review process and retain outside financial and legal advisors to evaluate all strategic alternatives and opportunities available to maximize stockholder value.

Key Points: 
  • Commence a comprehensive strategic review process and retain outside financial and legal advisors to evaluate all strategic alternatives and opportunities available to maximize stockholder value.
  • We write to you as aligned, long-term stockholders and experienced Aerospace & Defense investors seeking a constructive dialogue to protect and maximize the material value we believe is embedded within Terran.
  • We believe that Terran has several potential strategic opportunities available to maximize value for stockholders and other stakeholders.
  • We are highly confident that doing so will maximize long-term value for Terran and is in the best interests of the Company’s stockholders, employees, and customers.

Terran Orbital Announces Closing of $32.5 Million Public Offering

Retrieved on: 
Monday, September 25, 2023
Technology, Other Defense, Satellite, Aerospace, Software, Manufacturing, Government Technology, Hardware, Robotics, Defense, Maintenance, Park Avenue, Enterprise file synchronization and sharing, Research, Sale, Public expenditure, 3rd Floor, Prospectus, Form, LLAP, Security (finance), NYSE, Orbital Corporation

H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.

Key Points: 
  • H.C. Wainwright & Co. acted as the exclusive placement agent for the offering.
  • The gross proceeds from the offering to the Company were approximately $32.5 million, before deducting placement agent’s fees and other offering expenses payable by the Company.
  • The offering was made only by means of a prospectus supplement and accompanying prospectus that form a part of the shelf registration statement.
  • A final prospectus supplement related to the offering was filed with the SEC and may be obtained on the SEC’s website, located at www.sec.gov .

Terran Orbital Announces Pricing of $32.5 Million Public Offering

Retrieved on: 
Tuesday, September 19, 2023
Satellite, Software, Finance, Hardware, Professional Services, Technology, Aerospace, Manufacturing, Maintenance, Park Avenue, Enterprise file synchronization and sharing, Research, Sale, Public expenditure, 3rd Floor, Prospectus, Form, LLAP, Security (finance), NYSE, Orbital Corporation

The offering is expected to close on or about September 21, 2023, subject to the satisfaction of customary closing conditions.

Key Points: 
  • The offering is expected to close on or about September 21, 2023, subject to the satisfaction of customary closing conditions.
  • H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
  • The gross proceeds from the offering to the Company are expected to be approximately $32.5 million, before deducting placement agent’s fees and other offering expenses payable by the Company.
  • The offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the shelf registration statement.