LLAP

Group of Concerned Co-founders and Investors in Terran Orbital Sends Letter to Board

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Technology, Satellite, Aerospace, Manufacturing, Finance, Suite, Publishing, NYSE, LLAP, Lockheed Martin, Multimedia, Enclosure, Sustainability Accounting Standards Board, Prospectus, Risk, Attitude, Travel, Tranche, Letter, Management, Pharmaceutical industry, Terran

We believe such a stance only further erodes shareholder value and market confidence in Terran.

Key Points: 
  • We believe such a stance only further erodes shareholder value and market confidence in Terran.
  • Our primary concern remains protecting and ultimately enhancing the value that we believe is embedded in Terran, to the benefit of all shareholders.
  • We continue to offer solutions that, in our view, are the best hope for sustainably reversing sentiment and performance at Terran.
  • Olshan Frome Wolosky LLP is serving as legal counsel to the Concerned Investor Group.

Terran Orbital Holds Town Hall Meeting; Discusses Recently Announced $160 Million in New Awards

Retrieved on: 
Friday, October 27, 2023
Technology, Other Defense, Contracts, Venture Capital, Satellite, Aerospace, Professional Services, Manufacturing, Defense, Q&A, CubeSat, NYSE, Government, LLAP, Entrepreneurship, Multimedia, Orbital Corporation, Growth, Component, Town hall, Town, Management, Renewable energy

Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, held its first live Shareholder Town Hall Meeting (the “Town Hall”) yesterday.

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, held its first live Shareholder Town Hall Meeting (the “Town Hall”) yesterday.
  • Over a decade ago, Terran Orbital pioneered the creation of CubeSat standards, and today, they are establishing new benchmarks for satellite technology for the coming decade.
  • “These awards are evidence of the hard work and dedication of each Terran at Terran Orbital,” said Marc Bell, Co-Founder, Chairman, and Chief Executive Officer at Terran Orbital.
  • We hope that our transparency yesterday demonstrates our continued commitment to be accessible to our shareholders; based on the feedback we received, we plan to do another town hall in the future.”

Terran Orbital Awarded $7.7 Million Lockheed Martin Contract

Retrieved on: 
Thursday, October 26, 2023
Technology, Other Defense, Contracts, Venture Capital, Satellite, Telecommunications, Professional Services, Aerospace, Manufacturing, Defense, Martin, Transport layer, Lockheed Martin, Design review (U.S. government), CDR, NYSE, Lockheed, ECP, Multimedia, LLAP, SDA, Arms industry

Lockheed Martin has awarded Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, an Engineering Change Proposal (ECP) to host additional payloads.

Key Points: 
  • Lockheed Martin has awarded Terran Orbital Corporation (NYSE: LLAP ) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, an Engineering Change Proposal (ECP) to host additional payloads.
  • The contract modification adds $7.7M to an existing satellite design and manufacturing program.
  • View the full release here: https://www.businesswire.com/news/home/20231026631594/en/
    Last year, Terran Orbital delivered 10 satellite buses to Lockheed Martin in support of their Tranche 0 Transport Layer contract with SDA.
  • Terran Orbital is currently building 42 buses for Lockheed Martin to help the company fulfill its $700 million contract for the SDA’s Tranche 1 Transport Layer (T1TL), currently scheduled for a late 2024 launch, and, as previously announced this week, Terran Orbital was just awarded 36 buses to help the company fulfill its $816 million contract for the SDA’s Tranche 2 Transport Layer (T2TL), currently scheduled for late 2026.

Terran Orbital Holds Town Hall Meeting

Retrieved on: 
Thursday, October 26, 2023
Other Manufacturing, Technology, Other Defense, Satellite, Other Technology, Telecommunications, Aerospace, Software, Manufacturing, Defense, NYSE, LLAP, Security (finance), Cryptocurrency

Due to the Terran Orbital Corporation (NYSE: LLAP ) Shareholder Town Hall Meeting to be held today at 3:00 p.m. E.T., the Company has requested that the New York Stock Exchange halt trading in the Company’s common stock for the remainder of the day.

Key Points: 

Due to the Terran Orbital Corporation (NYSE: LLAP ) Shareholder Town Hall Meeting to be held today at 3:00 p.m. E.T., the Company has requested that the New York Stock Exchange halt trading in the Company’s common stock for the remainder of the day.

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.