Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions. The Satellite Solutions segment offers end-to-end satellite solutions, including spacecraft design, development, launch services, and on-orbit operations for critical missions across a range of applications in various orbits to governmental agencies and commercial businesses. The Earth Observation Solutions segment develops, builds, launches, and operates a constellation of earth observation satellites that has synthetic aperture radar and electro-optical capabilities to provide earth observation data and mission solutions. It also focuses to provide secondary payload solutions and onboard data processing capabilities on its satellite constellation, including sensors, optical links, or other mission solutions. The company was founded in 2013 and is headquartered in Boca Raton, Florida.
IPO Year: 2021
Exchange: NYSE
Website: https://terranorbital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/19/2024 | $3.00 → $0.25 | Buy → Neutral | H.C. Wainwright |
| 1/8/2024 | $2.50 → $1.35 | Buy → Neutral | B. Riley Securities |
| 7/28/2023 | $5.00 | Buy | H.C. Wainwright |
| 5/26/2023 | $7.00 → $1.35 | Buy → Underperform | BofA Securities |
| 9/12/2022 | $10.00 | Buy | B. Riley Securities |
| 8/15/2022 | $8.00 | Buy | Stifel |
| 6/15/2022 | $9.00 | Buy | BofA Securities |
| 4/20/2022 | $10.00 | Buy | Jefferies |
| 4/8/2022 | $22.00 | Buy | Canaccord Genuity |
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Today, Terran Orbital Corporation (NYSE:LLAP) ("Terran Orbital" or the "Company") announced that leading independent proxy advisory firms Glass Lewis & Co. ("Glass Lewis") and Institutional Shareholder Services ("ISS"), recommend that Terran Orbital Stockholders vote "FOR" the adoption of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of August 15, 2024, by and among Terran Orbital, a Delaware corporation, Lockheed Martin Corporation ("Lockheed Martin"), a Maryland corporation, and Tholian Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Lockheed Martin (the "Merger Agreement Proposal" and such transaction, the "Merger"). Glass Lewis considered t
Tyvak International SRL ("Tyvak International"), a wholly-owned subsidiary of Terran Orbital Corporation ((LLAP) and a leading European nano and microsatellite manufacturer based in Italy, proudly announces the successful launch and deployment of IPERDRONE.0 following its release from the launcher. First contact has been established, and the Tyvak International team is now diligently working on the commissioning of the vehicle. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240820413136/en/Photo Credit: SpaceX This advanced space vehicle, developed for the Italian Space Agency, was launched aboard SpaceX's Transporter 11 mission
Tyvak Nano-Satellite Systems, Inc., Irvine, California (a Terran Orbital Corporation) (NYSE:LLAP) ("Terran Orbital" or the "Company"), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, is proud to announce it has been chosen by the Space Development Agency (SDA) to produce 10 satellites for the Tranche 2 Transport Layer (T2TL) Gamma contract. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240819895138/en/Image Credit: Terran Orbital Terran Orbital will undertake the comprehensive design, construction, integration, testing, and delivery of 10 T2TL Gamma satellites based on its Am
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 scheduled launch of its Pathfinder-R (PTD-R) and Pathfinder-4 (PTD-4) spacecraft. These 6U Triumph class space vehicles are set to launch aboard the Transporter-11 Rideshare mission with SpaceX from Vandenberg Space Force Base in California on August 16. The spacecraft are part of NASA's Pathfinder Technology Demonstrator (PTD) series, which aims to test the viability and operational effectiveness of a variety of technologies in low-Earth orbit. This press release features multimedia. View the f
Strategic Acquisition Reinforces Lockheed Martin's Commitment to Expanding Advanced Satellite Manufacturing and Responsive Space Capabilities BETHESDA, Md., Aug. 15, 2024 /PRNewswire/ -- Lockheed Martin (NYSE:LMT) today announced the signing of a definitive agreement to acquire Terran Orbital (NYSE:LLAP), a global leader of satellite-based solutions primarily supporting the aerospace and defense industries. Terran Orbital brings a high throughput, robotic manufacturing capacity and high-performing modular space vehicle designs. Combined with Lockheed Martin's record of perfor
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 that on July 15, 2024, it received the certificate of occupancy for its previously announced new assembly facility, located at 4 Goodyear in Irvine, California. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240725092392/en/Terran Orbital's New Facility. (Photo Credit: Terran Orbital) The facility spans 94,000 square feet and is situated on a five-acre site. Upon final interior completion of construction and outfitting, it will significan
Terran Orbital Corporation (NYSE:LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries (the "Company"), today announced the launch of an at-the-market offering program (the "ATM"), which will allow the Company to offer its common stock, from time to time, in transactions that are deemed to be "at the market" offerings not to exceed an aggregate amount of $98,000,000. Notwithstanding the foregoing, pursuant to certain of the Company's debt documents, the Company is limited to selling 26,362,513 shares of its common stock under the at-the-market program unless the Company obtains the required consent to sell more shares of common stock. Sal
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 Turin, Italy, announced the successful achievement of Milani's Qualification and Acceptance Review. Delivered in March of 2024 to the European Space Agency, the vehicle successfully completed its system level testing with the Hera mothercraft at the ESA's Space Research and Technology Center (ESTEC). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240711443121/en/Tyvak International's Milani Team (Photo: Business Wire) Milani, a satellite develope
Terran Orbital Corporation (NYSE:LLAP) ("Terran Orbital" or the "Company"), a global leader in satellite-based solutions primarily serving the aerospace and defensive industries, has been awarded the 2024 Greater Irvine Chamber's award for "Best Business of the Year." This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701256064/en/Terran Orbital COO Peter Krauss accepting award on behalf of Terran Orbital. Presented by Dave Coffaro (L), Interim President and CEO of the Greater Irvine Chamber and Lisa Thomas (R), Chair of the Board for the Greater Irvine Chamber. (Photo Credit: Terran Orbital) "I am proud to accept this award on b
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 signing of a Memorandum of Understanding (MOU) with Hanwha Systems. This MOU solidifies their strategic partnership, marking a significant milestone in their collaborative efforts to develop state-of-the-art solar and satellite solutions through Hanwha Systems and its subsidiary, Flexell Space. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626774432/en/Co-Founder, Chairman, and CEO of Terran Orbital Marc Bell (Left) and Tim Ahn (R
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Peter Krauss Appointed as Chief Operating Officer Adarsh Parekh Appointed as Chief Financial Officer Mathieu Riffel Appointed as Chief Accounting Officer Terran Orbital Corporation ((LLAP) ("Terran Orbital" or the "Company"), a global leader in satellite-based solutions serving the aerospace, defense, intelligence, and commercial industries, today announced key appointments to its executive team aimed at accelerating the Company's path to driving revenue growth and becoming free cash flow positive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240529656171/en/Terran Orbital welcomes Peter Krauss as its new Chief Operating
Leadership Missteps Have Resulted in Multiple Highly Dilutive Financings and Share Price Decline of ~94% Since Going Public in March 2022 Despite Estimated $3 Per Share Present Intrinsic Value Believes Urgent Board and Management Changes are Required to Remediate Self-Inflicted Harm, Drive Share Price Appreciation, Minimize Operational Risk, Optimize Long-Term Stockholder Value and Restore Market Credibility Terran Board Must Immediately Separate Roles of CEO and Chairman and Install New Highly Qualified CEO, Establish Best-in-Class Corporate Governance by De-Staggering and Reconstituting the Board, and Conduct a Strategic Review A group of concerned investors (the "Concerned Investor
Terran Orbital Corporation (NYSE:LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the appointment of James Black as Senior Vice President and General Counsel. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221207005919/en/Terran Orbital Appoints James Black as Senior Vice President and General Counsel (Image Credit: Terran Orbital Corporation) Marc Bell, Terran Orbital's Co-Founder, Chairman, and Chief Executive Officer commented, "Welcoming Jim into the Terran Orbital family has been a privilege. His over twenty years of experience in complex corporate ae
Terran Orbital Corporation (NYSE:LLAP), a global leader in satellite solutions, primarily serving the United States and Allied aerospace and defense industries, today announced the appointment of Jonathan Siegmann as Senior Vice President of Corporate Development. Mr. Siegmann will lead Terran Orbital's investor relations, M&A, and venture efforts among other development initiatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220712005057/en/Jonathan Siegmann (Credit: Terran Orbital Corporation) Marc Bell, Terran Orbital's Co-Founder, Chairman, and Chief Executive Officer commented, "I am pleased to welcome Jon to the Terran
Gainers Li-Cycle Holdings (NYSE:LICY) shares moved upwards by 23.2% to $3.66 during Wednesday's regular session. The market value of their outstanding shares is at $82.3 million. Shimmick (NASDAQ:SHIM) shares increased by 18.5% to $1.91. The company's market cap stands at $49.0 million. Perma-Fix Envirn Servs (NASDAQ:PESI) stock rose 15.96% to $10.75. The company's market cap stands at $169.7 million. Rentokil Initial (NYSE:RTO) stock moved upwards by 14.56% to $30.84. The company's market cap stands at $15.4 billion. Montana Technologies (NASDAQ:AIRJ) shares increased by 13.76% to $10.0. The market value of their outstanding shares is at $538.2 million. FiscalNote Holdings (NYSE:NOTE)
Gainers Nuburu (AMEX:BURU) shares rose 14.4% to $0.21 during Tuesday's regular session. The market value of their outstanding shares is at $8.0 million. Terran Orbital (NYSE:LLAP) shares increased by 13.23% to $0.83. The market value of their outstanding shares is at $167.6 million. Solidion Technology (NASDAQ:STI) stock rose 13.17% to $1.6. The company's market cap stands at $138.6 million. As per the press release, Q1 earnings came out 2 days ago. Nauticus Robotics (NASDAQ:KITT) shares increased by 11.86% to $0.26. The market value of their outstanding shares is at $16.1 million. Getaround (NYSE:GETR) stock moved upwards by 11.72% to $0.16. The company's market cap stands at $15.0 mil
NASA has on-ramped two additional space vehicle platforms, which could position Terran Orbital as a premier partner for the space agency, offering a wider range of solutions for diverse missions. Terran Orbital has been an existing awardee under this contracting vehicle since 2020 through its Tyvak Nano-Satellite subsidiary, with two space vehicles already eligible for NASA task orders. The Rapid IV awards have a shared potential ceiling of $6 billon amongst all contractors selected.
Gainers Intelligent Living (NASDAQ:ILAG) shares moved upwards by 9.6% to $0.56 during Monday's after-market session. The company's market cap stands at $10.1 million. Advent Technologies Hldgs (NASDAQ:ADN) shares rose 6.86% to $3.27. The company's market cap stands at $8.4 million. Markforged Holding (NYSE:MKFG) shares moved upwards by 5.07% to $0.47. The market value of their outstanding shares is at $95.4 million. Zoomcar Holdings (NASDAQ:ZCAR) stock rose 5.05% to $0.24. The company's market cap stands at $15.6 million. Nature's Miracle Holding (NASDAQ:NMHI) stock increased by 4.98% to $0.54. The market value of their outstanding shares is at $14.2 million. Applied UV (NASDAQ:AUVI) s
HC Wainwright & Co. analyst Scott Buck reiterates Terran Orbital (NYSE:LLAP) with a Buy and maintains $3 price target.
Stifel analyst Erik Rasmussen maintains Terran Orbital (NYSE:LLAP) with a Buy and maintains $7 price target.
Expanding collaboration and commitment from Lockheed Martin, awarded a new contract for 18 space vehicles for the Space Development Agency (SDA) Second quarter 2024 awards exceed $100 million to-date As of March 31, 2024, backlog was $2.7 billion; and, as of today, is estimated to be over $2.8 billion, inclusive of $400 million of non-Rivada programs Review of strategic alternatives still ongoing 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 months ended March 31, 2024. Mar
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 first quarter 2024 earnings conference call at 11:00 a.m. E.T. on May 14, 2024. Terran Orbital's Co-Founder, Chairman and Chief Executive Officer, Marc Bell, and Acting Chief Financial Officer and Corporate Controller, Mathieu Riffel, will discuss operational and financial highlights for the quarter ended March 31, 2024. The Company's earnings release will be published prior to market open on the same day. U.S.-based callers can dial +1-833-470-1428 (toll-free) to partic
Record 2023 revenue of $135.9 million up 44% year-over-year Record 2023 gross profit of $8.6 million improved $25.8 million over prior year Manufacturing 78 satellites for Lockheed Martin for Space Development Agency programs Signed over $2.7 billion in new awards in 2023 representing more than 360 satellites Introduced seven new standard bus designs, spanning multiple size classes of satellites Launched new Responsive Space Initiative to deliver standard buses in 30 days, with integrated payloads in 60 days Commissioned new 50 Tech facility and broke ground on Goodyear expansion facility $71.7 million cash balance as of December 31, 2023 Terran Orbital Corporation
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 that the Company's Board of Directors (the "Board") adopted a limited duration stockholder rights plan (the "Rights Plan"), which is intended to enable all stockholders to realize the full value of their investment in Terran Orbital. The Board adopted the Rights Plan following a non-binding proposal (the "Lockheed Proposal") from Lockheed Martin Corporation ("Lockheed Martin") on March 1, 2024 to acquire all outstanding shares of the Company's common stock for cash. Consistent with its fiduciary dutie
Terran Orbital Corporation (NYSE:LLAP) ("Terran Orbital" or the "Company"), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, will host a conference call at 11:00 a.m. E.T. on March 26, 2024 to discuss the Company's fourth quarter and full-year 2023 results, operational performance, and outlook. The Company's earnings release will be published prior to market open on the same day. U.S.-based callers can dial +1-833-470-1428 (toll-free) to participate, while international callers may use +1-404-975-4839. The access code is 314968. Participants may also register to view the event here. Additionally, a live webcast and replay will be availab
New Bus Designs and Rapid Response Pave the Way for the Future Record revenue of $43.9 million in 3Q23, up 58% year-over-year $136.2 million LTM revenue, up 87% versus prior 12-month period Gross profit of $9.7 million compared to $37 thousand in 3Q22 Gross margin improved to 22.1% in 3Q23 from 0.1% in 3Q22 Announced over $160 million in new awards since June 30, 2023 Consolidated cash balance in excess of $70 million as of October 31, 2023 Introduced seven new standard bus designs, spanning multiple classes of small satellites Launched new Responsive Space Initiative to deliver standard buses in 30 days, with integrated payloads in 60 days Terran Orbital Corporat
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. Quarterly results will be published prior to the market opening on November 14, 2023. US-based participants may access the Terran O
$2.4 billion Rivada Space Networks program on schedule - Rivada current on all payments $120.2 million LTM revenues up 117% versus prior 12-month period New 50 Tech facility opens in Irvine - doubling satellite manufacturing capacity Backlog increased to over $2.6 billion and over 370 satellites Reaffirming FY2023 revenue in excess of $250 million 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 six months ended June 30, 2023. Second Quarter 2023 Highlights Generated
Terran Orbital Corporation (NYSE:LLAP) ("Terran Orbital" or the "Company") announced today that it will host the Company's second quarter 2023 results conference call at 11 a.m. E.T. on August 15, 2023. U.S.-based callers can dial 1-833-470-1428 (toll-free) to participate, while international callers may use +1-404-975-4839. The access code is 822570. Participants may also register to view the event here. Additionally, a live webcast and replay will be available under the Events and Presentations section of Terran Orbital's investor relations Events & Presentations website. About Terran Orbital Terran Orbital is a leading manufacturer of satellite products primarily serving the aerosp
$28.2 million first quarter 2023 revenues, up 115% year over year Over $2.5 billion and with a record 360 satellites in backlog as of quarter end Announcing a new $87 million constellation order Guiding FY2023 revenue in excess of $250 million 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 months ended March 31, 2023. First Quarter 2023 Highlights Generated $28.2 million of revenue with contribution from over 20 programs Backlog of over $2.5 billion represents over 1,3
H.C. Wainwright downgraded Terran Orbital from Buy to Neutral and set a new price target of $0.25 from $3.00 previously
B. Riley Securities downgraded Terran Orbital from Buy to Neutral and set a new price target of $1.35 from $2.50 previously
H.C. Wainwright initiated coverage of Terran Orbital with a rating of Buy and set a new price target of $5.00
BofA Securities downgraded Terran Orbital from Buy to Underperform and set a new price target of $1.35 from $7.00 previously
B. Riley Securities initiated coverage of Terran Orbital with a rating of Buy and set a new price target of $10.00
Stifel initiated coverage of Terran Orbital with a rating of Buy and set a new price target of $8.00
BofA Securities initiated coverage of Terran Orbital with a rating of Buy and set a new price target of $9.00
Jefferies initiated coverage of Terran Orbital with a rating of Buy and set a new price target of $10.00
Canaccord Genuity initiated coverage of Terran Orbital with a rating of Buy and set a new price target of $22.00