Terran Orbital Reports Record Breaking Second Quarter 2022 Financial Results

Total revenue for the second quarter of 2022 was $21.4 million, up 127% compared to $9.4 million in the same period in the prior year. The increase in revenue attributable to the Satellite Solutions segment was primarily due to the continued and increased level of progress made in satisfying our customer contracts and reflects the ongoing favorable impact from significant contract wins and modifications in recent periods.