Terran Orbital Unveils Next-Generation SmallSat GEO™ Solution
Terran Orbital announced their entrance into the small satellite geosynchronous orbit (GEO) market with their SmallSat GEO™ solution for satellites above 500kg. This will be unveiled at the SATELLITE 2024 trade show, happening March 18-21 at the Walter E. Washington Convention Center in Washington D.C. Visit us at Booth #2251 and experience our next-generation SmallSat GEO™ solution through immersive augmented reality.
Terran Orbital Selected as One of the Companies Awarded Up To $45 Million IDIQ by NASA to Support Space Technology Advancement
Today, Terran Orbital Corporation announced it is one of 15 companies awarded Indefinite-Delivery/Indefinite-Quantity (IDIQ) contracts with a maximum combined value of $45 million. The contracts are in support of NASA’s Flight Opportunities and Small Spacecraft Technology programs within the agency’s Space Technology Mission Directorate.
Terran Orbital Awarded a $15.2 million Contract from the US Space Force
Terran Orbital Corporation announced it was awarded a $15.2 million contract to supply Ambassador Class satellite platforms complete with solar arrays and support equipment to the Air Force Research Laboratory AFRL. The contract, managed through Axient Corporation, will integrate payloads onto these ESPA-Grande size space vehicle platforms to support specific United States Space Force missions. Delivery is planned in the 4th quarter of 2024.
Voyager Vitality! Terran Orbital’s CAPSTONE Nanosatellite Exceeds Expectations
Terran Orbital Corporation announced that its 12U nanosatellite built for Advanced Space’s CAPSTONE™ mission in support of NASA, has surpassed 450 days in orbit around the moon. Launched June 28, 2022, the space vehicle based on Terran Orbital’s proven Voyager platform continues to demonstrate exceptional stability and performance while supporting critical lunar navigation experiments.
Terran Orbital Announces Agreement with Shareholder Group
Terran Orbital announced that it has entered into an agreement with the investor group comprised of Sophis Investments LLC, Sophis GP LLC, Tassos Recachinas, Roark’s Drift, LLC, Joseph Roos, Jordi Puig-Suari, Roland Coelho and Austin Williams (collectively, the “Investor Group”).
Terran Orbital Reports an Excess of $70 Million Year-End Cash Balance
Terran Orbital Corporation today pre-announced its 2023 year-end cash balance. The company expects to report an excess of $70 million in cash and cash equivalents as of December 31, 2023, compared to cash and cash equivalents of $38.7 million as of September 30, 2023, primarily resulting from the receipt of key customer payments at year-end. “We are entering 2024 with a strong financial foundation that we believe will enable us to continue to execute on our strategic and operational objectives,” said Marc Bell, Terran Orbital’s Co-Founder, Chairman, and Chief Executive Officer.