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.
Terran Orbital Concludes TCM-2 for CAPSTONE
Terran Orbital successfully executed CAPSTONE’s TCM-2 burn on July 26 at 1:45 UTC. As with TCM 1-a and TCM 1-c, this burn confirms the NASA satellite will maintain the proper trajectory to continue charting a groundbreaking path to the Moon.
Terran Orbital Schedules Conference Call to Discuss Second Quarter 2022 Financial Results
Terran Orbital will host the Company’s second quarter 2022 results conference call on August 9, 2022 at 9:00 a.m. ET.
Terran Orbital Commissions Fleet Space CENTAURI-5 Payload
Terran Orbital announces the commissioning of the Fleet Space CENTAURI-5 payload. The payload provides Machine to Machine (M2M) and Internet of Things (IoT) connectivity to ground terminals and is an improved version of the payloads flown on CENTAURI-3 and CENTAURI-4.
Terran Orbital Successfully Completes Next Step in Demonstrating Space-to-Ground Optical Link on NASA’s Pathfinder Technology Demonstrator 3 Satellite
Terran Orbital announces the first signal acquisition of the Terabyte Infrared Delivery (TBIRD) Lasercom Optical Link on NASA’s Pathfinder Technology Demonstrator 3 (PTD-3) satellite. Acquisition of the Lasercom Optical Link means that the spacecraft and the optical ground terminal have successfully exchanged laser communication signals — bringing PTD-3 one step closer to full payload commissioning.
Terran Orbital Executes CAPSTONE’s Second TCM Burn
Today announced the successful completion of CAPSTONE’s second TCM burn. Much smaller than the first TCM burn, this second TCM burn demonstrates the spacecraft’s ability to perform small and precise maneuvers, a capability that is critical to operations in a Near Rectilinear Halo Orbit (NRHO).