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 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.