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 Received the Patriot Award from the Office of the Secretary of Defense
Terran Orbital Corporation received the recognition of Patriotic Employer by the Office of the Secretary of Defense, presented by Tanya Tyson, for contributing to national security and protecting liberty and freedom by supporting employee participation in America’s National Guard and Reserve Force.
Terran Orbital Wins 2024 BIG Innovation Award
Terran Orbital Corporation announced today that CAPSTONE™, a satellite manufactured by Terran Orbital for Advanced Space’s NASA lunar mission, has been named a winner in the 2024 BIG Innovation Awards presented by the Business Intelligence Group.
Built In Honors Terran Orbital in Its Esteemed 2024 Best Places To Work Awards
Built In today announced that Terran Orbital Corporation was honored in its 2024 Best Places To Work Awards. Specifically, Terran Orbital earned a place on both 100 Best Places to Work and 100 Best Midsize Companies to Work in Atlanta, 100 Best Midsize Companies to Work in Los Angeles, and both 100 Best Places to Work and 100 Best Midsize Companies to Work in Miami. The annual awards program includes companies of all sizes, from startups to those in the enterprise in large tech markets across the U.S.
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.
Terran Orbital Receives Payment from Rivada
Terran Orbital Corporation today announced that it had received a payment from Rivada Space Networks pursuant to the Company’s previously announced contract with Rivada. The amount was for the completion of a program milestone. As a result, Rivada is current on all outstanding invoices. The Company expects to receive additional milestone payments in 2024 and continues to expect to meet its delivery obligations under the Rivada Contract on schedule in 2025 and 2026.