Articles from Terran Orbital

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”) announced that leading independent proxy advisory firms Glass Lewis & Co. (“Glass Lewis”) and Institutional Shareholder Services (“ISS”), recommend that Terran Orbital Stockholders vote “FOR” the adoption of the Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 15, 2024, by and among Terran Orbital, a Delaware corporation, Lockheed Martin Corporation (“Lockheed Martin”), a Maryland corporation, and Tholian Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Lockheed Martin (the “Merger Agreement Proposal” and such transaction, the “Merger”).

Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSELLAP) and a leading European nano and microsatellite manufacturer based in Italy, proudly announces the successful launch and deployment of IPERDRONE.0 following its release from the launcher. First contact has been established, and the Tyvak International team is now diligently working on the commissioning of the vehicle.

Tyvak Nano-Satellite Systems, Inc., Irvine, California (a Terran Orbital Corporation) (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, is proud to announce it has been chosen by the Space Development Agency (SDA) to produce 10 satellites for the Tranche 2 Transport Layer (T2TL) Gamma contract.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced the scheduled launch of its Pathfinder-R (PTD-R) and Pathfinder-4 (PTD-4) spacecraft. These 6U Triumph class space vehicles are set to launch aboard the Transporter-11 Rideshare mission with SpaceX from Vandenberg Space Force Base in California on August 16. The spacecraft are part of NASA's Pathfinder Technology Demonstrator (PTD) series, which aims to test the viability and operational effectiveness of a variety of technologies in low-Earth orbit.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced that on July 15, 2024, it received the certificate of occupancy for its previously announced new assembly facility, located at 4 Goodyear in Irvine, California.

Terran Orbital Corporation (NYSELLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries (the “Company”), today announced the launch of an at-the-market offering program (the “ATM”), which will allow the Company to offer its common stock, from time to time, in transactions that are deemed to be “at the market” offerings not to exceed an aggregate amount of $98,000,000. Notwithstanding the foregoing, pursuant to certain of the Company’s debt documents, the Company is limited to selling 26,362,513 shares of its common stock under the at-the-market program unless the Company obtains the required consent to sell more shares of common stock. Sales pursuant to the ATM will be conducted through the Company’s sales agent, H.C. Wainwright & Co., LLC.

Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSELLAP) and a leading European nano and microsatellite manufacturer based in Turin, Italy, announced the successful achievement of Milani’s Qualification and Acceptance Review. Delivered in March of 2024 to the European Space Agency, the vehicle successfully completed its system level testing with the Hera mothercraft at the ESA’s Space Research and Technology Center (ESTEC).

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defensive industries, has been awarded the 2024 Greater Irvine Chamber’s award for “Best Business of the Year.”

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced the signing of a Memorandum of Understanding (MOU) with Hanwha Systems. This MOU solidifies their strategic partnership, marking a significant milestone in their collaborative efforts to develop state-of-the-art solar and satellite solutions through Hanwha Systems and its subsidiary, Flexell Space.

Terran Orbital Corporation (NYSELLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries (the “Company”), today announced that, on June 17, 2024, it received written notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period. The NYSE notice does not result in the immediate delisting of the Company’s common stock from the NYSE.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced Co-Founder, Chairman, and CEO Marc Bell and CFO Adarsh Parekh will be presenting at Jefferies Annual Virtual Space Summit, scheduled for Tuesday, June 25 at 3:00 PM Eastern Time (12:00 PM Pacific Time).

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced the expansion of its capabilities under NASA’s long-standing multi-participant Rapid Spacecraft Acquisition IV (Rapid IV) Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract. NASA has on-ramped two additional space vehicle platforms, which could position Terran Orbital as a premier partner for the space agency, offering a wider range of solutions for diverse missions. Terran Orbital has been an existing awardee under this contracting vehicle since 2020 through its Tyvak Nano-Satellite subsidiary, with two space vehicles already eligible for NASA task orders. The Rapid IV awards have a shared potential ceiling of $6 billon amongst all contractors selected.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions serving the aerospace, defense, intelligence, and commercial industries, today announced key appointments to its executive team aimed at accelerating the Company's path to driving revenue growth and becoming free cash flow positive.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced its membership in the Mobile Satellite Services Association (MSSA). An industry effort to advance the development of direct-to-device (D2D) and IoT connectivity through an ecosystem of Non-Terrestrial Network (NTN) providers that are committed to seamlessly extending mobile coverage globally.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, celebrates the 3rd anniversary of its successful GEOStare SV2 mission. Launched on May 15, 2021, from NASA’s Kennedy Space Center in Florida, GEOStare SV2 has surpassed expectations, delivering exceptional results for commercial satellite imagery.

Terran Orbital Corporation (NYSELLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three months ended March 31, 2024.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced being selected by Lockheed Martin to produce 18 satellite buses for their recent Space Development Agency (SDA) Tranche 2 (T2) Tracking Layer contract.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced it will host the Company’s first quarter 2024 earnings conference call at 11:00 a.m. E.T. on May 14, 2024.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced the release of its inaugural Environmental, Social, and Governance Report (“ESG Report”). This report demonstrates Terran Orbital's commitment to operating with environmental responsibility, social consciousness, and strong corporate governance practices throughout its business activities.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, confirms its ongoing strategic review to maximize shareholder value. The review allows us to explore all options.

Tyvak International SRL (“Tyvak International”), a Torino, Italy-based subsidiary of Terran Orbital Corporation (NYSELLAP) and a leading European provider of nano and microsatellites, announced the successful launch of Fleet Space Technologies’ Centauri-6 satellite, which was developed in collaboration with Tyvak International.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announces its space-related technologies and programs for the 2024 39th Space Symposium (April 8-11, Broadmoor Hotel, Colorado Springs, CO).

Tyvak International SRL (“Tyvak International”), a Torino, Italy-based subsidiary of Terran Orbital Corporation (NYSELLAP) and a leading European provider of nano and microsatellites, today announced a secured service subcontract for the European Defense Agency’s (EDA) Hub for EU Defense Innovation (HEDI) proof-of-concept prototype 2023. This groundbreaking project focuses on Very Low Earth Orbit (VLEO) satellite exploration, marking a significant leap forward in military space technology.

Terran Orbital Corporation (NYSELLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced that it received a notice from the New York Stock Exchange (the “NYSE”) on March 29, 2024 stating that the Company has regained compliance with the minimum stock price continued listing standard set forth in Section 802.01C and will be removed from the NYSE’s noncompliant issuers list.

Terran Orbital Corporation (NYSELLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and twelve months ended December 31, 2023.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced it will be filing its Annual Report on Form 10-K with the Securities and Exchange Commission on April 1, 2024 and that it has rescheduled its fourth quarter and full year 2023 earnings call.

Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSELLAP) and a leading European nano and microsatellite manufacturer based in Torino, Italy, today announced that they have completed the formal delivery of the Hera Milani satellite to the European Space Agency. For this historical event, a ceremony was held on March 14th at Tyvak International’s premises in Torino, Italy.

Visit Terran Orbital at Booth #2251 or set an appointment to meet our dedicated team of experts and explore our suite of standard space vehicle platforms, designed to deliver speed, affordability, performance, and unmatched configurability for a wide range of mission profiles.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, 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.

Please replace the release dated March 6, 2024 with the following corrected version due to multiple revisions.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, 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.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced that the Company’s Board of Directors (the “Board”) adopted a limited duration stockholder rights plan (the “Rights Plan”), which is intended to enable all stockholders to realize the full value of their investment in Terran Orbital. The Board adopted the Rights Plan following a non-binding proposal (the “Lockheed Proposal”) from Lockheed Martin Corporation (“Lockheed Martin”) on March 1, 2024 to acquire all outstanding shares of the Company’s common stock for cash. Consistent with its fiduciary duties and in consultation with its financial and legal advisors, an independent committee of the Board will review and evaluate the Lockheed Proposal as part of the Company’s ongoing review of strategic alternatives to determine the course of action that it believes will maximize value for the Company’s stockholders. However, there is no guarantee that a strategic transaction involving Lockheed Martin or any other party will be approved or consummated. The independent committee does not intend to provide any updates with respect to the Lockheed Proposal or any other transaction, unless and until it deems further disclosure is appropriate.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced that its 12U nanosatellite built for Advanced Space’s CAPSTONE™ (Cislunar Autonomous Positioning System Technology Operations and Navigation Experiment) 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 Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today 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 Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, will host a conference call at 11:00 a.m. E.T. on March 26, 2024 to discuss the Company’s fourth quarter and full-year 2023 results, operational performance, and outlook. The Company’s earnings release will be published prior to market open on the same day.

This week, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, 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 Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defensive industries, 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.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today pre-announced its 2023 year-end cash balance.

Built In today announced that Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, 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 Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced that it had received a payment from Rivada Space Networks (“Rivada”) pursuant to the Company's previously announced contract with Rivada (the “Rivada Contract”). 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.

Tyvak International, European leader in small satellite solutions, today announced together with its project partners the successful achievement of Test Readiness Review of the Milani spacecraft. A critical component of the Hera planetary defense mission, Milani will be the European Space Agency’s (ESA) first deep-space nanosatellite. Milani will also be the first nanosatellite ever to orbit an asteroid. Tyvak International is responsible for Milani’s design, build, and mission operations. In this exploration, Tyvak International is joined by an excellent consortium of European industries and research centers from Finland, Czech Republic, and Italy.

Today, Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, received the Business Intelligence Group’s BIG Award for Business and was named Small Business of the Year. The organization’s annual program was advertised as the “Small Business of the Year” program and rewards companies, products, and people that are leading their respective industries.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, celebrates the one-year milestone of the CAPSTONE mission in a lunar Near Rectilinear Halo Orbit (NRHO). CAPSTONE, designed, built, and integrated by Terran Orbital and owned by Advanced Space, has demonstrated significant achievements during its mission.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced that Terran Orbital’s Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present at the Sidoti Micro-Cap Virtual Investor Conference.

Terran Orbital Corporation (NYSELLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and nine months ended September 30, 2023.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced two additional configurations of its largest platform offered in the standard product line the Company initially announced in September: Enterprise. The Enterprise-class bus is the point of departure for flat packing requirements carrying up to 24 satellites per launch. It is optimal for large constellations and comes in three standard, yet configurable, configurations: A, B, and C. Each configuration comes standard with Optical Inter-Satellite Link (OISL) functionality and has a large, flat deck optimized for communication and RF payloads. A new power storage system has been designed to reduce weight and increase the power available to the payload. Configuration A is the standard model; configuration B provides additional upgraded power and payload mass representing our most-capable LEO platform to date; and configuration C swaps payload mass for additional redundancy and provides power upgrades ready for MEO and GEO applications.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, held its first live Shareholder Town Hall Meeting (the “Town Hall”) yesterday. The virtual Town Hall was open to the public and included a live audio and video stream, during which the Company's Chief Executive Officer, Marc Bell, and the lead independent director of the Company's board of directors, Stratton Sclavos, provided a financial, operational, and strategic update and held a Q&A session.

Due to the Terran Orbital Corporation (NYSELLAP) Shareholder Town Hall Meeting to be held today at 3:00 p.m. E.T., the Company has requested that the New York Stock Exchange halt trading in the Company’s common stock for the remainder of the day.

Lockheed Martin has awarded Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, an Engineering Change Proposal (ECP) to host additional payloads. The contract modification adds $7.7M to an existing satellite design and manufacturing program. This addition was awarded following a successful Critical Design Review (CDR) earlier this year. The modification incorporates additional previously anticipated scope into the contract. This modification brings the total value of the contract to just over $52 million.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced its wholly-owned international subsidiary, Tyvak International s.r.l., has been chosen as a prime contractor under a $4.7 million or €4.5 million contract by the European Space Agency (ESA) for a proximity operations and in-orbit servicing mission that will deploy a nanosatellite spacecraft from Space Rider, the European uncrewed robotic laboratory.

Lockheed Martin has awarded Terran Orbital Corporation (NYSELLAP) a contract to build 36 satellite buses for Space Development Agency’s (SDA) Tranche 2 Transport Layer (T2TL) Beta constellation. Terran Orbital will deliver the buses to Lockheed Martin, which will conduct payload integration and jointly operate the satellites with SDA.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced it will host a virtual town hall style investor event on Thursday, October 26, 2023, at 3:00 p.m. E.T. / 12:00 p.m. P.T.

Terran Orbital Corporation (NYSELLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries (the “Company”), today announced that, on October 20, 2023, it received written notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s common stock was less than $1.00 per share over a consecutive 30 trading-day period. The NYSE notice does not result in the immediate delisting of the Company’s common stock from the NYSE.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced it will host the Company’s third quarter 2023 results conference call on November 14, 2023, at 11:00 a.m. E.T.

Today, the independent directors of the Board of Directors of Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”) issued an open letter to the Company’s shareholders. The Board’s letter is in response to an October 11, 2023 letter sent by a shareholder group led by Sophis Investments LLC (the “Sophis Letter”). The Sophis Letter advocated certain corporate governance changes, including replacing the Company’s Chairman and CEO, and recommended that the Board undertake a strategic review. The Board has considered the recommendations in the Sophis Letter and other more detailed recommendations previously presented to management by Sophis Investments. The full text of the Board’s letter follows.

Terran Orbital (NYSELLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the official opening of two new advanced Printed Circuit Board Assembly (PCBA) lines in Irvine, CA.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the closing of its previously announced public offering of 23,214,290 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 23,214,290 shares of common stock, at a combined public offering price of $1.40 per share (or common stock equivalent in lieu thereof) and accompanying warrant. The warrants have an exercise price of $1.50 per share, are immediately exercisable and will expire five years following the date of issuance. The closing occurred on September 21, 2023.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the pricing of its previously announced public offering of 23,214,290 shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase up to 23,214,290 shares of common stock, at a combined public offering price of $1.40 per share (or common stock equivalent in lieu thereof) and accompanying warrant. The warrants have an exercise price of $1.50 per share, are immediately exercisable, and will expire five years following the date of issuance. The offering is expected to close on or about September 21, 2023, subject to the satisfaction of customary closing conditions.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced that it intends to offer and sell in a public offering, subject to market and other conditions, shares of its common stock (or common stock equivalents in lieu thereof) and warrants to purchase shares of common stock. Each share of common stock (or common stock equivalent in lieu thereof) will be sold with a warrant to purchase the Company’s common stock. All of the shares of common stock (or common stock equivalents) and warrants in the offering are to be offered by the Company. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.

Terran Orbital Corporation (NYSELLAP), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced that 10 satellites incorporating Terran Orbital buses have been deployed in low Earth orbit following a Sept. 2, 2023 launch, from Vandenberg Space Force Base in California. The 10 satellites are part of the Tranche 0 Transport Layer of the Space Development Agency’s (SDA) Proliferated Warfighter Space Architecture (PWSA). Terran Orbital manufactured the buses for Lockheed Martin for payload integration and delivery to SDA.

Terran Orbital (NYSELLAP) today announced the official opening of a new 60,000-square-foot satellite manufacturing space adding to its existing manufacturing capability. With this previously announced addition, the total size of the manufacturing complex in Irvine has expanded to approximately 98,000 square feet.

Terran Orbital (NYSELLAP) announced today the launch of our Responsive Space Initiative. Under this initiative, we are committed to providing our customers with satellite buses within just 30 days and complete satellite systems with integrated payloads within 60 days. There are seven new satellite buses that will be participating in this program.

Terran Orbital (NYSELLAP) today announced a new lineup of seven standard satellite bus platforms. Over a decade ago, Terran Orbital pioneered the creation of CubeSat standards, and today, we are establishing new benchmarks for satellite technology for the coming decade. These standards are built upon Terran Orbital's manufacturing capabilities, featuring components and modules that can be readily swapped out to accommodate different bus sizes and configurations.

Terran Orbital Corporation (NYSELLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and six months ended June 30, 2023.

On Thursday, Terran Orbital Corporation (NYSELLAP) congratulated its customer Rivada Space Networks for receiving a waiver from regulators at the International Telecommunications Union.

PARIS AIR SHOW-- Safran Electronics & Defense and Terran Orbital (NYSELLAP) announced today that they have signed a Memorandum of Agreement to study and validate the prerequisites for production of a new generation of electric propulsion systems for satellites in the United States, based on Safran’s PPSX00 plasma thruster.

Time magazine on Wednesday named Terran Orbital (NYSELLAP) to the TIME100 Most Influential Companies list, honoring the satellite manufacturer and services provider and other firms for their "extraordinary impact around the world."

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced aerospace and defense industry veteran Tony Gingiss has joined Terran Orbital as the Company’s new Chief Operating Officer.

A satellite created with the help of Terran Orbital Corporation’s (NYSELLAP) Italian subsidiary, Tyvak International, successfully launched Monday, carrying Pope Francis’s iconic “Statis Orbis” coronavirus pandemic prayer heavenward.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced final launch preparations for the RUNNER-1 satellite. The satellite will be launched aboard the SpaceX Falcon 9 rocket as part of the Transporter-8 rideshare mission scheduled from SLC-4E at Vandenberg Space Force Base in California, USA.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced CAPSTONE’s recent successful completion of its primary mission: navigating to and within the Near Rectilinear Halo Orbit (NRHO), and performing the initial successful test of the Cislunar Autonomous Positioning System (CAPS) in coordination with the NASA Lunar Reconnaissance Orbiter (LRO). In addition, CAPSTONE imaged the Moon.

Terran Orbital Corporation (NYSELLAP), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced Co-Founder, Chairman, and Chief Executive Officer Marc Bell will present at the all-virtual Emerging Growth Conference 58 "Space Symposium" Exploring the Future of Space & Satellite.

Terran Orbital Corporation (NYSELLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced Chief Financial Officer Gary Hobart will present at the Stifel 2023 Cross Sector Insight Conference. The conference will take place at the InterContinental Boston.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced that it has entered into a definitive securities purchase agreement for the purchase and sale of 29,000,000 shares of the Company’s common stock (or common stock equivalents) and warrants to purchase 29,000,000 shares of common stock at a combined purchase price of $1.28 per share of common stock (or common stock equivalent) and accompanying warrant in a registered direct offering. The warrants will have an exercise price of $1.43 per share, will be exercisable commencing six months following issuance, and will have a term of exercise equal to five years following the initial exercise date. The closing of the offering is expected to occur on or about May 30, 2023, subject to the satisfaction of customary closing conditions.

Terran Orbital Corporation (NYSELLAP) (“Terran Orbital” or “the Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, and W. P. Carey, one of the largest U.S. net lease REITs with over 1,400 properties across the U.S. and Europe, broke ground this morning on a 94,000-square-foot, state-of-the-art satellite manufacturing facility located at 4 Goodyear in Irvine, Calif. In partnership with Terran Orbital, W. P. Carey will redevelop one of its outdated office properties into a new, Class A industrial facility, which will serve as Terran Orbital’s fifth production facility. Demolition of the existing building commenced in February 2023, and the project is expected to be completed in January 2024.