Satellite builder Terran Orbital now has contracts in hand to produce more than 370 satellites. Recent orders from the likes of Rivada Space Networks has pushed its contracted backlog to $2.6 billion (€2.38bn) – a 1,400 per cent increase since December 31st 2022 Terran’s Q2 numbers (to June 30th) show that revenues grew for Q2 […]

Terran Orbital has signed a Memorandum of Understanding (MoU) with rocket builder Safran to supply Terran’s electric satellite propulsion systems for Safran’s US customers. The MoU was signed at the recent Paris Air Show. The agreement covers what the pair describe is to “study and validate the prerequisites for production of a new generation of […]

Terran Orbital has hired Tony Gingiss as its COO. Gingiss has a 30-year history of work within the aerospace industry including more than two decades with Boeing Satellite. Other positions include CEO at Airbus OneWeb Satellites and finally as COO at Virgin Orbit. Gingiss was CEO at Airbus OneWeb Satellites (AOS), the joint-venture between Airbus […]

Terran Orbital has entered into a definitive sale of 29,000,000 shares of the Company’s common stock at a price of $1.28 per share. The warrants linked to the sale 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 […]

Terran orbital has broken ground on a new factory which will eventually start production of 300 satellites for Rivada Space Networks. The factory is a 94,000 sq ft site in Irvine, California (in the Goodyear Business Park). The facility will serve as Terran Orbital’s fifth production facility. Demolition of the existing building commenced in February […]

Florida-based Terran Orbital is having a tough time. Following on from its May 15th quarterly report its share price dropped by almost 18 per cent, not helped by concerns that a major client might also be suffering a cash squeeze. May 16th saw a modest recovery of 1.6 per cent in its share price. Terran […]

Terran Orbital, which recently won a 300 satellite order, worth $2.4 billion (€2.2bn) from Rivada Space Networks, says it is extending its satellite manufacturing facility at its Southern California factory. The order has an option for a second batch of 300 extra satellites. Marc Bell, CEO of Terran Orbital, said it would lease an additional […]