Terran Orbital Corporation

Terran Orbital Corporation

LLAP-WT
Terran Orbital CorporationUS flagNew York Stock Exchange
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49.98MMarket Cap
Terran Orbital Corporation
LLAP-WT
(New York Stock Exchange)

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Business
Terran Orbital Corporation is a leading manufacturer of small and modular satellite solutions primarily serving the aerospace and defense industries in the United States and allied countries. The company offers comprehensive end-to-end satellite services including satellite design, production, launch planning, mission operations, and on-orbit support tailored to military, civil, and commercial customers. Its product portfolio includes CubeSats, nanosatellites, and the Ambassador spacecraft platform, which features interchangeable components for mission-specific customization. Terran Orbital also operates its subsidiary Tyvak Nano-Satellite Systems, which supports satellite hardware and software development, assembly, integration, testing, and mission operations. Founded in 2013 and headquartered in Irvine, California, Terran Orbital operates key facilities in Florida, California, Georgia, Virginia, and Italy. In recent major developments, Lockheed Martin completed its acquisition of Terran Orbital in the fourth quarter of 2024 for approximately $450 million, marking a strategic expansion of Lockheed Martin’s advanced satellite manufacturing and responsive space capabilities. The acquisition integrates Terran Orbital’s high-throughput robotic manufacturing and modular spacecraft designs into Lockheed Martin’s portfolio, reinforcing its role in defense and aerospace. Additionally, Terran Orbital secured contracts from the U.S. Space Development Agency to produce numerous satellites for evolving LEO constellations, with ongoing launches and production set through 2026. The company also recently launched new satellite bus product lines and continues pioneering technology demonstration missions such as NASA's Pathfinder Technology Demonstrator series. Terran Orbital’s end-to-end satellite solutions emphasize scalable, cost-effective spacecraft platforms for government and commercial applications, facilitating missions in defense, Earth observation, and deep space exploration. The company leverages over a decade of engineering excellence and operational experience, positioning itself as a critical supplier for next-generation satellite constellations and enabling rapid innovation within the burgeoning satellite industry.