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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Terran Orbital Corporation | NYSE:LLAP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.025 | 2.48% | 1.035 | 1.05 | 0.9647 | 1.01 | 1,501,511 | 17:27:41 |
Addressing Evolving Needs for Agile, Cost-Effective Geosynchronous Communications
Highlights:
Today, Terran Orbital Corporation (NYSE: LLAP) (“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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240314572513/en/
Artist rendering of Terran Orbital’s SmallSat GEO. Credit: Terran Orbital
SmallSat GEO is intended for the communications market and can operate in geosynchronous orbit and provide higher power and performance than may have been needed in low earth orbit (LEO). The geosynchronous market is moving more towards small satellites with more and more GEO spacecraft ordered in the small size class. Terran Orbital is leveraging its investment in a 94,000 sq ft advanced manufacturing facility with automation in build and test, as well as three previous GEO missions, to expand into this market.
“Our customers require agility, affordability, and the ability to adapt their geosynchronous communication architecture,” said Marc Bell, Co-Founder, Chairman, and Chief Executive Officer at Terran Orbital. “We can bring our LEO small satellite heritage to GEO and provide the agile customization that our customers have come to expect and value.”
Key strengths of Terran Orbital's SmallSat GEO capability:
By offering this new capability, Terran Orbital further solidifies its position as a leader in cost-effective responsive space solutions. The company remains committed to developing innovative and cost-effective technologies that empower the national security community and revolutionize the future of space exploration. Click here to learn more about our spacecraft solutions.
About Terran Orbital Terran Orbital is a leading manufacturer of satellite products primarily serving the aerospace and defense industries. Terran Orbital provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and on-orbit support to meet the needs of the most demanding military, civil, and commercial customers. Learn more at www.terranorbital.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240314572513/en/
Media Contact Juliana Johnson Public Relations pr@terranorbital.com 949-508-6404
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