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LLAP Terran Orbital Corporation

1.00
-0.01 (-0.99%)
Pre Market
Last Updated: 13:48:48
Delayed by 15 minutes
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
  -0.01 -0.99% 1.00 27,851 13:48:48

Voyager Vitality! Terran Orbital’s CAPSTONE Nanosatellite Exceeds Expectations

22/02/2024 11:30am

Business Wire


Terran Orbital (NYSE:LLAP)
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From Feb 2024 to May 2024

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Advanced Space’s CAPSTONE Mission for NASA Surpasses 450 Days Operating at the Moon

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 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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240222407471/en/

Proven Success: Terran Orbital Celebrates Exceeding 450 Days of Lunar Operations with CAPSTONE Nanosatellite. Credit: Terran Orbital

The space vehicle is forging a new lunar path in support of NASA’s Artemis program. Designed and built by Terran Orbital, the CAPSTONE satellite entered lunar orbit on November 17, 2022, marking a historic moment for small spacecraft and lunar exploration. The satellite's robust design and Terran Orbital's engineering expertise have enabled it to operate flawlessly for an enhanced NASA mission expected to last until May 2024. This achievement underscores the company's commitment to building reliable and versatile space vehicle platforms capable of exceeding expectations, even in the demanding lunar environment.

"This enhanced mission is a testament to the exceptional capabilities of our Voyager platform and the dedication of our talented team," said Marc Bell, Co-Founder, Chairman, and Chief Executive Officer at Terran Orbital. "We are incredibly proud to have partnered with Advanced Space and NASA on this groundbreaking mission and to contribute to the success of Artemis."

The CAPSTONE satellite continues to gather valuable data and pave the way for future lunar exploration missions. The space vehicle's success validates the effectiveness of Terran Orbital's innovative technologies and positions the company as a leader in building reliable and cost-effective solutions for deep space exploration. To learn more about the spacecraft platforms Terran Orbital is setting new industry standards with, click here: Terran Orbital Spacecraft Platforms.

“The CAPSTONE mission is continuing to deliver valuable data and experience that will inform future exploration missions," said Bradley Cheetham, CEO and President of Advanced Space. “We remain grateful that NASA provided us this opportunity and together with our mission partners look forward to continued operations.”

Terran Orbital remains committed to developing cutting-edge small satellite technologies that enable ambitious space exploration initiatives. The company's Voyager platform serves as a foundation for a wide range of missions, from Earth observation to deep space exploration, and continues to set the standard for reliability and performance.

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.

Media Contact Juliana Johnson Public Relations pr@terranorbital.com 949-508-6404

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