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BOCA RATON, Fla. – Terran Orbital Corporation (NYSE:LLAP), a specialist manufacturer of satellite solutions, announced Monday that it has been awarded a $15.2 million contract to supply a satellite platform to the Air Force Research Laboratory (AFRL). These platforms will support U.S. Space Force missions and are expected to be delivered in the fourth quarter of 2024.
Under a contract managed by Axient Corporation, Terran Orbital will provide an Ambassador-class satellite platform, including solar arrays and support equipment. These platforms feature integrated payloads for specific missions and are based on the company's commercially available off-the-shelf Ambassador platform. This platform is also used in the Space Development Agency's Tranche 1 transport layer satellite. lockheed martin (New York Stock Exchange:).
Mark Bell, co-founder, chairman and CEO of Terran Orbital, highlighted the company's commitment to “responsive space” capabilities, with the spacecraft expected to roll off the production line within 12 months. said.
This rapid delivery is part of Terran Orbital's strategy to deliver standard satellite platforms within 30 days and complete satellite systems with payload within 60 days by the end of 2024. The company aims to achieve this through robotic assembly, modular architecture, and comprehensive vertical integration.
Terran Orbital primarily serves the aerospace and defense industries, providing end-to-end satellite solutions including design, manufacturing, launch planning, mission operations, and on-orbit support. The company serves a wide range of military, civil and commercial customers with demanding requirements.
This news is based on a press release statement from Terran Orbital.
Investment Pro Insights
Considering Terran Orbital Corporation's recent contract wins, a glance at the company's financial health and share price performance provides further context for investors.according to investment professional According to our data, Terran Orbital has a market capitalization of $229.46 Million. Despite the positive news, the company is operating with a large amount of debt, which is a cause for concern as it may have difficulty paying interest on its debt. This is especially important as the company is rapidly burning through cash, reporting trailing-twelve-month operating profit of -US$136.75 million as of Q1 2023.
However, it's not all difficult news for satellite solutions providers. Terran Orbital has achieved a remarkable sales growth of 86.47% over the past 12 months as of Q1 2023. Moreover, the company's stock made significant gains last week, with a total stock return of 14.56% and an even more impressive 57.9. Last month's return %. These numbers suggest investor optimism, likely fueled by recent contract wins and expected sales growth this year.
Investors believe the company's stock price movement is very volatile, which could indicate high risk, while growth potential is high as analysts expect sales to increase. It should be noted that there is. For those who want to know more about Terran Orbital's financials and stock price performance, investment professional Platform provides additional functionality investment professional chipincludes 16 more tips to help you make investment decisions. For a more comprehensive analysis, readers can use coupon codes. pro news 24 Get an extra 10% off annual or biennial Pro and Pro+ subscriptions.
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