Terran Orbital Corp
terranorbital.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2024 10-Q, filed Aug 12, 2024. Its latest SEC filing is a SCHEDULE 13G/A from Feb 13, 2025.
10-Q for Q2 FY2024, filed Aug 12, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Manufactures satellites and provides design, production, launch planning, mission operations and on-orbit support for military, civil and commercial customers.
10-K for FY2023, filed Apr 1, 2024Terran Orbital Corporation, together with its wholly-owned subsidiaries (collectively, the “Company,” “we,” “our,” “us,” and “Terran…View ↗
Mission Support: We provide the integrated design, manufacture, and assembly of satellites suitable for the specific needs of our…View ↗
Launch Support Services: We assist customers with the launch of satellites into space by identifying and securing launch opportunities with…View ↗
Operations Services: We manage, operate, and provide information from satellites that are on-orbit on behalf of our customers from our…View ↗
Who Were Their Customers?
Customers include U.S. and foreign government agencies, aerospace and defense prime contractors, and commercial space companies. Terran serves some U.S. Government programs as a subcontractor to third parties.
10-K for FY2023, filed Apr 1, 2024
10-K for FY2023, filed Apr 1, 2024
A small number of customers and contracts historically have represented a significant portion of the Company's consolidated revenue.…View ↗
How Were They Changing?
- Net income
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Sources
10-Q for Q2 FY2024, filed Aug 12, 2024
−$35.4MView ↗
- ▲ +26% (Loss)
- vs −$28.1M in Q2 FY2023
10-Q for Q2 FY2024, filed Aug 12, 2024
Open tableView ↗
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Oct 30, 2024
Lockheed Martin completed its acquisition of Terran Orbital
Common shares were converted into a right to receive $0.25 in cash per share.
Sources
8-K, filed Oct 30, 2024
each share of common stock, par value $0.0001 per share, of the Company (the “Common Stock”) then outstanding was converted into the right…View ↗
Who Did They Compete With?
Competes with Raytheon Technologies, Boeing, General Atomics, Northrop Grumman, Airbus, Maxar Technologies, Ball Aerospace, Rocket Lab, Sierra Space, MDA, Astranis Space Technologies, LeoStella, Spire Global, York Space Systems, and Space Exploration Technologies
10-K for FY2023, filed Apr 1, 2024We operate in a highly competitive industry and many of our competitors are larger and have substantially greater resources than we have.…View ↗
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