Terran Orbital

Terran Orbital is walking back its own midterm expectations.

It’s been a rough month for small satellite manufacturer Terran Orbital.

Tyvak International, a subsidiary of Terran Orbital, has won a $4.7 million contract from the ESA to develop a nanosatellite that will deploy from Space Rider.

Lockheed Martin has awarded Terran Orbital a contract to build 36 sat buses for the Space Development Agency’s Tranche 2 Transport Layer Beta constellation

Terran Orbital surprised investors Sept. 19 with the announcement of a new sale of company stock and warrants.

Lockheed Martin has opened a 20,000-ft.2 small satellite assembly facility at its Waterton campus in Littleton, Colorado.

The company has a $2.5 billion backlog but also fast-shrinking cash reserves.

AE Industrial Partners, a private equity investment firm in the aerospace and defense sector, has unveiled a partnership with Space Florida.

Startup Relativity Space is aiming to launch its first rocket, the 3D-printed Terran 1, on March 8 from Cape Canaveral.

Terran Orbital has won a $2.4 billion contract to build 300 small satellites for Rivada Space Networks.