TC

Terran Orbital Corporation

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Company Research Report: Terran Orbital



Company Overview



  • Name: Terran Orbital, a Lockheed Martin Company

  • Mission: Leading the way in the revolution of space by providing end-to-end satellite solutions to serve the aerospace and defense industries, catering to military, civil, and commercial customers.

  • Founded By: No specific founding details within data provided.

  • Key People:

  • Not explicitly mentioned.

  • Mention of Robert Lightfoot, President, Lockheed Martin Space, in relation to the acquisition.

  • Headquarters: The company maintains locations in Boca Raton and Melbourne, Florida; Irvine and Santa Maria, California; Atlanta, Georgia; Tysons Corner, Virginia; and Torino, Italy.

  • Number of Employees: No specific data provided.

  • Revenue: No specific data provided.

  • Famous For: Being a leading manufacturer of satellite products, known for innovative modular spacecraft design primarily for the aerospace and defense industries.


Products



Terran Orbital offers a comprehensive lineup of customizable spacecraft platforms with flexible architectures, described below:

High-Level Description and Key Features



1. SmallSat GEO™:
  • Developed for commercial communications.

  • Smaller and cost-effective with a faster lead time.


2. Triumph:
  • Smallest platform for technology demonstrator missions.

  • Aims to minimize launch costs.


3. Renegade:
  • A 12U spacecraft with the best bus-to-payload mass ratio.

  • Suitable for high-capability instruments with a 19cm optical imager.


4. Voyager:
  • 16U platform for deep-space missions.

  • Cost-effective solution for experiments beyond Low Earth Orbit (LEO).


5. Excelsior:
  • Entry-level microsatellite for two spacecraft missions from a single 15-inch ESPA or similar interface.


6. Nebula:
  • Allows for the largest payload on a standard 15” ESPA port.

  • Suitable for commercial satellite constellations and defense applications.


7. Ambassador:
  • Offers increased deck area, accommodating large payloads with a spacecraft mass up to 500kg.

  • Supports the ESPA-Grande or similar interface.


8. Enterprise:
  • Designed for large constellations, can carry up to 24 satellites per launch.

  • Suitable for communications missions and large-area RF antenna systems.


Recent Developments



New Products and Features



  • Tranche 2 Transport Layer (T2TL) Gamma Contract:

  • Terran Orbital has been awarded a $254 million prototype agreement by the Space Development Agency to produce 10 satellites.

  • These satellites will enhance future kill chain capabilities through the Proliferated Warfighter Space Architecture.


New Partnerships and Facilities



  • Lockheed Martin Acquisition:

  • Lockheed Martin completed acquisition of Terran Orbital, enhancing strategic partnerships in space capabilities.

  • This acquisition will merge Terran Orbital's satellite design and production capacities with Lockheed Martin’s system integration and payload expertise.


  • New Assembly Facility:

  • Terran Orbital inaugurated a 94,000 square foot space vehicle assembly facility in Irvine, CA, to enhance manufacturing capabilities.


Recognitions and Achievements



  • Awards and Launches:

  • Recognized as the 2024 "Best Business of the Year" by the Greater Irvine Chamber.

  • Successful launch of Iperdrone.0 developed for the Italian Space Agency.


  • Infrastructure Expansion:

  • Expansion announcements, including joining the $6B Rapid IV IDIQ contract vehicle, enhancing opportunities for space vehicle development.


Strategic Movements



  • Partnership with Hanwha Systems:

  • Terran Orbital signed a Memorandum of Understanding with Hanwha Systems to explore collaborations and further enhance space capabilities.




This report is limited to the information available from the provided data, and no additional external commentary or speculation has been included.