LLAP - Terran Orbital shares explosive growth and record-breaking achievements in 1Q

--News Direct--

Terran Orbital CEO Marc Bell joins Proactive's Natalie Stoberman to share the company's recent accomplishments from its first quarter financial results, to receiving a $37.1 million direct offering in addition to its record-breaking milestone for the Pathfinder Technology Demonstrator 3 (PTD-3) satellite.

Bell says the company experienced tremendous growth in 1Q with $28.2 million in revenue across 20 programs. The company's backlog surged to over $2.5 billion, a 1,300% increase, along with receiving an $87 million contract for 16 more satellites.

To support further expansion, Bell says the company raised $37.1 million through a registered direct offering.

And last but not least, the Terran Orbital-developed Pathfinder Technology Demonstrator 3 (PTD-3) satellite enabled a successful 200 gigabits per second space-to-ground optical link. This recent collaboration with NASA on the Pathfinder Technology Demonstrator 3.0 Terran Orbital showcased the TBIRD’s data transmission of 1.4 terabytes of test data to a single ground station in a pass that lasted less than five minutes – a record breaker at the time in terms of both speed and data transmission quantity.

Contact Details

na-editorial@proactiveinvestors.com

+1 347-449-0879

na-editorial@proactiveinvestors.com

View source version on newsdirect.com: https://newsdirect.com/news/terran-orbital-shares-explosive-growth-and-record-breaking-achievements-in-1q-910706762