LLAP - Terran Orbital shares surge as Bank of America says stock could double
Terran Orbital (NYSE:LLAP) is an attractive opportunity as “the largest part of its growth story is in its infancy”, according to Bank of America analyst Ronald Epstein. In outlining the business, he noted that business is quite clearly divided between the legacy Satellite Solutions and Earth Observation Solutions businesses. The latter entity is the clear growth-driver for Epstein’s analysis as the company anticipates the launch of two satellites in the predSAR constellation in 2022 toward a goal of 96 by 2026. “We believe LLAP is well positioned to benefit from the government's increasing demand for Earth Observation imagery through its predaSAR constellation, which is able to capture imagery 24/7/365,” Epstein explained. “Although the company must first build this constellation, we believe the demand for the end product exists.” A relationship with Lockheed Martin in Satellite Solutions should afford “a long runway for growth” as well, he advised. In all, Epstein
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Terran Orbital shares surge as Bank of America says stock could double