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Terran Orbital reports Q4 EPS (23c) vs. (51c) last year
The Fly

Terran Orbital reports Q4 EPS (23c) vs. (51c) last year

Reports Q4 revenue $31.92M vs. $10.75M last year. Marc Bell, Co-Founder, Chairman & CEO, said, "We are thrilled with the continued strong execution of our team. On-time delivery is critical to our customers. We met our commitments and delivered ten satellites on schedule to Lockheed Martin for the Space Development Agency’s Transport Layer Tranche 0 in 2022. We expect to begin delivery of 42 Transport Layer Tranche 1 satellites in 2023. Leveraging this performance, we are preparing bids for Transport Layer Tranche 2 and other SDA programs including T2DES and Tracking Layer which represent nearly 300 satellites this and next year. On the commercial front, last month we were awarded a $2.4 billion contract to build the constellation of our new partner, Rivada Space Networks."

Published first on TheFly

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