Satellite maker Terran Orbital sees annual revenue climb near $100 million
Publishing timestamp: 2023-03-21 15:32:02
Summary
Terran Orbital, a specialist in manufacturing small satellites, reported fourth-quarter results with annual revenue nearing $100 million as it continued to build its order backlog. The company delivered 19 satellites during the fourth quarter, including 10 under contract through the Pentagon's Space Development Agency. While the company's order backlog fell on a quarter-over-quarter basis, it has a $2.4 billion deal with Rivada that adds around 300 satellites to its backlog. The company is expanding its manufacturing facilities to be able to make up to 250 satellites per year.
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Source: https://www.cnbc.com/2023/03/21/terran-orbital-llap-q4-results.html