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Stock impact report

Terran Orbital Reports Record 2023 Financial Results

Terran Orbital Corporation (LLAP) 
Company Research Source: Business Wire
Record 2023 revenue of $135.9 million up 44% year-over-yearRecord 2023 gross profit of $8.6 million improved $25.8 million over prior yearManufacturing 78 satellites for Lockheed Martin for Space Development Agency programsSigned over $2.7 billion in new awards in 2023 representing more than 360 satellitesIntroduced seven new standard bus designs, spanning multiple size classes of satellitesLaunched new Responsive Space Initiative to deliver standard buses in 30 days, with integrated payloads in 60 daysCommissioned new 50 Tech facility and broke ground on Goodyear expansion facility$71.7 million cash balance as of December 31, 2023 BOCA RATON, Fla.--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a leading manufacturer of satellite products primarily serving the aerospace and defense industries, today announced financial results and operational highlights for the three and twelve months ended December 31, 2023.Full Year 2023 Financial H Show less Read more
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