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Thursday, Oct 6, 2022
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Terran Orbital Completes Key Step for Centauri-5 Satellite

Terran Orbital Corp. (NYSE: LLAP), which has a major base of operations in Irvine, said it has concluded the commissioning of the main structural component for the Centauri-5 satellite.

The commissioning of the component, known as a “bus,” finished with nominal health and status checkouts, Terran said in a statement.

Tyvak International SRL, Terran Orbital’s wholly-owned international subsidiary, designed and built the Low Earth Orbit satellite for Fleet Space Technologies of Australia.

Shares in Terran Orbital, headquartered in Boca Raton, Fla., fell 4% to $4.65 apiece for a market cap of $638 million after the announcement.

Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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