Terran Orbital (LLAP) Stock Price: Why It Increased Over 2% Today

By Amit Chowdhry ● Jun 9, 2022
  • The stock price of Terran Orbital Corp (NYSE: LLAP) increased by over 2% during intraday trading today. This is why.

The stock price of Terran Orbital Corp (NYSE: LLAP) increased by over 2% during intraday trading today. Investors are responding positively to Terran Orbital announcing bus commissioning for the CENTAURI-5 satellite has concluded with nominal health and status checkouts. And Tyvak International SRL, Terran Orbital’s wholly-owned international subsidiary, designed and built the Low Earth Orbit (LEO) satellite for Fleet Space Technologies.

CENTAURI-5 adds capacity, reduces signal delay, and provides additional network redundancy. And the 3D printed metal patch antenna satellite is traveling to an expected altitude of 330 miles where it will orbit in the existing Centauri constellation operated by Fleet Space and Terran Orbital. The upgrades from the CENTAURI-4 payload include enhancements that mitigate the effects of radiation in LEO as well as direct communication links to ground stations and an extended S-band range, allowing uplink at standard ground station frequencies.

The Centauri constellation is set to become one of the most advanced low-power satellite networks, securing global coverage for internet of things (IoT) devices by using its in-house nanosatellite technology. And satellites within the constellation will each perform a specific function. CENTAURI-5 will focus on improving data transfer and communication in the energy, utilities, and resource industries.

KEY QUOTES:

“Terran Orbital is thrilled yet another of our Transporter-5 satellites has achieved bus commissioning shortly after launch. The data and insight gained from CENTAURI-5 will improve IoT operations in ways we can only begin to imagine. The quality-of-life implications here on Earth are endless. Terran Orbital will continue to design, build, integrate, and operate cutting-edge satellite solutions for clients like Fleet Space as we usher in the New Space Industry.”

— Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell

“Fleet’s mission is to unlock the extraordinary power of global connectivity by launching constellations of low earth satellites. The applications, from aiding more sustainable approaches to finding rare earth minerals to exploring worlds beyond ours, have true benefit for the whole of our planet. This work requires the very best technical minds and partners. Terran Orbital is a leader in their field collaborating with a global team of space technology pioneers to deliver one of the most advanced networks of low-power satellite networks ever launched.”

— Fleet Space Technologies Founder Flavia Tata Nardini

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.