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Terran Orbital revenues dip 14% in first quarter

Satellite manufacturer tapped by Lockheed for SDA mission

Madeline DurrettbyMadeline Durrett
May 14, 2024
in News, Strategy and Markets
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Satellite manufacturer Terran Orbital today reported $27.2 million in revenues for the first quarter of 2024, a 13.9% decrease from the previous quarter and down 3.5% from Q1 2023. WHY IT MATTERS: Boca Raton, Fla.-based Terran Orbital (NYSE: LLAP) attributed the quarterly drop in revenues to unfavorable estimate-at-completion adjustments on its firm fixed-price contracts.   However, […]

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Tags: EarningsLockheed MartinPremiumSpace Development AgencyTerran OrbitalZack's Equity Research
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