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Business/Financial

Group Of Terran Shareholders Want CEO Change, Review Of Strategic Alternatives

By Cal Biesecker

Thursday, October 12th, 2023

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Group Of Terran Shareholders Want CEO Change, Review Of Strategic Alternatives

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A minority of Terran Orbital Corp. [LLAP] shareholders upset with the direction of the small satellite company and its current valuation this week wrote the company’s board seeking a new chief executive, improved corporate governance, and a review of strategic alternatives to include a sale of the business. The frustrated shareholders include the co-founders of Tyvak Nano-Satellite Systems, which was acquired a decade ago by Terran Orbital. “While we believe Tyvak’s significant competitive advantages developed over the last decade remain…

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