:

Business/Financial

Terran Orbital Grows Revenue 44% in 2023, Regains Listing Compliance

By Rachel Jewett

Wednesday, April 3rd, 2024

SHARE:

Terran Orbital Grows Revenue 44% in 2023, Regains Listing Compliance

Marc Bell, chairman and CEO, Terran Orbital. Photo: Terran Orbital

Terran Orbital [LLAP] grew revenue in 2023 by 44% compared to 2022, but the company posted a net loss larger than its revenue. Terran Orbital issued its full year results on Monday as it is going through a “strategic review” after receiving a takeover offer from Lockheed Martin [LMT]. Separately, the company regained compliance with the minimum stock price for the New York Stock Exchange. The company’s stock has been trading at over $1 since late February. Terran Orbital reported $135.9 million in…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said. Jesse Tolleson, […]

Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]