We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Terran Orbital (LLAP) Awarded T2TL Gamma Contract by SDA
Read MoreHide Full Article
Terran Orbital Corporation (LLAP - Free Report) recently announced that it had secured a deal to produce 10 satellites for the Tranche 2 Transport Layer (T2TL) Gamma contract for the Space Development Agency.
Per the $254 million contract, the global satellite manufacturer will likely leverage its cutting-edge Ambassador platform to manage the full lifecycle of these satellites, including their design, construction, integration, testing and delivery. The satellites will be equipped with advanced payloads aimed at strengthening future kill chain capabilities within the Proliferated Warfighter Space Architecture. This aims to create a constellation of hundreds of satellites in low-Earth orbit, providing vital capabilities such as satellite communications, data transport, missile warning and missile tracking.
The Gamma satellites will also likely share several core characteristics with other T2TL variants, including the Beta model. In addition to this milestone, Terran Orbital is also collaborating with the American aerospace and defense manufacturer Lockheed Martin to develop 36 space vehicles for the T2TL Beta and 18 for the T2 Tracking Layer. Under the Tranche 0 Transport Layer, Terran Orbital has delivered 10 buses and is in the process of manufacturing 42 buses for the Tranche 1 Transport Layer, with launches scheduled for late 2024 and 2025.
In addition to incremental revenues, these partnerships position Terran Orbital to significantly expand its global presence and enhance its capabilities in delivering innovative satellite solutions.
Shares of Terran Orbital have lost 76.9% over the past year against the industry’s growth of 48.6%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Terran Orbital currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader industry have been discussed below.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank of 1 (Strong Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers. You can see the complete list of today’s Zacks #1 Rank stocks here.
It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.
CommScope Holding Company, Inc. (COMM - Free Report) , sporting a Zacks Rank of 1, is a premier provider of infrastructure solutions, including wireless and fiber optic solutions, for the core, access and edge layers of communication networks. It has a long-term growth expectation of 24.93%.
Harmonic Inc. (HLIT - Free Report) enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. It delivered a trailing four-quarter average earnings surprise of 32.5%. It currently sports a Zacks Rank of 1.
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
Terran Orbital (LLAP) Awarded T2TL Gamma Contract by SDA
Terran Orbital Corporation (LLAP - Free Report) recently announced that it had secured a deal to produce 10 satellites for the Tranche 2 Transport Layer (T2TL) Gamma contract for the Space Development Agency.
Per the $254 million contract, the global satellite manufacturer will likely leverage its cutting-edge Ambassador platform to manage the full lifecycle of these satellites, including their design, construction, integration, testing and delivery. The satellites will be equipped with advanced payloads aimed at strengthening future kill chain capabilities within the Proliferated Warfighter Space Architecture. This aims to create a constellation of hundreds of satellites in low-Earth orbit, providing vital capabilities such as satellite communications, data transport, missile warning and missile tracking.
The Gamma satellites will also likely share several core characteristics with other T2TL variants, including the Beta model. In addition to this milestone, Terran Orbital is also collaborating with the American aerospace and defense manufacturer Lockheed Martin to develop 36 space vehicles for the T2TL Beta and 18 for the T2 Tracking Layer. Under the Tranche 0 Transport Layer, Terran Orbital has delivered 10 buses and is in the process of manufacturing 42 buses for the Tranche 1 Transport Layer, with launches scheduled for late 2024 and 2025.
In addition to incremental revenues, these partnerships position Terran Orbital to significantly expand its global presence and enhance its capabilities in delivering innovative satellite solutions.
Shares of Terran Orbital have lost 76.9% over the past year against the industry’s growth of 48.6%.
Image Source: Zacks Investment Research
Zacks Rank and Key Picks
Terran Orbital currently carries a Zacks Rank #4 (Sell).
Some better-ranked stocks in the broader industry have been discussed below.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank of 1 (Strong Buy), supplies products to a prestigious set of customers, including Fortune 500 global companies in markets such as cloud titans, enterprises, financials and specialty cloud service providers. You can see the complete list of today’s Zacks #1 Rank stocks here.
It delivered a trailing four-quarter average earnings surprise of 15.02%. In the last reported quarter, Arista delivered an earnings surprise of 8.25%.
CommScope Holding Company, Inc. (COMM - Free Report) , sporting a Zacks Rank of 1, is a premier provider of infrastructure solutions, including wireless and fiber optic solutions, for the core, access and edge layers of communication networks. It has a long-term growth expectation of 24.93%.
Harmonic Inc. (HLIT - Free Report) enables media companies and service providers to deliver ultra-high-quality broadcast and OTT video services to consumers globally. It delivered a trailing four-quarter average earnings surprise of 32.5%. It currently sports a Zacks Rank of 1.