Terran Orbital Shares Rise 11% After Satellite Delivered to Florida
May 23 2022 - 11:54AM
Dow Jones News
By Chris Wack
Terran Orbital Corp. shares rose 11% to $5.74 after the company
said it delivered its Pathfinder Technology Demonstrator 3
satellite to the Cape Canaveral Space Force Station in Florida for
integration ahead of SpaceX's Transporter-5 mission.
The company said its PTD-3 is a 6-unit CubeSat built and
integrated to host and support launch and on-orbit operations of
the TeraByte InfraRed Delivery payload funded by NASA's Space
Communications and Navigation program.
The TeraByte InfraRed Delivery mission is the second mission in
the PTD series funded by the Small Spacecraft Technology program in
NASA's Space Technology Mission Directorate. The mission will
demonstrate space-to-ground data transfer capability.
Each PTD spacecraft will also be equipped with deployable solar
arrays that can provide a peak power of 120 watts while on
orbit.
The stock hit its 52-week low of $3.64 on May 17.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 23, 2022 11:39 ET (15:39 GMT)
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