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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