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Terran Orbital Receives $100 Million Investment From Lockheed Martin

RECENTLY ACQUIREDOct 31, 2022

Amount Raised

$100 Million

Round Type

Venture

Boca RatonOtherManufacturingAerospace

Description

Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the United States and Allied aerospace and defense industries, announced that it has entered into a note and warrant purchase agreement pursuant to which Terran Orbital received a $100 million investment from Lockheed Martin (NYSE: LMT) in exchange for convertible notes and warrants issued by Terran Orbital.

Quick answer

Terran Orbital raised $100 Million in a funding round, dated October 31, 2022. Terran Orbital is based in Boca Raton, Florida, United States.

How much did Terran Orbital raise?
Terran Orbital raised $100 Million in a funding round on October 31, 2022.
What does Terran Orbital do?
Terran Orbital is a leading manufacturer of small satellites primarily serving the United States and Allied aerospace and defense industries.
Where is Terran Orbital based and how big is it?
Terran Orbital is based in Boca Raton, Florida, United States. Fundz records about 660 employees.
Who are the decision-makers at Terran Orbital?
Fundz holds 1 contact at Terran Orbital. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Aerospace and Manufacturing around the same time

Companies in the same sectors as Terran Orbital that raised within 45 days of this round, from Fundz verified event records.

  • Rocket Lab Corporation raised $21M (Funding Round) on December 13, 2022.
  • Quantum Space raised an undisclosed amount (Funding Round) on December 13, 2022.
  • Phantom Space Corporation raised $22M (Seed) on December 7, 2022.
  • Loft Dynamics raised $20M (Funding Round) on December 5, 2022.
  • Lilium GmbH raised $119M (Funding Round) on November 23, 2022.
  • North American Wave Engine Corp raised $3.5M (Seed) on November 18, 2022.

Who to call at Terran Orbital, and when

A new round usually means Terran Orbital is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Terran Orbital

Location

6800 Broken Sound Parkway NW, Suite 200

Boca Raton, Florida, United States

About

Terran Orbital is a leading manufacturer of small satellites primarily serving the United States and Allied aerospace and defense industries. Terran Orbital provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of the most demanding military, civil, and commercial customers.

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Terran Orbital raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.