Terran Orbital rises on getting milestone payment in $2.4 bln contract
27/04/2023 13:06
** Shares of satellite manufacturer Terran Orbital Corp
LLAP.N up 11.7% at $1.82 premarket
** Co receives milestone payment for its 300-spacecraft,
$2.4 billion contract with Rivada Space Networks
** LLAP to design, build and deploy 288 low-earth-orbit
satellites and 12 "spare" satellites
** In March, co reported a 197% jump in Q4 revenue
** Up to Wednesday's close, stock had risen 3.2% YTD
(Reporting by Sourasis Bose in Bengaluru)
((Sourasis.bose@thomsonreuters.com))
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