Terran Orbital pre-announced its 2023 year-end cash balance. Terran Orbital expects to report an excess of $70M in cash and cash equivalents as of December 31, 2023, compared to cash and cash equivalents of $38.7M as of September 30, 2023, primarily resulting from the receipt of key customer payments at year-end. “We are entering 2024 with a strong financial foundation that we believe will enable us to continue to execute on our strategic and operational objectives,” said Marc Bell, Terran Orbital’s Co-Founder, Chairman, and CEO.
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