LLAP Overview

Successful Delivery of Satellite Platforms: Terran Orbital Corporation has successfully delivered all 42 satellite bus platforms for the Space Development Agency's Proliferated Warfighter Space Architecture Tranche 1 program, aimed at creating a secure communications network in low Earth orbit.

Collaboration and Future Launches: The achievement marks a significant milestone in collaboration with Lockheed Martin, with the first launch of the satellite constellations having occurred on September 10, and additional launches planned to continue until the full constellation is operational by 2026.

New Appointment at Stifel Financial Corp: Jonathan Siegmann has been appointed as Managing Director of Equity Research at Stifel Financial Corp., focusing on the aerospace and defense industry, and will be based in Boston.

Siegmann's Background: He previously held a senior position at Terran Orbital Corporation and has extensive experience from nearly 15 years at Fidelity Investments, where he managed the Select Defense & Aerospace fund.

Class Action Notice: Shareholders of Terran Orbital Corporation (NYSE: LLAP) who purchased shares between August 15, 2023, and August 14, 2024, are encouraged to contact the Gross Law Firm regarding potential lead plaintiff appointments in a class action lawsuit alleging misleading statements about the company's financial situation.

Allegations and Deadlines: The lawsuit claims that Terran Orbital misrepresented its ability to convert contracts into revenue and concealed its liquidity issues, with a deadline for shareholders to register as lead plaintiffs set for November 26, 2024.

Class Action Lawsuit: Levi & Korsinsky, LLP has initiated a class action lawsuit on behalf of investors in Terran Orbital Corporation, alleging securities fraud that occurred between August 15, 2023, and August 14, 2024, which misrepresented the company's financial situation and revenue generation capabilities.

Investor Participation: Affected investors have until November 26, 2024, to request lead plaintiff status, with no costs required to participate in the lawsuit or potential compensation.

Class Action Lawsuit Filed: A class action lawsuit has been initiated against Terran Orbital Corporation and certain officers for allegedly making false statements regarding the company's financial health and operations, impacting shareholders who acquired securities between August 15, 2023, and August 14, 2024.

Financial Struggles Revealed: The lawsuit follows revelations of severe liquidity issues faced by Terran, including a significant drop in backlog and cash reserves, leading to a drastic decline in stock value and a low acquisition offer from Lockheed Martin.

Class Action Lawsuit Deadline: Investors who purchased securities of Terran Orbital Corporation between August 15, 2023, and August 14, 2024, have until November 26, 2024, to join a class action lawsuit due to alleged false statements made by the company regarding its financial situation.

Legal Representation Information: The Rosen Law Firm encourages affected investors to contact them for information on joining the lawsuit or to potentially serve as lead plaintiffs, emphasizing their experience and success in handling similar cases.