Write a comment
Small-satellite maker Terran Orbital plans to build a large manufacturing plant with more than 2,000 employees near Kennedy Space Center's former space shuttle landing strip, the company and Florida officials announced Monday.
The Irvine, Calif.-based company would manufacture fleets of so-called CubeSats, or spacecraft the size of a shoebox, at the 660,000-square-foot plant, Marc Bell, Small-satellite maker Terran Orbital plans to build a large manufacturing plant with more than 2,000 employees near Kennedy Space Center's former space shuttle landing strip, the company and Florida officials announced Monday.
The Irvine, Calif.-based company would manufacture fleets of so-called CubeSats, or spacecraft the size of a shoebox, at the 660,000-square-foot plant, Marc Bell, the Terran chairman and CEO, said during a press conference at the space center.
"We design, we engineer, we manufacture and we operate satellites for a broad range of customers," Bell said.
The facility would be the world's largest satellite manufacturing plant, Gov. Ron DeSantis said during the conference.
The plant would provide a $300 million jolt to the regional economy, with average wages of $84,000 a year by 2025, DeSantis said.
Space Florida will help arrange financing for the company's expansion, but the amount will not be disclosed. Otherwise, the company will seeking grants from the state Department of Transportation to build some of the new plant's infrastructure, according to Space Florida.
Terran specializes in small satellites with remote sensors, like radar, to image activity on Earth's surface. Subsidiaries include PredaSAR and Tyvak, the latter of which has launched more than 220 small satellites for government and commercial customers.
Bell, a financier and venture capitalist from Boca Raton, Fla., founded Terran in 2013. Investors have included Lockheed Martin and Goldman Sachs, according to a 2018 disclosure.
The company will join other space companies that have build facilities near the space center in recent years, including Blue Origin, OneWeb Satellites and SpaceX.
Related Links
The latest information about the Commercial Satellite Industry
|
| Tweet |
| Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution. | ||
| SpaceDaily Monthly Supporter
$5+ Billed Monthly |  | SpaceDaily Contributor
$5 Billed Once credit card or paypal |
China launches Zhongxing-9B satellite
Xichang (XNA) Sep 13, 2021
China successfully launched a new direct broadcast satellite (DBS) from the Xichang Satellite Launch Center in southwest China's Sichuan Province Thursday. The satellite, Zhongxing-9B, was launched at 7:50 p.m. (Beijing Time) by a Long March-3B carrier rocket and entered the planned orbit successfully. The new DBS is designed to run for 15 years and will be operated by the China Satellite Communications Co., Ltd., said the China Aerospace Science and Technology Corporation. Zhongxing-9 ... read more