Posted on 09/30/2021 5:33:47 PM PDT by UMCRevMom@aol.com
EXPLORATION PARK, Fla. – Today, Governor DeSantis announced Terran Orbital’s decision to choose Merritt Island for the construction of its Commercial Spacecraft and Constellation Facility, bringing valuable spacecraft manufacturing opportunities and capabilities to the State of Florida by investing more than $300 million in new construction and equipment. This will be the largest satellite manufacturing facility in the world. The project is expected to create approximately 2,100 new jobs with an estimated annual average wage of $84,000 by late 2025.
“I am excited to announce that Terran Orbital will be investing $300 million in the Space Coast to build the largest satellite manufacturing facility in the world,” said Governor Ron DeSantis. “Satellite manufacturing is and will continue to be an important part of the economy in the Space Coast, and with this announcement we are upping the ante. In Florida we are going to continue to take the lead on space by investing in infrastructure, training highly skilled workers and maintaining an economic climate that allows companies like Terran Orbital to thrive. I congratulate them on a great decision to come to Florida.”
“As chair of Space Florida’s Board of Directors, I am honored to welcome Terran Orbital to Space Florida’s Launch and Landing Facility,” said Lt. Governor Jeanette Nuñez. “Florida’s commercial space industry is thriving, not only with launches but also with manufacturing opportunities. Terran Orbital will be a great addition to our state’s aerospace landscape, and I look forward to watching its growth at the Cape.”
“Space Florida congratulates Terran Orbital on its selection of our Launch and Landing Facility for a new satellite manufacturing complex,” said Space Florida President and CEO Frank DiBello. “This announcement is yet another milestone in Florida’s leadership in space commerce, offering state-of-the-art development at the spaceport. We look forward to Terran Orbital’s success in the years to come and the continued activity and growth at the LLF.”
“We are pleased to partner with Space Florida,” said Co-Founder and Chief Executive Officer of Terran Orbital Marc Bell. “Not only will we be able to expand our production capabilities to meet the growing demand for our products, but we will also bring valuable spacecraft manufacturing opportunities and capabilities to the State of Florida by investing more than $300 million in new construction and equipment and creating approximately 2,100 new jobs with an average wage of $84,000 by the end of 2025.”
“Florida continues to prove that it is the place to do business and we are proud to be at the center of transformational economic growth,” said Enterprise Florida President and CEO Jamal Sowell. “We welcome Terran Orbital and the investment they will bring to the Space Coast. This is just the beginning. We have yet to scratch the surface of all that our state will bring to the advancement on the final frontier.”
The approximately 660,000 square foot, custom designed facility will enable Terran Orbital to manufacture the entire small satellite life cycle. Located at the LLF on the east side of the runway, Terran Orbital’s campus will provide space vehicle assembly; printed circuit board assembly manufacturing; CNC machining and additive manufacturing; space vehicle module, subsystems, and electro-mechanical assembly; harness and cabling production; and qualification and acceptance testing. The three-building development will also include administrative and office space.
About Space Florida: Space Florida was created to strengthen Florida’s position as the global leader in aerospace research, investment, exploration and commerce. As Florida’s aerospace and spaceport development authority, we are committed to attracting and expanding the next generation of space industry businesses. With its highly trained workforce, proven infrastructure and unparalleled record of achievement, Florida is the ideal location for aerospace businesses to thrive – and Space Florida is the perfect partner to help them succeed. www.spaceflorida.gov
About Terran Orbital: Terran Orbital Corporation is the leading vertically integrated provider of end-to-end satellite solutions. Terran Orbital combines satellite design, production, launch planning, mission operations and in-orbit support to meet the needs of the most demanding military, civil and commercial customers. In addition, Terran Orbital is developing the world’s most advanced Earth Observation Constellation to provide vital capabilities in image responsiveness. www.terranorbital.com
There are several up and coming start up space companies happening in the US right now, following the SpaceX lead.
Rocket Lab is another one, its getting government (Space Force) contracts and is publicly traded.
If SpaceX had stock I would buy some, but its all privately financed.
But when the technology is available for reusable rockets, space projects might follow on the the heels of a madman like Elon.
Its a wait and see moment for me though. Development of infrastructure in space is probably something that will happen, and a military presence there will ensure US dominance for the future.
Go Gov., go! Run Ron, run!
Excellent news for Florida. Once again deSantis proves he is great governor.
Did some digging ..the primary mover behind this company is Marc Bell, a financier out of Boca Raton. Marc is kinda shady. He lost his ass in the .com bubble. He is the current owner of Penthouse, and was the creator of “adultfriendfinder.com”, a hook up website that went bankrupt in 2013. He’s also tried to buy Playboy on a couple of occasions. He’s fond of showing up for meetings with arm candy from his magazine. FWIW
CC
BTTT!
A subsidiary of Terran’s, Tyvak International, does business with the Europen Space Agency.
Given the mad-on Europe’s Deep States have for DeSantis, I’m surprised at this deal.
Cue the FAA and Flat-Earthers and Eco-Freaks to block this!
Good, space is not only the final frontier, it’s essential for communications and defense and so much more.
Wow!....Merritt Island is just a few miles away.....
Nice!!! Merritt Island is a cool area. Just stay away from downtown Cocoa. Ferals.
Meanwhile, Biden wants to break up the Space Force, just formed.
ELON MUSK is crazy like a fox.
Maybe he will put boob art on his rockets?
Brevard County, Florida ping.
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