MERRITT ISLAND, Fla. — Gov. Ron DeSantis announced on Monday that Terran Orbital will move its operations to the Space Coast.
The company is investing $300 million in the Space Coast, DeSantis said.
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Terran Orbital will bring the largest satellite manufacturing facility in the world to Florida.
“We know that this will have a hugely positive impact on this area,” Gov. DeSantis said. “This builds on a lot of success we’ve had on the space coast in recent years.”
Governor DeSantis is in Merritt Island to announce that Terran Orbital will invest $300 million in the Space Coast.
— Ron DeSantis (@GovRonDeSantis) September 27, 2021
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The company will also bring about 2,000 new jobs to the Space Coast, with an average salary of $84,000 by 2025.
“We will produce over a thousand satellites per year, and over a million satellite components per year,” Terran Orbital CEO Marc Bell said Monday.
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DeSantis was joined by Florida Lt. Gov. Jeanette Nuñez and Space Florida CEO Frank DiBello.
Space Florida assisted Terran Orbital in obtaining third-party capital for the construction of its 660,000 square-foot facility, use some Florida Department of Transportation Infrastructure funds to assist with some improvements at its launch and landing facility.
“We’re blessed right now with an abundance of capital,” DiBello said. “And frankly, Florida has more opportunities than it does resources to respond do it. So it’s a good time for the industry growth.”
Terran Orbital plans to launch satellites for the government and commercial customers and is even working on its own satellite constellation.
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