Terran Orbital, a satellite manufacturer, is planning a new factory in Florida.

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Terran Orbital, a satellite manufacturer, is planning a new factory in Florida.

Terran Orbital, a small-satellite manufacturer, revealed Monday that it aims to build a huge production complex with more than 2,000 employees near Kennedy Space Center’s former space shuttle landing strip.

Marc Bell, the Terran chairman and CEO, announced during a press conference at the space center that the Irvine, Calif.-based business would produce fleets of so-called CubeSats, or spacecraft the size of a shoebox, at the 660,000-square-foot plant.

Bell explained, “We design, engineer, produce, and operate satellites for a wide range of customers.”

During the press announcement, Gov. Ron DeSantis stated that the facility would be the world’s largest satellite manufacturing complex.

According to DeSantis, the facility would inject $300 million into the regional economy by 2025, with average earnings of $84,000 per year.

Space Florida will assist the company in obtaining financing for its expansion, but the amount will not be disclosed. According to Space Florida, the corporation will seek subsidies from the state Department of Transportation to install some of the new plant’s infrastructure.

Terran specializes in small satellites with remote sensors, such as radar, that can image activity on the surface of the Earth. PredaSAR and Tyvak are subsidiaries, with the latter having launched over 220 small satellites for government and commercial customers.

Terran was formed in 2013 by Bell, a Boca Raton-based financier and venture entrepreneur. According to a 2018 statement, investors have included Lockheed Martin and Goldman Sachs.

Blue Origin, OneWeb Satellites, and SpaceX are among the major space enterprises that have built facilities near the space center in recent years.

At nokiamobilephonenews.co.uk, Nokia News provides an independent, constantly updated stream of breaking news from the United States and throughout the world.

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