Exhibit 99.1 Terran Orbital Reports First Quarter 2024 Financial Results • Expanding collaboration and commitment from Lockheed Martin, awarded a new contract for 18 space vehicles, bringing to a total of 106 space vehicles for the Space Development Agency (SDA) • Second quarter 2024 awards exceed $100 million to-date • As of March 31, 2024, backlog was $2.7 billion; and, as of today, is estimated to be over $2.8 billion, inclusive of $400 million of non-Rivada programs • Review of strategic alternatives st ...