Terran Orbital (LLAP) S-1/A 1 Jun 22 IPO registration (amended) Financial data

Cover Page

Cover Page	3 Months Ended
	Mar. 31, 2022
Cover [Abstract]
Document Type	S-1/A
Entity Registrant Name	TERRAN ORBITAL CORPORATION
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Central Index Key	0001835512
Amendment Flag	true
Amendment Description	Amendment No. 1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 76,654,000	$ 27,325,000	$ 12,336,000
Accounts receivable, net of allowance for credit losses of $883 and $945 as of March 31, 2022 and December 31, 2021, respectively	18,626,000	3,723,000	2,526,000
Contract assets	3,609,000	2,757,000	1,859,000
Inventory	9,191,000	7,783,000	2,819,000
Prepaid expenses and other current assets	6,258,000	57,639,000	5,216,000
Total Current Assets	114,338,000	99,227,000	24,756,000
Property, plant and equipment, net	38,334,000	35,530,000	19,521,000
Other assets	17,316,000	639,000	0
Total assets	169,988,000	135,396,000	44,277,000
Current liabilities
Current portion of long-term debt	7,515,000	14,000	1,403,000
Accounts payable	10,833,000	9,366,000	2,904,000
Contract liabilities	24,204,000	17,558,000	18,069,000
Reserve for anticipated losses on contracts	965,000	886,000	2,220,000
Accrued expenses and other current liabilities	13,082,000	76,136,000	2,631,000
Total Current Liabilities	56,599,000	103,960,000	27,227,000
Deferred underwriting fee payable		12,075,000
Long-term debt	94,929,000	115,134,000	35,629,000
Warrant liabilities	35,616,000	5,631,000	0
Other liabilities	16,995,000	2,028,000	512,000
Total Liabilities	204,139,000	226,753,000	63,368,000
Commitments and contingencies
Mezzanine equity:
Redeemable convertible preferred stock - authorized zero and 20,526,878 shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of March 31, 2022 and December 31, 2021, respectively	0	0
Shareholders' deficit:
Preferred stock - authorized 50,000,000 and zero shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; zero issued and outstanding	0	0
Common stock	14,000	8,000
Additional paid-in capital	234,384,000	97,737,000	7,454,000
Accumulated deficit	(268,560,000)	(197,066,000)	(58,084,000)
Accumulated other comprehensive income (loss)	11,000	(36,000)	(204,000)
Non-controlling interest		0	23,743,000
Total shareholders' deficit	(34,151,000)	(99,357,000)	(27,091,000)
Total liabilities, mezzanine equity and shareholders' deficit	169,988,000	135,396,000	44,277,000
TAILWIND TWO ACQUISITION CORP.
Current assets
Cash and cash equivalents		1,552,520
Prepaid expenses and other current assets		467,371
Total Current Assets		2,019,891
Deferred offering costs			197,790
Investments held in Trust Account		345,089,823
Total assets		347,109,714	197,790
Current liabilities
Accounts payable and accrued expenses		2,140,014	6,093
Accrued offering costs		12,000	120,540
Advances from related party		5,360
Promissory note - related party			52,250
Total Current Liabilities		2,157,374	178,883
Warrant liabilities		16,405,000
Deferred underwriting fee payable		12,075,000
Total Liabilities		30,637,374	178,883
Commitments and contingencies
Mezzanine equity:
Redeemable convertible preferred stock - authorized zero and 20,526,878 shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of March 31, 2022 and December 31, 2021, respectively		0	0
Shareholders' deficit:
Preferred stock - authorized 50,000,000 and zero shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; zero issued and outstanding		0	0
Additional paid-in capital			24,137
Accumulated deficit		(28,528,523)	(6,093)
Total Shareholders' (Deficit) Equity		(28,527,660)	18,907
Total liabilities, mezzanine equity and shareholders' deficit		347,109,714	197,790
Class A Ordinary shares subject to possible redemption | TAILWIND TWO ACQUISITION CORP.
Current liabilities
Class A ordinary shares subject to possible redemption, $0.0001 par value, 34,500,000 and no shares issued and outstanding at $10.00 per share redemption value as of December 31, 2021 and 2020, respectively		345,000,000
Common Class B [Member] | TAILWIND TWO ACQUISITION CORP.
Shareholders' deficit:
Common stock		863	863
Redeemable convertible preferred stock [Member]
Mezzanine equity:
Redeemable convertible preferred stock - authorized zero and 20,526,878 shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; issued and outstanding shares of zero and 10,947,686 as of March 31, 2022 and December 31, 2021, respectively	0	8,000,000	8,000,000
Shareholders' deficit:
Preferred stock - authorized 50,000,000 and zero shares of $0.0001 par value as of March 31, 2022 and December 31, 2021, respectively; zero issued and outstanding	$ 0	$ 8,000,000	$ 8,000,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable, allowance for credit lossed	$ 883	$ 945	$ 635
Preferred stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	50,000,000	0
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par or stated value per share	$ 0.0001	$ 0.0001	$ 0.0001
Common stock, shares authorized	300,000,000	151,717,882	5,000,000
Common shares, shares issued	137,295,455	78,601,283	2,439,634
Common shares, shares outstanding	137,295,455	78,601,283	2,439,634
Shares Issued, Price Per Share		$ 10
Tailwind Two Acquisition Corp [Member]
Preferred stock, par or stated value per share		$ 0.0001	$ 0.0001
Preferred stock, shares authorized		1,000,000	1,000,000
Preferred stock, shares issued		0	0
Preferred stock, shares outstanding		0	0
Common Class A [Member] | Tailwind Two Acquisition Corp [Member]
Common stock, par or stated value per share		$ 0.0001	$ 0.0001
Common stock, shares authorized		500,000,000	500,000,000
Common shares, shares issued		0	0
Common shares, shares outstanding		0	0
Class A Ordinary shares subject to possible redemption | Tailwind Two Acquisition Corp [Member]
Common shares, shares issued		34,500,000
Common shares, shares outstanding		34,500,000
Redeemable convertible preferred stock, par value		$ 0.0001	$ 0.0001
Redeemable convertible preferred stock, shares issued		34,500,000	0
Redeemable convertible preferred stock, shares outstanding		34,500,000	0
Shares Issued, Price Per Share		$ 10	$ 10
Common Class B [Member] | Tailwind Two Acquisition Corp [Member]
Common stock, par or stated value per share		$ 0.0001	$ 0.0001
Common stock, shares authorized		50,000,000	50,000,000
Common shares, shares issued		8,625,000	8,625,000
Common shares, shares outstanding		8,625,000	8,625,000
Redeemable convertible preferred stock [Member]
Preferred stock, par or stated value per share		$ 0.0001	$ 0.0001
Preferred stock, shares authorized		744,130	744,130
Preferred stock, shares issued		396,870	396,870
Preferred stock, shares outstanding		396,870	396,870
Redeemable convertible preferred stock, shares authorized	0	20,526,878
Redeemable convertible preferred stock, par value	$ 0.0001	$ 0.0001
Redeemable convertible preferred stock, shares issued	0	10,947,686
Redeemable convertible preferred stock, shares outstanding	0	10,947,686

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2020	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Other income (expense):
Change in fair value of warrant liabilities		$ (11,853,000)	$ 34,000	$ 1,716,000	$ 0
Net loss		(71,372,000)	(77,496,000)	(138,982,000)	(10,455,000)
Revenue		13,120,000	10,494,000	40,906,000	24,879,000
Cost of sales		15,953,000	9,734,000	33,912,000	16,860,000
Gross profit		(2,833,000)	760,000	6,994,000	8,019,000
Selling, general, and administrative expenses		30,217,000	6,673,000	43,703,000	17,438,000
Loss from operations		(33,050,000)	(5,913,000)	(36,709,000)	(9,419,000)
Interest expense, net		2,923,000	907,000	7,965,000	1,216,000
Loss on extinguishment of debt		23,141,000	70,667,000	96,024,000	0
Change in fair value of warrant and derivative liabilities		11,853,000	(34,000)	(1,716,000)	0
Other (income) expense		403,000	15,000	(38,000)	4,000
Loss before income taxes		(71,370,000)	(77,468,000)	(138,944,000)	(10,639,000)
Provision for income taxes		2,000	28,000	38,000	(184,000)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		47,000	(58,000)	168,000	(194,000)
Total comprehensive loss		$ (71,325,000)	$ (77,554,000)	$ (138,814,000)	$ (10,649,000)
Weighted-average shares outstanding - basic and diluted		83,643,940	71,431,259	2,780,993	2,403,755
Net loss per share - basic and diluted		$ (0.85)	$ (1.08)	$ (49.98)	$ (4.35)
Tailwind Two Acquisition Corp [Member]
General and administrative expenses	$ 6,093			$ 4,400,069
Other income (expense):
Change in fair value of warrant liabilities	0			2,509,000
Transaction costs allocable to warrants	0			(649,349)
Interest earned on investments held in Trust Account	0			89,823
Total other income, net				1,949,474
Net loss	(6,093)			(2,450,595)
Loss from operations	$ (6,093)			$ (4,400,069)
Common Class A [Member] | Tailwind Two Acquisition Corp [Member]
Other income (expense):
Basic weighted average shares outstanding				28,167,123
Basic net loss per share				$ (0.07)
Common Class B [Member] | Tailwind Two Acquisition Corp [Member]
Other income (expense):
Basic weighted average shares outstanding	7,500,000			8,418,493
Basic net loss per share	$ 0			$ (0.07)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Shareholders' Deficit (Unaudited) - USD ($)	Total	Scenario Previously Reported Member	Adjusted Balance [Member]	Tailwind Two Acquisition Corp [Member]	Redeemable Convertible Preferred Stock	Redeemable Convertible Preferred StockRevision Of Prior Period Reclassification Adjustment Member	Redeemable Convertible Preferred StockScenario Previously Reported Member	Redeemable Convertible Preferred StockAdjusted Balance [Member]	Common Stock [Member]	Common Stock [Member]Revision Of Prior Period Reclassification Adjustment Member	Common Stock [Member]Scenario Previously Reported Member	Common Stock [Member]Adjusted Balance [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]Revision Of Prior Period Reclassification Adjustment Member	Additional Paid-in Capital [Member]Scenario Previously Reported Member	Additional Paid-in Capital [Member]Adjusted Balance [Member]	Additional Paid-in Capital [Member]Tailwind Two Acquisition Corp [Member]	Retained Earnings [Member]	Retained Earnings [Member]Scenario Previously Reported Member	Retained Earnings [Member]Adjusted Balance [Member]	Retained Earnings [Member]Tailwind Two Acquisition Corp [Member]	Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive LossScenario Previously Reported Member	Accumulated Other Comprehensive LossAdjusted Balance [Member]	Non-controlling Interest	Non-controlling InterestScenario Previously Reported Member	Non-controlling InterestAdjusted Balance [Member]	Common Class A [Member]Common Stock [Member]Tailwind Two Acquisition Corp [Member]	Common Class B [Member]Common Stock [Member]Tailwind Two Acquisition Corp [Member]
Balance at the beginning (in shares) at Dec. 31, 2019					396,870				2,407,946
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ (10,455,000)																	$ (10,455,000)
Other comprehensive loss, net of tax	(194,000)																					$ (194,000)
Contributions from non-controlling interest, net of issuance costs	14,475,000																								$ 14,475,000
Share-based compensation	1,230,000												$ 1,230,000
Share-based compensation (in share)									(6,250)
Exercise of stock options (in shares)									37,938
Exercise of stock options	113,000												113,000
Balance at the end at Dec. 31, 2020				$ 18,907													$ 24,137				$ (6,093)								$ 863
Balance at the end (in shares) at Dec. 31, 2020					396,870				2,439,634																				8,625,000
Balance at the beginning at Dec. 31, 2019	(32,260,000)				$ 8,000,000				$ 0				6,111,000					(47,629,000)				(10,000)			9,268,000
Ending balance at Dec. 31, 2020							$ 8,000,000	$ 8,000,000
Ending balance, Shares at Dec. 31, 2020						10,550,816	396,870	10,947,686
Balance at the end at Dec. 31, 2020	(27,091,000)	$ (27,091,000)	$ (27,091,000)		$ 8,000,000					$ 7,000	$ 0	$ 7,000	7,454,000	$ (7,000)	$ 7,454,000	$ 7,447,000		(58,084,000)	$ (58,084,000)	$ (58,084,000)		(204,000)	$ (204,000)	$ (204,000)	23,743,000	$ 23,743,000	$ 23,743,000
Ending balance (Shares) at Dec. 31, 2020										64,857,839	2,439,634	67,297,473
Balance at the beginning at Nov. 17, 2020				0													0				0							$ 0	$ 0
Balance at the beginning (in shares) at Nov. 17, 2020																												0	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class B ordinary shares to Sponsor				25,000													24,137												$ 863
Issuance of Class B common stock to Sponsors (in shares)																													8,625,000
Net loss				(6,093)																	(6,093)
Balance at the end at Dec. 31, 2020				18,907													24,137				(6,093)								$ 863
Balance at the end (in shares) at Dec. 31, 2020					396,870				2,439,634																				8,625,000
Ending balance at Dec. 31, 2020							$ 8,000,000	$ 8,000,000
Ending balance, Shares at Dec. 31, 2020						10,550,816	396,870	10,947,686
Balance at the end at Dec. 31, 2020	(27,091,000)	(27,091,000)	(27,091,000)		$ 8,000,000					$ 7,000	$ 0	$ 7,000	7,454,000	(7,000)	7,454,000	7,447,000		(58,084,000)	(58,084,000)	(58,084,000)		(204,000)	(204,000)	(204,000)	23,743,000	23,743,000	23,743,000
Ending balance (Shares) at Dec. 31, 2020										64,857,839	2,439,634	67,297,473
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(77,496,000)																	(77,496,000)
Other comprehensive loss, net of tax	110,000																					110,000
Share-based compensation	168,000												168,000
Exercise of stock options (in shares)									164,352
Exercise of stock options	19,000												19,000
Issuance of warrants, net of issuance costs	66,060,000												66,060,000
Issuance of common stock in exchange for non-controlling interest, net of issuance costs, Shares									10,704,772
Issuance of common stock in exchange for non-controlling interest, net of issuance costs	(432,000)								$ 1,000				23,310,000												(23,743,000)
Ending balance at Mar. 31, 2021					$ 8,000,000
Ending balance, Shares at Mar. 31, 2021					10,947,686
Balance at the end at Mar. 31, 2021	$ (38,662,000)								$ 8,000				97,004,000					(135,580,000)				(94,000)			0
Ending balance (Shares) at Mar. 31, 2021									78,166,597
Balance at the beginning at Dec. 31, 2020				18,907													24,137				(6,093)								$ 863
Balance at the beginning (in shares) at Dec. 31, 2020					396,870				2,439,634																				8,625,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class B common stock to Sponsors (in shares)	5,080,409
Issuance of warrants, net of issuance costs				4,056,000													4,056,000
Accretion to Class A Ordinary Shares subject to possible redemption				(30,151,972)													$ (4,080,137)				(26,071,835)
Net loss	$ (138,982,000)			(2,450,595)														(138,982,000)			(2,450,595)
Other comprehensive loss, net of tax	168,000																					168,000
Contributions from non-controlling interest, net of issuance costs	0
Share-based compensation	$ 678,000												678,000
Exercise of stock options (in shares)	21,716								21,716
Exercise of stock options	$ 242,000												242,000
Issuance of common stock in exchange for non-controlling interest, net of issuance costs	(432,000)												23,311,000												(23,743,000)
Issuance of common stock in exchange for non-controlling interest, net of issuance costs (in share)									388,064
Issuance of warrants, net of issuance costs	66,060,000												66,060,000
Balance at the end at Dec. 31, 2021				$ (28,527,660)					$ 0												$ (28,528,523)								$ 863
Balance at the end (in shares) at Dec. 31, 2021					396,870				2,849,414																				8,625,000
Beginning balance, Shares at Dec. 31, 2020						10,550,816	396,870	10,947,686
Beginning balance at Dec. 31, 2020							$ 8,000,000	$ 8,000,000
Beginning Balance (Shares) at Dec. 31, 2020										64,857,839	2,439,634	67,297,473
Balance at the beginning at Dec. 31, 2020	(27,091,000)	$ (27,091,000)	(27,091,000)		$ 8,000,000					$ 7,000	$ 0	$ 7,000	7,454,000	(7,000)	7,454,000	7,447,000		(58,084,000)	(58,084,000)	(58,084,000)		(204,000)	(204,000)	(204,000)	23,743,000	23,743,000	23,743,000
Ending balance at Dec. 31, 2021							$ 8,000,000	$ 8,000,000
Ending balance, Shares at Dec. 31, 2021						10,550,816	396,870	10,947,686
Balance at the end at Dec. 31, 2021	(99,357,000)		$ (99,357,000)		8,000,000		$ (99,357,000)			$ 8,000	$ 0	$ 8,000	97,737,000	$ (8,000)	$ 97,745,000	$ 97,737,000		(197,066,000)	$ (197,066,000)	$ (197,066,000)		(36,000)	$ (36,000)	$ (36,000)	0	$ 0	$ 0
Balance at the end (Accounting Standards Update 2016-13 [Member]) at Dec. 31, 2021	(122,000)																	(122,000)
Ending balance (Shares) at Dec. 31, 2021										75,751,869	2,849,414	78,601,283
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(71,372,000)																	(71,372,000)
Other comprehensive loss, net of tax	47,000																					47,000
Share-based compensation	17,335,000												17,335,000
Exercise of stock options (in shares)									172,651
Exercise of stock options	146,000												146,000
Ending balance at Mar. 31, 2022					$ 0
Ending balance, Shares at Mar. 31, 2022					0
Balance at the end at Mar. 31, 2022	(34,151,000)								$ 14,000				234,384,000					$ (268,560,000)				$ 11,000			$ 0
Ending balance (Shares) at Mar. 31, 2022									137,295,455
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Conversion of redeemable convertible preferred stock into common stock, Shares									10,947,686
Conversion of redeemable convertible preferred stock into common stock	8,000,000								$ 1,000				7,999,000
Conversion of redeemable convertible preferred stock into common stock, Shares					(10,947,686)
Conversion of redeemable convertible preferred stock into common stock					$ (8,000,000)
Net settlement of liability-classified warrants into common stock, Shares									694,873
Net settlement of liability-classified warrants into common stock	7,616,000												7,616,000
Net settlement of equity-classified warrants into common stock, Shares									22,343,698
Net settlement of equity-classified warrants into common stock	0								$ 2,000				(2,000)
Issuance of common stock in connection with the Tailwind Two Merger and PIPE Investment, net of issuance costs, Shares									16,114,695
Issuance of common stock in connection with the Tailwind Two Merger and PIPE Investment, net of issuance costs	6,928,000								$ 2,000				6,926,000
Issuance of common stock in connection with financing transactions, net of issuance costs, Shares									4,325,000
Issuance of common stock in connection with financing transactions, net of issuance costs	40,734,000								$ 1,000				40,733,000
Reclassification Of Liability Classified Warrants And Derivatives To Equity Classified	11,007,000												11,007,000
Issuance of contingently issuable common stock, Shares									4,095,569
Issuance of contingently issuable common stock	$ 44,887,000												$ 44,887,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	1 Months Ended	3 Months Ended		12 Months Ended
	Dec. 31, 2020	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss		$ (71,372,000)	$ (77,496,000)	$ (138,982,000)	$ (10,455,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of warrant liabilities		11,853,000	(34,000)	(1,716,000)	0
Depreciation and amortization		846,000	671,000	3,053,000	2,934,000
Non-cash interest expense		1,215,000	889,000	7,908,000	1,286,000
Share-based compensation expense		17,335,000	168,000	678,000	1,194,000
Provision for losses on receivables and inventory		169,000	444,000	877,000	1,690,000
Loss on extinguishment of debt		23,141,000	70,667,000	96,024,000	0
Amortization of operating right-of-use assets		305,000
Other non-cash, net				(567,000)	(13,000)
Changes in operating assets and liabilities:
Accounts receivable, net		(15,002,000)	(226,000)	(1,687,000)	(1,980,000)
Contract assets		(928,000)	(785,000)	(901,000)	(195,000)
Inventory		(1,550,000)	998,000	(5,393,000)	(3,188,000)
Prepaid expenses and other current assets		(1,384,000)	216,000	596,000	(4,058,000)
Accounts payable		2,134,000	2,202,000	2,161,000	(438,000)
Contract liabilities		6,708,000	728,000	(229,000)	6,591,000
Reserve for anticipated losses on contracts		79,000	(52,000)	(1,322,000)	(4,796,000)
Accrued expenses and other current liabilities		4,032,000	1,047,000	4,634,000	(123,000)
Accrued interest		(4,803,000)
Other, net		(2,078,000)	15,000	(21,000)	77,000
Net cash used in operating activities		(29,300,000)	(548,000)	(34,887,000)	(11,474,000)
Cash flows from investing activities:
Purchases of property, plant and equipment		(4,030,000)	(2,422,000)	(16,352,000)	(7,325,000)
Net cash used in investing activities		(4,030,000)	(2,422,000)	(16,352,000)	(7,325,000)
Cash flows from financing activities:
Proceeds from long-term debt		35,942,000	47,481,000	58,241,000	2,537,000
Proceeds from warrants and derivatives		42,247,000	2,519,000	16,759,000	0
Proceeds from Tailwind Two Merger and PIPE Investment		58,424,000
Proceeds from issuance of common stock		14,791,000		50,800,000
Repayment of long-term debt		(27,171,000)	(4,000)	(10,000)	(15,000)
Payment of issuance costs		(41,681,000)	(5,667,000)	(8,880,000)	(2,009,000)
Contributions from non-controlling interest, net of issuance costs				0	14,475,000
Proceeds from exercise of stock options		135,000	19,000	242,000	113,000
Net cash provided by financing activities		82,687,000	44,348,000	66,352,000	15,101,000
Effect of exchange rate fluctuations on cash and cash equivalents		(28,000)	(66,000)	(124,000)	138,000
Net increase (decrease) in cash and cash equivalents		49,329,000	41,312,000	14,989,000	(3,560,000)
Cash and cash equivalents at beginning of period		27,325,000	12,336,000	12,336,000	15,896,000
Cash and cash equivalents at end of period	$ 12,336,000	76,654,000	53,648,000	27,325,000	12,336,000
Supplemental disclosure of cash flow information:
Share-based compensation included in inventory				0	36,000
Non-cash investing and financing activities:
Purchases of property, plant and equipment not yet paid		211,000	111,000	845,000	125,000
Non-cash interest capitalized to property, plant and equipment		555,000	121,000	1,265,000	119,000
Depreciation and amortization capitalized to construction in process		77,000		479,000	0
Issuance costs not yet paid		5,983,000	2,361,000	4,141,000	0
Non-cash exchange and extinguishment of long-term debt		40,432,000	36,859,000	125,857,000	0
Issuance of common stock in exchange for non-controlling interest		0	23,743,000	23,743,000	0
Conversion of redeemable convertible preferred stock into common stock		8,000,000
Net settlement of liability-classified warrants into common stock		7,616,000
Net settlement of equity-classified warrants into common stock		(2,000)
Non-cash issuance of common stock in connection with PIPE Investment		10,060,000
Non-cash issuance of common stock in connection with financing transactions			26,304,000
Reclassification of liability-classified warrants and derivatives to equity-classified		11,007,000
Issuance of contingently issuable common stock		44,887,000
Parent Company [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Loss on extinguishment of debt				96,024,000	0
Tailwind Two Acquisition Corp [Member]
Cash flows from operating activities:
Net loss	(6,093)			(2,450,595)
Adjustments to reconcile net loss to net cash used in operating activities:
Interest earned on investments held in Trust Account	0			(89,823)
Change in fair value of warrant liabilities	0			(2,509,000)
Transaction cost allocable to warrants	0			649,349
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	6,093			2,133,921
Prepaid expenses and other current assets	0			(467,371)
Net cash used in operating activities	0			(2,733,519)
Cash flows from investing activities:
Investment of cash in Trust Account	0			(345,000,000)
Net cash used in investing activities	0			(345,000,000)
Cash flows from financing activities:
Proceeds from warrants and derivatives				11,700,000
Payment of issuance costs	0			(429,431)
Proceeds from sale of Units, net of underwriting discounts paid	0			338,100,000
Advances from related party	0			5,360
Repayment of promissory note-related party	0			(89,890)
Net cash provided by financing activities	0			349,286,039
Net Change in Cash	0			1,552,520
Cash and cash equivalents at beginning of period	0	$ 1,552,520	$ 0	0
Cash and cash equivalents at end of period	0			1,552,520	$ 0
Non-cash investing and financing activities:
Offering costs included in accrued offering costs	120,540			12,000
Offering costs paid by Sponsor in exchange for issuance of Founder Shares	25,000
Offering costs paid through promissory note	52,250			37,640
Deferred underwriting fee payable	$ 0			$ 12,075,000

DESCRIPTION OF ORGANIZATION AND

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	12 Months Ended
	Dec. 31, 2021
TAILWIND TWO ACQUISITION CORP.
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Tailwind Two Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on November 18, 2020. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities (a “Business Combination”). The Company is not limited to a particular industry or sector for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. The Company has one wholly-owned subsidiary, Titan Merger Sub, Inc. (“Merger Sub”) which was incorporated in the State of Delaware on August 2, 2021. As of December 31, 2021, the Company had not commenced any operations. All activity from inception through December 31, 2021 relates to the Company’s formation, its initial public offering (“Initial Public Offering”), which is described below, and subsequent to the Initial Public Offering, identifying a target company for a Business Combination, in particular, activities in connection with the proposed business combination with Terran Orbital Corporation, a Delaware corporation (“Terran Orbital”) (see Note 6). The Company will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company generates non-operating The registration statement for the Company’s Initial Public Offering was declared effective on March 4, 2021. On March 9, 2021, the Company consummated the Initial Public Offering of 34,500,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of their over-allotment option in the amount of 4,500,000 Units, at $10.00 per Unit, generating gross proceeds of $345,000,000 which is described in Note 3. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 7,800,000 warrants (the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to Tailwind Two Sponsor LLC (the “Sponsor”), generating gross proceeds of $11,700,000, which is described in Note 4. Transaction costs amounted to $19,531,321, consisting of $6,900,000 in cash underwriting fees, $12,075,000 of deferred underwriting fees and $556,321 of other offering costs. Following the closing of the Initial Public Offering on March 9, 2021, an amount of $345,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”), located in the United States and invested only in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of Rule 2a-7 The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The stock exchange listing rules require that the Business Combination must be with one or more operating businesses or assets with a fair market value equal to at least 80% of the assets held in the Trust Account (excluding the amount of deferred underwriting commissions and taxes payable on the income earned on the Trust Account). The Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the issued and outstanding voting securities of the target or otherwise acquires a controlling interest in the target business sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination. The Company will provide the holders of the public shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their public shares upon the completion of the Business Combination, either (i) in connection with a general meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their Public Shares, equal to the aggregate amount then on deposit in the Trust Account, calculated as of two business days prior to the consummation of the Business Combination (initially $10.00 per Public Share), including interest (which interest shall be net of taxes payable), divided by the number of then issued and outstanding public shares, subject to certain limitations as described in the prospectus related to the Initial Public Offering. The per-share The Company will proceed with a Business Combination only if the Company has net tangible assets of at least $5,000,001 and, if the Company seeks shareholder approval, it receives an ordinary resolution under Cayman Islands law approving a Business Combination, which requires the affirmative vote of a majority of the shareholders who attend and vote at a general meeting of the Company. If a shareholder vote is not required and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of approving a Business Combination. Additionally, each Public Shareholder may elect to redeem their Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against an initial Business Combination. Notwithstanding the foregoing, if the Company seeks shareholder approval of the Business Combination and the Company does not conduct redemptions pursuant to the tender offer rules, a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% of the Public Shares without the Company’s prior written consent. The Sponsor has agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination and (b) not to propose an amendment to the Amended and Restated Memorandum and Articles of Association (i) to modify the substance or timing of the Company’s obligation to allow redemption in connection with the Company’s initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete a Business Combination within the Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial per-share The Company will have until March 9, 2023, to consummate a Business Combination (the “Combination Period”). However, if the Company has not completed a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten per-share There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period. The Sponsor has agreed to waive its rights to liquidating distributions from the Trust Account with respect to the Founder Shares it will receive if the Company fails to complete a Business Combination within the Combination Period. However, if the Sponsor or any of its respective affiliates acquire Public Shares, such Public Shares will be entitled to liquidating distributions from the Trust Account if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 6) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period, and in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00). In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party (other than the Company’s independent registered public accounting firm) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below the lesser of (1) $10.00 per Public Share and (2) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per Public Share, due to reductions in the value of trust assets, in each case net of the interest that may be withdrawn to pay taxes. This liability will not apply to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Going Concern and Liquidity As of December 31, 2021, the Company has $1,552,520 in its operating bank accounts and a working capital deficit of $137,483. Until the consummation of a Business Combination, the Company will be using the funds not held in the Trust Account for performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to acquire, and structuring, negotiating and consummating the Business Combination. The Company will need to raise additional capital through loans or additional investments from its Sponsor, shareholders, officers, directors, or third parties. The Company’s officers, directors and Sponsor may, but are not obligated to, loan the Company funds, from time to time or at any time, in whatever amount they deem reasonable in their sole discretion, to meet the Company’s working capital needs. Accordingly, the Company may not be able to obtain additional financing. If the Company is unable to raise additional capital, it may be required to take additional measures to conserve liquidity, which could include, but not necessarily be limited to, suspending the pursuit of a Business Combination. The Company cannot provide any assurance that new financing will be available to it on commercially acceptable terms, if at all. As a result of the above, in connection with the Company’s assessment of going concern considerations in accordance with FASB’s Accounting Standards Update (“ASU”) 2014-15,

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	Note 1 Organization and Summary of Significant Accounting Policies Organization and Business Terran Orbital Corporation, formerly known as Tailwind Two Acquisition Corp. (“Tailwind Two”), together with its wholly-owned subsidiaries (the “Company”), is a leading manufacturer of small satellites primarily serving the United States (“U.S.”) aerospace and defense industry. Through its subsidiary Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), the Company provides end-to-end in-orbit Tailwind Two Merger Prior to March 25, 2022, Tailwind Two was a publicly listed special purpose acquisition company incorporated as a Cayman Islands exempted company. On March 25, 2022, Tailwind Two acquired Terran Orbital Operating Corporation, formerly known as Terran Orbital Corporation (“Legacy Terran Orbital”) (the “Tailwind Two Merger”). In connection with the Tailwind Two Merger, Tailwind Two filed a notice of deregistration with the Cayman Islands Registrar of Companies and filed a certificate of incorporation and a certificate of corporate domestication with the Secretary of State of the State of Delaware, resulting in Tailwind Two becoming a Delaware corporation and changing its name from Tailwind Two to Terran Orbital Corporation. The Tailwind Two Merger resulted in Legacy Terran Orbital becoming a wholly-owned subsidiary of Terran Orbital Corporation. As a result of the Tailwind Two Merger, all of Legacy Terran Orbital’s issued and outstanding common stock was converted into shares of Terran Orbital Corporation’s common stock using an exchange ratio of 27.585 shares of Terran Orbital Corporation’s common stock per each share of Legacy Terran Orbital’s common stock. In addition, Legacy Terran Orbital’s convertible preferred stock and certain warrants were exercised and converted into shares of Legacy Terran Orbital’s common stock immediately prior to the Tailwind Two Merger, and in turn, were converted into shares of Terran Orbital Corporation’s common stock as a result of the Tailwind Two Merger. Further, in connection with the Tailwind Two Merger, Legacy Terran Orbital’s share-based compensation plan and related share-based compensation awards were cancelled and exchanged or converted, as applicable, with a new share-based compensation plan and related share-based compensation awards of Terran Orbital Corporation. While Legacy Terran Orbital became a wholly-owned subsidiary of Terran Orbital Corporation, Legacy Terran Orbital was deemed to be the acquirer in the Tailwind Two Merger for accounting purposes. Accordingly, the Tailwind Two Merger was accounted for as a reverse recapitalization, in which case the condensed consolidated financial statements of the Company represent a continuation of Legacy Terran Orbital and the issuance of common stock in exchange for the net assets of Tailwind Two recognized at historical cost and no recognition of goodwill or other intangible assets. Operations prior to the Tailwind Two Merger are those of Legacy Terran Orbital and all share and per-share pre-merger In connection with the Tailwind Two Merger, approximately $29 million of cash and marketable securities held in trust, net of redemptions by Tailwind Two’s public shareholders, became available for use by the Company as well as proceeds received from the contemporaneous sale of common stock in connection with the closing of a PIPE investment with a contractual amount of $51 million (the “PIPE Investment”). In addition, the Company received additional proceeds from the issuance of debt contemporaneously with the Tailwind Two Merger. The aggregate cash raised will be used for general corporate purposes, the partial paydown of debt, the payment of transaction costs and the payment of other costs directly or indirectly attributable to the Tailwind Two Merger. Beginning on March 28, 2022, the Company’s common stock and public warrants began trading on the New York Stock Exchange (the “NYSE”) under the symbols “LLAP” and “LLAP WS,” respectively. Further information regarding the Tailwind Two Merger is included in the respective notes that follow. Basis of Presentation and Significant Accounting Policies The preparation of the condensed consolidated financial statements in accordance with generally accepted accounting principles in the U.S. (“GAAP”) requires the Company to select accounting policies and make estimates that affect amounts reported in the condensed consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The condensed consolidated financial statements included herein are unaudited, but in the opinion of management, they include all adjustments, consisting of normal recurring adjustments, necessary to summarize fairly the Company’s financial position, results of operations, and cash flows for the interim periods presented. The interim results reported in these condensed consolidated financial statements should not be taken as indicative of results that may be expected for future interim periods or the full year. For a more comprehensive understanding of the Company and its interim results, these condensed consolidated financial statements should be read in conjunction with Legacy Terran Orbital’s audited consolidated financial statements as of and for the years ended December 31, 2021 and 2020 included in the registration statement on Form S-1 S-1”). The Company’s accounting policies used in the preparation of these condensed consolidated financial statements do not differ from those used for the annual consolidated financial statements of Legacy Terran Orbital, unless otherwise noted. The condensed consolidated balance sheet as of December 31, 2021 included herein was derived from the audited consolidated financial statements of Legacy Terran Orbital as of that date but does not include all the footnote disclosures from the annual consolidated financial statements. The condensed consolidated financial statements include the accounts of Terran Orbital Corporation and its subsidiaries, and have been prepared in U.S. dollars in accordance with GAAP. All intercompany transactions have been eliminated. COVID-19 During March 2020, the World Health Organization declared the outbreak of a novel coronavirus as a pandemic (the “COVID-19 COVID-19 The COVID-19 COVID-19 COVID-19 COVID-19 Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less from the time of purchase. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following as of the dates presented: (in thousands) March 31, 2022 December 31, Deferred debt commitment costs $ — $ 46,632 Deferred equity issuance costs — 6,085 Deferred cost of sales 1,585 2,950 Other current assets 4,673 1,972 Prepaid expenses and other current assets $ 6,258 $ 57,639 Deferred debt commitment costs relate to warrants and other consideration transferred in association with a financing arrangement entered into in anticipation of the Tailwind Two Merger. The deferred debt commitment costs were reclassified to discount on debt and deferred issuance costs in connection with the issuance of the associated debt in March 2022. Refer to Note 5 “Debt” and Note 6 “Warrants and Derivatives” for further discussion. Deferred equity issuance costs relate to direct and incremental legal, accounting, and other transaction costs incurred in connection with the Tailwind Two Merger. Upon closing of the Tailwind Two Merger, the deferred equity issuance costs were reclassified as a reduction to additional paid-in Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following as of the dates presented: (in thousands) March 31, 2022 December 31, Current warrant and derivative liabilities (1) $ — $ 68,518 Payroll-related accruals 8,547 5,771 Current operating lease liabilities 834 — Accrued interest 298 — Other current liabilities 3,403 1,847 Accrued expenses and other current liabilities $ 13,082 $ 76,136 (1) Refer to Note 6 “Warrants and Derivatives” for further discussion. Research and Development Research and development includes materials, labor, and overhead allocations attributable to the development of new products and solutions and significant improvements to existing products and solutions. Research and development costs are expensed as incurred and recognized in selling, general, and administrative expenses in the condensed consolidated statements of operations and comprehensive loss. Research and development expense was $1.9 million and $340 thousand during the three months ended March 31, 2022 and 2021, respectively. Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The majority of the Company’s cash and cash equivalents are held at major financial institutions. Certain account balances exceed the Federal Deposit Insurance Corporation insurance limits of $250,000 per account. As a result, there is a concentration of credit risk related to amounts in excess of the insurance limits. The Company regularly monitors the financial stability of these financial institutions and believes that there is no exposure to any significant credit risk in cash and cash equivalents. Concentrations of credit risk with respect to accounts receivable are limited because the Company performs credit evaluations, sets credit limits, and monitors the payment patterns of its customers. The table below presents individual customers who accounted for more than 10% of the Company’s revenue for the periods presented: Three Months Ended March 31, 2022 2021 Customer A 77 % 37 % Customer B 1 % 16 % Total 78 % 53 % The table below presents individual customers who accounted for more than 10% of the Company’s accounts receivable, net of allowance for credit losses, as of the dates presented: March 31, 2022 December 31, Customer A 82 % 14 % Customer B 6 % 32 % Customer C 3 % 13 % Customer D 2 % 19 % Customer E 2 % 10 % Total 95 % 88 % Recently Adopted Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument off-balance adopte Lease Accounting ASU 2016-02 , Leases (Topic 842) right-of-use adopte non-lease Upon transition to the guidance as of the date of adoption, the Company recognized operating lease liabilities on the condensed consolidated balance sheets with a corresponding amount of right-of-use The net impact of the adoption to the condensed consolidated balance sheet was as follows: (in thousands) December 31, 2021 Lease Standard January 1, 2022 Assets Other assets $ 639 $ 6,550 $ 7,189 Liabilities Accrued expenses and other current liabilities 76,136 166 76,302 Other liabilities 2,028 6,384 8,412	Note 1 Organization and Summary of Significant Accounting Policies Organization and Business Terran Orbital Corporation and its subsidiaries (the “Company”) is a leading manufacturer of small satellites primarily serving the United States (“U.S.”) aerospace and defense industry. Through its subsidiary Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), the Company provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of its customers. The Company accesses the international market through both Tyvak and its Torino, Italy based subsidiary, Tyvak International S.R.L. (“Tyvak International”). Through its subsidiary PredaSAR Corporation (“PredaSAR”), the Company is developing what it believes will be the world’s largest, most advanced NextGen Earth observation constellation to provide persistent, real-time Earth imagery. Tailwind Two Merger On October 28, 2021, the Company entered into a merger agreement (together with subsequent amendments, the “Merger Agreement”) with Tailwind Two Acquisition Corp. (“Tailwind Two”), a publicly listed special purpose acquisition company. On March 25, 2022, the Company completed the merger with Tailwind Two (the “Tailwind Two Merger”), which resulted in the Company becoming a wholly-owned subsidiary of Tailwind Two. In connection with the Tailwind Two Merger, Tailwind Two was renamed Terran Orbital Corporation (“New Terran Orbital”) and the Company was renamed Terran Orbital Operating Corporation. As a result of the Tailwind Two Merger, all of the Company’s issued and outstanding common stock was converted into shares of New Terran Orbital’s common stock using an exchange ratio of 27.585 shares of New Terran Orbital common stock per each share of the Company’s common stock. In addition, the Company’s convertible preferred stock and certain warrants were exercised and converted into shares of the Company’s common stock immediately prior to the Tailwind Two Merger, and in turn, were converted into shares of New Terran Orbital’s common stock as a result of the Tailwind Two Merger. Further, in connection with the Tailwind Two Merger, the Company’s share-based compensation plan and related share-based compensation awards were cancelled and exchanged or converted, as applicable, with a new share-based compensation plan and related share-based compensation awards of New Terran Orbital. While the Company became a wholly-owned subsidiary of New Terran Orbital, the Company is deemed to be the acquirer in the Tailwind Two Merger for accounting purposes. Accordingly, the Tailwind Two Merger will be accounted for as a reverse recapitalization, in which case the net assets of Tailwind Two will be stated at historical cost and no goodwill or other intangible assets will be recorded in connection with the Tailwind Two Merger. The treatment of the Tailwind Two Merger as a reverse recapitalization is based upon the pre-merger In connection with the Tailwind Two Merger, approximately $29 million of cash and marketable securities held in trust, net of redemptions by Tailwind Two’s public shareholders, became available for use by New Terran Orbital as well as approximately $51 million of cash that was raised by Tailwind Two through a contemporaneous sale of common stock in connection with the closing of a PIPE investment (the “PIPE Investment”). In addition, the Company received additional proceeds from the issuance of debt contemporaneously with the Tailwind Two Merger. The cash available for use by New Terran Orbital will be used for general corporate purposes as well as to pay for transaction costs incurred by both the Company and Tailwind Two, deferred underwriting fees related to Tailwind Two’s initial public offering, portions of the Company’s outstanding debt and other costs directly or indirectly attributable to the Tailwind Two Merger. Further information regarding the Tailwind Two Merger is included in the respective notes that follow. Basis of Presentation and Significant Accounting Policies The preparation of the consolidated financial statements in accordance with generally accepted accounting principles in the U.S. (“GAAP”) requires the Company to select accounting policies and make estimates that affect amounts reported in the consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The consolidated financial statements include the accounts of Terran Orbital Corporation and its subsidiaries, and have been prepared in U.S. dollars in accordance with GAAP. All intercompany transactions have been eliminated. Information on accounting policies and methods related to revenue and receivables, inventory, property, plant and equipment, debt, warrants and derivatives, fair value of financial instruments, mezzanine equity and shareholders’ deficit, share-based compensation, net loss per share, income taxes, commitments and contingencies, and segment information is included in the respective notes that follow. Below is a discussion of accounting policies and methods used in the consolidated financial statements that are not presented in other notes. COVID-19 During March 2020, the World Health Organization declared the outbreak of a novel coronavirus as a pandemic (the “COVID-19 COVID-19 The COVID-19 COVID-19 COVID-19 COVID-19 Foreign Currency Translation and Transaction Gains and Losses The Company’s reporting currency is the U.S. dollar. The financial statements of the Company’s foreign subsidiary are translated from its functional currency, which is the Euro, into U.S. dollars using the foreign exchange rates applicable to the dates of the financial statements. Assets and liabilities are translated using the end-of-period For any transaction that is denominated in a currency different from the entity’s functional currency, a gain or loss is recognized in other (income) expense in the consolidated statements of operations and comprehensive loss based on the difference between the foreign exchange rate at the transaction date and the foreign exchange rate at the transaction settlement date or end-of-period Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less from the time of purchase. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following as of the periods presented: December 31, (in thousands) 2021 2020 Deferred debt commitment costs $ 46,632 $ — Deferred equity issuance costs 6,085 — Deferred cost of sales 2,950 3,573 Other current assets 1,972 1,643 Prepaid expenses and other current assets $ 57,639 $ 5,216 Deferred debt commitment costs relate to warrants and other consideration transferred associated with a financing arrangement entered into in anticipation of the Tailwind Two Merger. The deferred debt commitment costs will be reclassified to discount on debt in connection with the issuance of the associated debt in March 2022. Refer to Note 5 “Debt” and Note 6 “Warrants and Derivatives” for further discussion. Deferred equity issuance costs relate to direct and incremental legal, accounting, and other transaction costs incurred in connection with the Tailwind Two Merger. Upon closing of the Tailwind Two Merger, the deferred equity issuance costs will be reclassified as a reduction to additional paid-in Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following as of the periods presented: December 31, (in thousands) 2021 2020 Current warrant and derivative liabilities (1) $ 68,518 $ — Payroll-related accruals 5,771 1,834 Other current liabilities 1,847 797 Accrued expenses and other current liabilities $ 76,136 $ 2,631 (1) Refer to Note 6 “Warrants and Derivatives” for further discussion. Research and Development Research and development includes materials, labor, and overhead allocations attributable to the development of new products and solutions and significant improvements to existing products and solutions. Research and development costs are expensed as incurred and recognized in selling, general, and administrative expenses in the consolidated statements of operations and comprehensive loss. Research and development expense was $1.9 million and $1.3 million during 2021 and 2020, respectively. Retirement Plans The Company maintains a qualified defined contribution plan for U.S. employees in the form of a 401(k) plan. Employee participants are permitted to make contributions on a before-tax The Company maintains a defined contribution plan for Tyvak International employees. The Company’s contributions to the plan were not material during 2021 and 2020. Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The majority of the Company’s cash and cash equivalents are held at major financial institutions. Certain account balances exceed the Federal Deposit Insurance Corporation insurance limits of $250,000 per account. As a result, there is a concentration of credit risk related to amounts in excess of the insurance limits. The Company regularly monitors the financial stability of these financial institutions and believes that there is no exposure to any significant credit risk in cash and cash equivalents. Concentrations of credit risk with respect to accounts receivable are limited because the Company performs credit evaluations, sets credit limits, and monitors the payment patterns of its customers. The table below presents individual customers who accounted for more than 10% of the Company’s revenue for the periods presented: Year Ended December 31, 2021 2020 Customer A 50 % 22 % Customer B 6 % 13 % Total 56 % 35 % The table below presents individual customers who accounted for more than 10% of the Company’s accounts receivable, net of allowance for credit losses, as of the periods presented: December 31, 2021 2020 Customer A 32 % 9 % Customer B 19 % 37 % Customer C 14 % 15 % Customer D 13 % 3 % Customer E 10 % 9 % Total 88 % 73 % Recently Adopted Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) 2020-06, Debt with Conversion and Other Options (Subtopic 470-20) 815-40): ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract implementation costs incurred to develop or obtain internal-use Recently Issued Accounting Pronouncements ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument off-balance The CECL model requires an entity to estimate credit losses expected over the life of an exposure, considering information about historical events, current conditions, and reasonable and supportable forecasts and is generally expected to result in earlier recognition of credit losses. The Company plans to adopt this guidance on January 1, 2022 with the cumulative effect of adoption as an adjustment to accumulated deficit, if any. The impact of adoption is not anticipated to be material. Lease Accounting ASU 2016-02 , Leases (Topic 842) right-of-use The guidance is to be adopted using a modified retrospective approach or an optional transition method. The Company has elected to adopt the guidance using the optional transition method, which allows the Company to apply the guidance at the adoption date and recognize a cumulative effect adjustment to the opening balance of accumulated deficit, if any, in the period of adoption with no restatement of comparative periods. As part of the adoption, the Company has elected to apply the package of transitional practical expedients under which the Company will not reassess prior conclusions about lease identification, lease classification, and initial direct costs of existing leases as of the date of adoption. Additionally, the Company has elected the practical expedients to not separate non-lease The Company has performed an impact analysis of the guidance and is in the final phase of implementing the guidance, which includes analyzing the impact of the guidance on existing lease contracts, reviewing the completeness of the existing lease portfolio, comparing accounting policies under current accounting guidance to the new accounting guidance, and implementing a new lease accounting system. Upon transition to the guidance as of the date of adoption, the Company expects to recognize approximately $7 million to $9 million of operating lease liabilities on the consolidated balance sheets, with a corresponding amount of right-of-use

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2021
TAILWIND TWO ACQUISITION CORP.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies, including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting periods. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these consolidated financial statements is the determination of fair value of the warrant liability. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2021 and 2020. Investments Held in Trust Account At December 31, 2021, substantially all of the assets held in the Trust Account were held in U.S. Treasury Securities. All of the Company’s investments held in the Trust Account are classified as held-to-maturity securities. Held-to-maturity Offering Costs Offering costs consisted of legal, accounting and other expenses incurred through the Initial Public Offering that were directly related to the Initial Public Offering. Offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred in the consolidated statements of operations. Offering costs associated with the Class A ordinary shares were included in Accretion for Class A ordinary shares subject to redemption amount upon the completion of the Initial Public Offering. Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Class A ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A ordinary shares that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at December 31, 2021, 34,500,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ (deficit) equity section of the Company’s consolidated balance sheet. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable Class A ordinary shares resulted in charges against additional paid-in At December 31, 2021, the Class A ordinary shares reflected in the consolidated balance sheet are reconciled in the following table: Gross proceeds $ 345,000,000 Less: Proceeds allocated to Public Warrants (11,270,000 ) Class A ordinary shares issuance costs (18,881,972 ) Plus: Accretion of carrying value to redemption value 30,151,972 Class A ordinary shares subject to possible redemption $ 345,000,000 Warrant Liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and FASB ASC Topic 815, “Derivatives and Hedging” (“ASC 815”). The Company accounts for the Warrants in accordance with the guidance contained in ASC 815-40 re-measurement Income Taxes The Company accounts for income taxes under ASC Topic 740, “Income Taxes,” which prescribes a recognition threshold and a measurement attribute for the consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2021 and 2020, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is considered to be an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Net Income (Loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. The Company has two classes of shares, which are referred to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable shares of Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value. The calculation of diluted income (loss) per ordinary share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, and (ii) the private placement since the exercise of the warrants is contingent upon the occurrence of future events. The warrants are exercisable to purchase 19,300,000 Class A ordinary shares in the aggregate. As of December 31, 2021 and 2020, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods presented. The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except share amounts): Year Ended For the Period from Class A Class B Class A Class B Basic and diluted net loss per ordinary share Numerator: Allocation of net loss $ (1,886,704 ) $ (563,891 ) $ — $ (6,093 ) Denominator: Basic and diluted weighted average shares outstanding 28,167,123 8,418,493 — 7,500,000 Basic and diluted net loss per ordinary share $ (0.07 ) $ (0.07 ) $ — $ (0.00 ) Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. Fair Value of Financial Instruments The fair value of the Company’s warrant liabilities does not approximate their carrying amount and as such, the warrant liabilities are recorded at fair value on the Company’s consolidated balance sheets. The fair value of the Company’s assets and other liabilities which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximate the carrying amounts represented in the accompanying consolidated balance sheets, primarily due to their short-term nature, other than the warrant liabilities (see Note 9). Recent Accounting Standards In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, 470-20) 815-40) 2020-06”) 2020-06 2020-06 if-converted 2020-06 2020-06 2020-06 Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Revenue and Receivables

Revenue and Receivables	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
RevenueFromContractWithCustomerAndReceivables [Abstract]
Revenue and Receivables	Note 2 Revenue and Receivables The Company applies the following five steps in order to recognize revenue from contracts with customers: (i) identify the contract(s) with a customer; (ii) identify the performance obligation(s) in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligation(s) in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, the Company assesses whether the goods or services promised within the contract represent a performance obligation. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation on a relative basis using the best estimate of the stand-alone selling price of each performance obligation, which is estimated using the expected-cost-plus-margin approach. Generally, the Company’s contracts with customers are structured such that the customer has the option to purchase additional goods or services. Customer options to purchase additional goods or services do not represent a separate performance obligation as the prices for such options reflect the stand-alone selling prices for the additional goods or services. The majority of the Company’s contracts with customers have a single performance obligation. The Company recognizes the transaction price allocated to the respective performance obligation as revenue as the performance obligation is satisfied. The majority of the Company’s contracts with customers relate to the creation of specialized assets that do not have alternative use and entitle the Company to an enforceable right to payment for performance completed to date. Accordingly, the Company generally measures progress towards the satisfaction of a performance obligation over time using the cost-to-cost Payments for costs not yet incurred or for costs incurred in anticipation of providing a good or service under a contract with a customer in the future are included in prepaid expenses and other current assets on the condensed consolidated balance sheets. Estimate-at-Completion As the majority of the Company’s revenue is recognized over time using the cost-to-cost cost-at-completion EAC represents the total estimated cost-at-completion Based on the results of the periodic EAC process, any adjustments to revenue, cost of sales, and the related impact to gross profit are recognized on a cumulative catch-up Contract modifications often relate to changes in contract specifications and requirements. Contract modifications are considered to exist when the modification either creates new or changes the existing enforceable rights and obligations. Most of the Company’s contract modifications are for goods or services that are not distinct from the existing contract due to the significant integration service provided in the context of the contract and are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price, and the measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue either as an increase in or a reduction of revenue on a cumulative catch-up Some of the Company’s long-term contracts contain award fees, incentive fees, or other provisions that can either increase or decrease the transaction price. These variable amounts generally are awarded upon achievement of certain performance metrics, program milestones or cost targets and can be based upon customer discretion. Variable consideration is estimated at the most likely amount to which the Company is expected to be entitled. Estimated amounts are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the Company’s anticipated performance and all information (historical, current, and forecasted) that is reasonably available. The unfunded portion of enforceable contracts are accounted for as variable consideration. Disaggregation of Revenue Below is a summary of the Company’s accounting by type of revenue: • Mission Support: Mission support services primarily relate to the integrated design, manufacture and final assembly of satellites for government and commercial entities. Revenue associated with mission support services is recognized over time using the cost-to-cost • Launch Support: Launch support services relates to the design and manufacture of deployment systems in order to launch satellites for government and commercial customers. In addition, the Company will assist in the launch of a satellite into space by coordinating and securing launch opportunities with launch providers on behalf of a customer. Revenue associated with launch support services is recognized over time using the cost-to-cost • Operations: Operations relates to the monitoring or operation of satellites in orbit on behalf of a customer. Revenue associated with operations is recognized monthly at a fixed contractual rate. Accordingly, the revenue is recognized in proportion to the amount it has the right to invoice for services performed. • Studies, Design and Other: Studies, design and other services primarily relate to special consulting studies and other design projects for government and commercial entities. Revenue associated with studies, design and other services is primarily recognized over time using the cost-to-cost The following tables presents the Company’s disaggregated revenue by offering and customer type for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Mission support $ 12,770 $ 8,747 Launch support 36 692 Operations 192 644 Studies, design and other 122 411 Revenue $ 13,120 $ 10,494 Three Months Ended March 31, (in thousands) 2022 2021 U.S. Government contracts Fixed price $ 8,492 $ 5,478 Cost-plus fee 2,272 676 10,764 6,154 Foreign government contracts Fixed price 556 543 Commercial contracts Fixed price, U.S. 1,650 2,192 Fixed price, International 150 1,577 Cost-plus fee — 28 1,800 3,797 Revenue $ 13,120 $ 10,494 For contracts in which the U.S. Government is the ultimate customer, the Company follows U.S. Government procurement and accounting standards in assessing the allowability and the allocability of costs to contracts. Due to the significance of the judgments and estimation processes, it is likely that materially different amounts could be recorded if different assumptions were used or if the underlying circumstances were to change. The Company monitors the consistent application of its critical accounting policies and compliance with contract accounting. Business operations personnel conduct periodic contract status and performance reviews. When adjustments in estimated contract revenues or costs are determined, any material changes from prior estimates are included in earnings in the current period. Also, regular and recurring evaluations of contract cost, scheduling and technical matters are performed by Company personnel who are independent from the business operations personnel performing work under the contract. Costs incurred and allocated to contracts with the U.S. Government are subject to audit by the Defense Contract Audit Agency for compliance with regulatory standards. Remaining Performance Obligations Revenue from remaining performance obligations is calculated as the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period on executed contracts, including both funded (firm orders for which funding is authorized and appropriated) and unfunded portions of such contracts. Remaining performance obligations exclude contracts in which the Company recognizes revenue in proportion to the amount it has the right to invoice for services performed and does not include unexercised contract options and potential orders under indefinite delivery/indefinite quantity contracts. As of March 31, 2022, the Company had approximately $221.8 million of remaining performance obligations. The Company estimates that approximately 98% of the remaining performance obligations as of March 31, 2022 will be completed and recognized as revenue by December 31, Contract Assets and Contract Liabilities For each of the Company’s contracts with customers, the timing of revenue recognition, customer billings, and cash collections results in a net contract asset or liability at the end of each reporting period. Fixed-price contracts are typically billed to the customer either using progress payments, whereby amounts are billed monthly as costs are incurred or work is completed, or performance-based payments, which are based upon the achievement of specific, measurable events or accomplishments defined and valued at contract inception. Cost-type contracts are typically billed to the customer on a monthly or semi-monthly basis. Contract assets Contract assets relate to instances in which revenue recognized exceeds amounts billed to customers. Contract assets are reclassified to accounts receivable when the Company has an unconditional right to the consideration and bills the customer. Contract assets are classified as current and non-current The Company records an allowance for credit losses against its contract assets for amounts not expected to be recovered. The allowance is recognized at inception and is reassessed each reporting period. The allowance for credit losses on contract assets was not material for the periods presented. The following is a summary of contract assets, net, recognized in the condensed consolidated balance sheets as of the dates presented: (in thousands) March 31, 2022 January 1, (1) Contract assets, gross $ 3,685 $ 2,757 Allowance for credit losses (76 ) (82 ) Contract assets, net $ 3,609 $ 2,675 (1) Balances reflected are subsequent to the adoption of CECL on January 1, 2022. As of March 31, 2022 and December 31, 2021, all contract assets were classified as current assets. There were no material impairments of contract assets during the three months ended March 31, 2022 or 2021. Contract liabilities Contract liabilities relate to advance payments and billings in excess of revenue recognized. Contract liabilities are recognized into revenue as the Company satisfies the underlying performance obligations. Contract liabilities are classified as current and non-current As of March 31, 2022 and December 31, 2021, all contract liabilities were classified as current liabilities. During the three months ended March 31, 2022 and 2021, the Company recognized revenue of $9.6 million and $7.2 million, respectively, that was previously included in the beginning balance of contract liabilities. Accounts Receivable Accounts receivable represent unconditional rights to consideration due from customers in the ordinary course of business and are generally due in one year or less. Accounts receivable are recorded at amortized cost less an allowance for credit losses, which is based on the Company’s assessment of the collectability of its accounts receivable. The Company reviews the adequacy of the allowance for credit losses by considering the age of each outstanding invoice and the collection history of each customer. Accounts receivable that are deemed uncollectible are charged against the allowance for credit losses when identified. Receivables from products and services for which the U.S. Government is the ultimate customer included in accounts receivable was $16.3 million and $2.1 million as of March 31, 2022 and December 31, 2021, respectively. The following table presents changes in the allowance for credit losses for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Beginning balance $ (945 ) $ (635 ) Adoption of CECL (39 ) — Provision for credit losses (26 ) (99 ) Write-offs 127 3 Ending balance $ (883 ) $ (731 ) Reserve for Anticipated Losses on Contracts When the estimated cost-at-completion 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts During the three months ended March 31, 2022, the Company increased the reserve for anticipated losses on contracts by $79 thousand. During the three months ended March 31, 2021, the Company decreased the reserve for anticipated losses on contracts by $52 thousand.	Note 2 Revenue and Receivables The Company adopted Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers Under ASC 606, the Company applies the following five steps in order to recognize revenue from contracts with customers: (i) identify the contract(s) with a customer; (ii) identify the performance obligation(s) in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligation(s) in the contract; and (v) recognize revenue when (or as) the entity satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, the Company assesses whether the goods or services promised within the contract represent a performance obligation. A performance obligation is a promise in a contract to transfer a distinct good or service to the customer and is the unit of account in ASC 606. For contracts with multiple performance obligations, the Company allocates the contract’s transaction price to each performance obligation on a relative basis using the best estimate of the stand-alone selling price of each performance obligation, which is estimated using the expected-cost-plus-margin approach. Generally, the Company’s contracts with customers are structured such that the customer has the option to purchase additional goods or services. Customer options to purchase additional goods or services do not represent a separate performance obligation as the prices for such options reflect the stand-alone selling prices for the additional goods or services. The majority of the Company’s contracts with customers have a single performance obligation. The Company recognizes the transaction price allocated to the respective performance obligation as revenue as the performance obligation is satisfied. The majority of the Company’s contracts with customers relate to the creation of specialized assets that do not have alternative use and entitle the Company to an enforceable right to payment for performance completed to date. Accordingly, the Company generally measures progress towards the satisfaction of a performance obligation over time using the cost-to-cost Payments for costs not yet incurred or for costs incurred in anticipation of providing a good or service under a contract with a customer in the future are included in prepaid expenses and other current assets on the consolidated balance sheets. Estimate-at-Completion As the majority of the Company’s revenue is recognized over time using the cost-to-cost cost-at-completion EAC represents the total estimated cost-at-completion Based on the results of the periodic EAC process, any adjustments to revenue, cost of sales, and the related impact to gross profit are recognized on a cumulative catch-up determined the Company will not be successful in mitigating these risks or realizing related opportunities. A significant change in one or more of these estimates could affect the profitability of one or more of the Company’s performance obligations. Contract modifications often relate to changes in contract specifications and requirements. Contract modifications are considered to exist when the modification either creates new or changes the existing enforceable rights and obligations. Most of the Company’s contract modifications are for goods or services that are not distinct from the existing contract due to the significant integration service provided in the context of the contract and are accounted for as if they were part of that existing contract. The effect of a contract modification on the transaction price, and the measure of progress for the performance obligation to which it relates, is recognized as an adjustment to revenue either as an increase in or a reduction of revenue on a cumulative catch-up Some of the Company’s long-term contracts contain award fees, incentive fees, or other provisions that can either increase or decrease the transaction price. These variable amounts generally are awarded upon achievement of certain performance metrics, program milestones or cost targets and can be based upon customer discretion. Variable consideration is estimated at the most likely amount to which the Company is expected to be entitled. Estimated amounts are included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is resolved. Estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on an assessment of the Company’s anticipated performance and all information (historical, current, and forecasted) that is reasonably available. The unfunded portion of enforceable contracts are accounted for as variable consideration. Disaggregation of Revenue Below is a summary of the Company’s accounting for the types of revenue under ASC 606: • Mission Support: Mission support services primarily relate to the integrated design, manufacture and final assembly of satellites for government and commercial entities. Revenue associated with mission support services is recognized over time using the cost-to-cost • Launch Support: Launch support services relates to the design and manufacture of deployment systems in order to launch satellites for government and commercial customers. In addition, the Company will assist in the launch of a satellite into space by coordinating and securing launch opportunities with launch providers on behalf of a customer. Revenue associated with launch support services is recognized over time using the cost-to-cost • Operations: Operations relates to the monitoring or operation of satellites in orbit on behalf of a customer. Revenue associated with operations is recognized monthly at a fixed contractual rate. Accordingly, the revenue is recognized in proportion to the amount it has the right to invoice for services performed. • Studies, Design and Other: Studies, design and other services primarily relate to special consulting studies and other design projects for government and commercial entities. Revenue associated with studies, design and other services is primarily recognized over time using the cost-to-cost The following tables presents the Company’s disaggregated revenue by offering and customer type for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Mission support $ 37,109 $ 19,362 Launch support 1,144 1,304 Operations 2,039 2,558 Studies, design and other 614 1,655 Revenue $ 40,906 $ 24,879 Years Ended December 31, (in thousands) 2021 2020 U.S. Government contracts Fixed price $ 17,036 $ 8,871 Cost-plus fee 4,912 3,053 21,948 11,924 Foreign government contracts Fixed price 4,623 884 Commercial contracts Fixed price, U.S. 9,005 5,602 Fixed price, International 5,210 6,414 Cost-plus fee 120 55 14,335 12,071 Revenue $ 40,906 $ 24,879 For U.S. Government contracts, the Company follows U.S. Government procurement and accounting standards in assessing the allowability and the allocability of costs to contracts. Due to the significance of the judgments and estimation processes, it is likely that materially different amounts could be recorded if different assumptions were used or if the underlying circumstances were to change. The Company monitors the consistent application of its critical accounting policies and compliance with contract accounting. Business operations personnel conduct periodic contract status and performance reviews. When adjustments in estimated contract revenues or costs are determined, any material changes from prior estimates are included in earnings in the current period. Also, regular and recurring evaluations of contract cost, scheduling and technical matters are performed by Company personnel who are independent from the business operations personnel performing work under the contract. Costs incurred and allocated to contracts with the U.S. Government are subject to audit by the Defense Contract Audit Agency for compliance with regulatory standards. Remaining Performance Obligations Revenue from remaining performance obligations is calculated as the aggregate amount of the transaction price allocated to performance obligations that are unsatisfied (or partially unsatisfied) as of the end of the reporting period on executed contracts, including both funded (firm orders for which funding is authorized and appropriated) and unfunded portions of such contracts. Remaining performance obligations exclude contracts in which the Company recognizes revenue in proportion to the amount it has the right to invoice for services performed and does not include unexercised contract options and potential orders under indefinite delivery/indefinite quantity contracts. As of December 31, 2021, the Company had approximately $73.9 million of remaining performance obligations, of which the Company expects to recognize $67.1 million during 2022, $6.1 million during 2023, $500 thousand during 2024, and $200 thousand thereafter. Contract Assets and Contract Liabilities For each of the Company’s contracts with customers, the timing of revenue recognition, customer billings, and cash collections results in a net contract asset or liability at the end of each reporting period. Fixed-price contracts are typically billed to the customer either using progress payments, whereby amounts are billed monthly as costs are incurred or work is completed, or performance-based payments, which are based upon the achievement of specific, measurable events or accomplishments defined and valued at contract inception. Cost-type contracts are typically billed to the customer on a monthly or semi-monthly basis. Contract assets Contract assets relate to instances in which revenue recognized exceeds amounts billed to customers. Contract assets are reclassified to accounts receivable when the Company has an unconditional right to the consideration and bills the customer. Contract assets are classified as current and non-current As of December 31, 2021 and 2020, all contract assets were classified as current assets. There were no material impairments of contract assets during 2021 or 2020. Contract liabilities Contract liabilities relate to advance payments and billings in excess of revenue recognized. Contract liabilities are recognized into revenue as the Company satisfies the underlying performance obligations. Contract liabilities are classified as current and non-current As of December 31, 2021 and 2020, all contract liabilities were classified as current liabilities. During 2021 and 2020, the Company recognized revenue of $17.2 million and $9.3 million, respectively, that was previously included in the beginning balance of contract liabilities. Accounts Receivable Accounts receivable represent unconditional rights to consideration due from customers in the ordinary course of business and are generally due in one year or less. Accounts receivable are recorded at amortized cost less an allowance for credit losses, which is based on the Company’s assessment of the collectability of its accounts receivable. The Company reviews the adequacy of the allowance for credit losses by considering the age of each outstanding invoice and the collection history of each customer. Accounts receivable that are deemed uncollectible are charged against the allowance for credit losses when identified. Receivables from products and services ultimately provided to the U.S. Government included in accounts receivable was $2.1 million and $1.6 million as of December 31, 2021 and 2020, respectively. The following table presents changes in the allowance for credit losses for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Beginning balance $ (635 ) $ (116 ) Provision for credit losses (407 ) (794 ) Write-offs 97 275 Ending balance $ (945 ) $ (635 ) Reserve for Anticipated Losses on Contracts When the estimated cost-at-completion 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts The Company recognized a reduction in cost of sales to offset the previously recognized anticipated losses on contracts of $1.3 million and $4.8 million during 2021 and 2020, respectively.

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING	12 Months Ended
	Dec. 31, 2021
Tailwind Two Acquisition Corp [Member]
INITIAL PUBLIC OFFERING	NOTE 3. INITIAL PUBLIC OFFERING Pursuant to the Initial Public Offering, the Company sold 34,500,000 Units, which includes a full exercise by the underwriters of their over-allotment option in the amount of 4,500,000 Units, at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one-third

INVENTORY

INVENTORY	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventory	Note 3 Inventory Inventory consists of parts and sub-assemblies sub-assembly first-in-first-out The components of inventory as of the dates presented were as follows: (in thousands) March 31, 2022 December 31, Raw materials $ 5,994 $ 4,782 Work in process 3,197 3,001 Total inventory $ 9,191 $ 7,783	Note 3 Inventory Inventory consists of parts and sub-assemblies sub-assembly first-in-first-out The components of inventory as of the periods presented were as follows: December 31, (in thousands) 2021 2020 Raw materials $ 4,782 $ 681 Work in process 3,001 2,138 Total inventory $ 7,783 $ 2,819

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant And Equipment, Net	Note 4 Property, Plant and Equipment, net Property, plant and equipment, net is stated at historical cost less accumulated depreciation. Cost for company-owned satellite assets includes amounts related to design, construction, launch and commission. Cost for ground stations includes amounts related to construction and testing. Interest is capitalized on certain qualifying assets that take a substantial period of time to develop for their intended use. Depreciation expense is calculated using the sum-of-the-years’ Machinery and equipment 5-7 Satellites 3-5 Ground station equipment 5-7 Office equipment and furniture 5-7 Computer equipment and software 3-5 Leasehold improvements Shorter of the estimated useful life or remaining lease term The determination of the estimated useful life of satellites involves an analysis that considers design life, random part failure probabilities, expected component degradation and cycle life, predicted fuel consumption and experience with satellite parts, vendors and similar assets. Depreciation expense was $846 thousand and $671 thousand during the three months ended March 31, 2022 and 2021, respectively. Repairs and maintenance expenditures are expensed when incurred. The gross carrying amount, accumulated depreciation and net carrying amount of property, plant and equipment, net as of the dates presented were as follows: (in thousands) March 31, December 31, Machinery and equipment $ 7,595 $ 7,607 Satellites 2,209 2,209 Ground station equipment 1,944 1,944 Office equipment and furniture 2,292 2,239 Computer equipment and software 141 142 Leasehold improvements 8,911 8,533 Construction in process 26,959 23,647 Property, plant and equipment, gross 50,051 46,321 Accumulated depreciation (11,717 ) (10,791 ) Property, plant and equipment, net $ 38,334 $ 35,530 Construction in process included company-owned satellites, ground station equipment and machinery not yet placed into service. The Company reviews property, plant and equipment, net for impairment whenever events or changes in business circumstances indicate that the net carrying amount of an asset or asset group may not be fully recoverable. The Company groups assets at the lowest level for which cash flows are separately identified. Recoverability is measured by a comparison of the net carrying amount of the asset group to its expected future undiscounted cash flows. If the expected future undiscounted cash flows of the asset group are less than its net carrying amount, an impairment loss is recognized based on the amount by which the net carrying amount exceeds the fair value less costs to sell. The calculation of the fair value less costs to sell of an asset group is based on assumptions concerning the amount and timing of estimated future cash flows and assumed discount rates, reflecting varying degrees of perceived risk. There were no impairments of property, plant and equipment during the three months ended March 31, 2022 and 2021.	Note 4 Property, Plant and Equipment, net Property, plant and equipment, net is stated at historical cost less accumulated depreciation. Cost for company-owned satellite assets includes amounts related to design, construction, launch and commission. Cost for ground stations includes amounts related to construction and testing. Interest is capitalized on certain qualifying assets that take a substantial period of time to develop for their intended use. Depreciation expense is calculated using the sum-of-the-years’ Machinery and equipment 5-7 Satellites 3-5 Ground station equipment 5-7 Office equipment and furniture 5-7 Computer equipment and software 3-5 Leasehold improvements Shorter of the estimated useful life or remaining lease term The determination of the estimated useful life of satellites involves an analysis that considers design life, random part failure probabilities, expected component degradation and cycle life, predicted fuel consumption and experience with satellite parts, vendors and similar assets. Depreciation expense was $3.1 million and $2.9 million during 2021 and 2020, respectively. Repairs and maintenance expenditures are expensed when incurred. The gross carrying amount, accumulated depreciation and net carrying amount of property, plant and equipment, net as of the periods presented were as follows: December 31, (in thousands) 2021 2020 Machinery and equipment $ 7,607 $ 5,742 Satellites 2,209 — Ground station equipment 1,944 1,331 Office equipment and furniture 2,239 2,106 Computer equipment and software 142 149 Leasehold improvements 8,533 7,391 Construction in process 23,647 10,039 Property, plant and equipment, gross 46,321 26,758 Accumulated depreciation (10,791 ) (7,237 ) Property, plant and equipment, net $ 35,530 $ 19,521 Construction in process included company-owned satellites, ground station equipment and machinery not yet placed into service. The Company reviews property, plant and equipment, net for impairment whenever events or changes in business circumstances indicate that the net carrying amount of an asset or asset group may not be fully recoverable. The Company groups assets at the lowest level for which cash flows are separately identified. Recoverability is measured by a comparison of the net carrying amount of the asset group to its expected future undiscounted cash flows. If the expected future undiscounted cash flows of the asset group are less than its net carrying amount, an impairment loss is recognized based on the amount by which the net carrying amount exceeds the fair value less costs to sell. The calculation of the fair value less costs to sell of an asset group is based on assumptions concerning the amount and timing of estimated future cash flows and assumed discount rates, reflecting varying degrees of perceived risk. There were no impairments of property, plant and equipment during 2021 and 2020.

Debt

Debt	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	Note 5 Debt Long-term debt as of the presented dates was comprised of the following: (in thousands) Description Issued Maturity Interest Interest March 31, 2022 December 31, 2021 Francisco Partners Facility November 2021 April 2026 9.25% Quarterly $ 120,023 $ 30,289 Senior Secured Notes due 2026 (1) March 2021 April 2026 9.25% and Quarterly 56,267 94,686 PIPE Investment Obligation March 2022 December 2025 N/A N/A 28,125 — Finance leases N/A N/A N/A N/A 49 53 Unamortized deferred issuance costs (2,115) (761) Unamortized discount on debt (99,905) (9,119) Total debt 102,444 115,148 Current portion of long-term debt 7,515 14 Long-term debt $ 94,929 $ 115,134 (1) - Includes the Lockheed Martin Rollover Debt and Beach Point Rollover Debt, each as defined below. N/A - Not meaningful or applicable Significant changes in the Company’s debt during the three months ended March 31, 2022 were as follows: Francisco Partners Facility On March 9, 2022, the Company amended the note purchase agreement (the “FP Note Purchase Agreement”) governing the issuance and sale of senior secured notes due on November 24, 2026 (the “Francisco Partners Facility”) to, among other things, (i) increase the principal amount of senior secured notes that may be issued under the FP Note Purchase Agreement to up to $154 million, (ii) increase the second tranche of the Francisco Partners Facility (the “Delayed Draw Notes”) to $24 million of senior secured notes, and (iii) accelerate the funding of the Delayed Draw Notes. The Delayed Draw Notes were issued net of a $4 million original issue discount and resulted in proceeds received of $20 million, of which $8.6 million was allocated to proceeds from debt and $11.4 million was allocated to proceeds from warrants and derivatives in the condensed consolidated statements of cash flows. The Company reclassified deferred debt commitment costs of $13.2 million to discount on debt and $137 thousand to deferred issuance costs related to the issuance of the Delayed Draw Notes. The Company incurred an incremental $208 thousand of deferred issuance costs related to the issuance of the Delayed Draw Notes. On March 25, 2022, the Company further amended the FP Note Purchase Agreement to, among other things, (i) decrease the principal amount of senior secured notes that may be issued under the Francisco Partners Facility to up to $119 million, (ii) amend certain existing covenants, as described below, (iii) add an additional covenant, as described below, (iv) revise the maturity date to April 1, 2026, and (v) change the timing of quarterly interest payments to May 15th, August 15th, November 15th and February 15th of each calendar year, with the first such interest payment required to be made on May 15, 2022. As consideration for the amendment on March 25, 2022, Francisco Partners received an additional 1.9 million shares of Terran Orbital Corporation’s common stock in connection with the Tailwind Two Merger. Upon closing of the Tailwind Two Merger, the Company issued $65 million of senior secured notes as the third tranche of the Francisco Partners Facility (the “Conditional Notes”). The Conditional Notes were issued net of a $5 million original issue discount and resulted in proceeds received of $60 million, of which $14.4 million was allocated to proceeds from debt, $30.8 million was allocated to proceeds from warrants and derivatives, and $14.8 million was allocated to proceeds from the issuance of common stock in the condensed consolidated statements of cash flows. The Company reclassified deferred debt commitment costs of $32.8 million to discount on debt and $509 thousand to deferred issuance costs upon the issuance of the Conditional Notes. The Company incurred an incremental $851 thousand of issuance costs related to the issuance of the Conditional Notes, of which $641 thousand was allocated to debt and $210 thousand was allocated to equity. As part of the amendment on March 25, 2022, the liquidity maintenance financial covenant of the Francisco Partners Facility was modified to require that as of the last day of each fiscal quarter, the Company must have an aggregate amount of unrestricted cash and cash equivalents of at least (i) $20 million in the case of the fiscal quarters ending March 31, 2022, June 30, 2022 and September 30, 2022, (ii) $10 million in the case of the fiscal quarter ending December 31, 2022 and (iii) $20 million plus 15% of certain aggregate funded indebtedness of the Company in the case of each fiscal quarter thereafter. In addition, a new covenant was added requiring the Company to at least break even on an EBITDA basis (as defined in the FP Note Purchase Agreement) by December 31, 2023, subject to certain extensions. As of March 31, 2022 and December 31, 2021, approximately $1.0 million and $289 thousand of contractual interest was included in the outstanding principal balance of the Francisco Partners Facility, respectively. Senior Secured Notes due 2026 On March 8, 2021, the Company issued $87 million aggregate principal amount of senior secured notes due April 1, 2026 (the “Senior Secured Notes due 2026”) which resulted in gross proceeds of $50 million from Lockheed Martin Corporation (“Lockheed Martin”) and the exchange and extinguishment of $37 million then outstanding convertible notes. The loss on extinguishment of debt totaled $70.6 million and primarily related to the recognition of warrants issued at fair value. The Company allocated $47.5 million of the proceeds received to the Senior Secured Notes due 2026 and the remainder of the proceeds were allocated to warrants issued upon funding of the Senior Secured Notes due 2026 in the condensed consolidated statements of cash flows. Refer to Note 6 “Warrants and Derivatives” for further discussion regarding warrants. On March 25, 2022, the Senior Secured Notes due 2026 were impacted as follows: Exchange of Debt for Equity In connection with the PIPE Investment, two holders of the Senior Secured Notes due 2026 agreed to, in substance, exchange the outstanding amount of principal and interest for common stock of Terran Orbital Corporation with any residual amounts settled in cash, resulting in a loss on extinguishment of debt of $727 thousand related to $4.6 million carrying amount of Senior Secured Notes due 2026 on March 25, 2022. The consideration transferred as part of the extinguishment included common stock with a fair value of $4.6 million and a cash payment of $703 thousand, of which $293 thousand represents financing cash flows related to the repayment of debt and $410 thousand represents operating cash flows related to the payment of interest in the condensed consolidated statements of cash flows. Rollover Debt On March 25, 2022, the note purchase agreement governing the Senior Secured Notes due 2026 was amended to, among other things, (i) set the amount of senior secured notes that will remain outstanding with Lockheed Martin subsequent to the Tailwind Two Merger to $25 million (the “Lockheed Martin Rollover Debt”), (ii) increase and set the amount of senior secured notes that will remain outstanding with Beach Point Capital (“Beach Point”) subsequent to the Tailwind Two Merger to $31.3 million (the “Beach Point Rollover Debt”), (iii) set the terms of the Lockheed Martin Rollover Debt and the Beach Point Rollover Debt to have substantially similar terms as the terms in the Francisco Partners Facility, excluding call protection and the Beach Point Rollover Debt bearing interest at 11.25% (9.25% of which is payable in cash and 2.0% of which is payable in kind), and (iv) cause the Beach Point Rollover Debt to be subordinated in right of payment to the Francisco Partners Facility. In connection with the Tailwind Two Merger, the Company partially extinguished Lockheed Martin’s portion of the Senior Secured Notes due 2026, resulting in a gain on extinguishment of debt of $1.8 million related to $32.6 million carrying amount, inclusive of an unamortized premium, of Senior Secured Notes due 2026 on March 25, 2022. The consideration transferred as part of the partial extinguishment included a cash payment of $30.8 million, of which $25 million represents financing cash flows related to the repayment of debt and $5.8 million represents operating cash flows related to the payment of interest in the condensed consolidated statements of cash flows. In addition, the Lockheed Martin Rollover Debt represents a modification of Lockheed Martin’s portion of the Senior Secured Notes due 2026. The Company expensed $323 thousand of third-party expenses related to the modification. In connection with the PIPE Investment and the amendment on March 25, 2022, Beach Point agreed to, in substance, exchange a portion of the outstanding amount of principal and interest for common stock of Terran Orbital Corporation with the remainder representing the Beach Point Rollover Debt. As consideration for the amendment on March 25, 2022, Beach Point received an additional 2.4 million shares of Terran Orbital Corporation’s common stock as part of the Tailwind Two Merger. Accordingly, Beach Point’s portion of the Senior Secured Notes due 2026 was deemed to have been extinguished for the issuance of the Beach Point Rollover Debt and common stock of Terran Orbital Corporation, resulting in a loss on extinguishment of debt of $24.2 million related to $38.6 million carrying amount of Senior Secured Notes due 2026 on March 25, 2022. The consideration transferred as part of the extinguishment included common stock with a fair value of $31.8 million and the Beach Point Rollover Debt with a fair value of $31 million. The Company incurred $328 thousand of third-party expenses related to the Beach Point Rollover Debt, of which $178 thousand was allocated to debt and $151 thousand was allocated to equity. PIPE Investment Obligation An affiliate of a director and shareholder of the Company invested $30 million as part of the PIPE Investment (the “Insider PIPE Investment”). The subscription agreement for the Insider PIPE Investment included a provision that obligates the Company to pay the affiliate a quarterly fee of $1.875 million for sixteen quarters beginning with the period ending March 31, 2022 (the “PIPE Investment Obligation”). The first four quarterly payments are to be paid in cash and the remaining payments are to be paid, at the Company’s option, in cash or common stock of the Company, subject to subordination to and compliance with the Company’s debt facilities. The PIPE Investment Obligation represents a liability within scope of ASC 480 , Distinguishing Liabilities from Equity, Interest The Insider PIPE Investment resulted in proceeds received of $30 million, of which $13 million was allocated to proceeds from debt and $17 million was allocated to proceeds from PIPE Investment in the condensed consolidated statements of cash flows based on relative fair value. The Company incurred $259 thousand of issuance costs related to the Insider PIPE Investment, of which $112 thousand was allocated to debt and $147 was allocated to equity.	Note 5 Debt Long-term debt as of the presented periods was comprised of the following: (in thousands) December 31, Description Issued Maturity Interest Interest 2021 2020 Pre-Combination November 2021 November 2026 9.25% Quarterly 30,289 — Senior Secured Notes due 2026 March 2021 April 2026 11.00% Quarterly 94,686 — Convertible Notes due 2028 July and August 2018 July 2028 3.05% 6/30 and 12/31 — 36,654 PPP Loan May 2020 May 2022 1.00% Monthly — 2,537 Finance leases N/A N/A N/A N/A 53 49 Unamortized deferred issuance costs (761 ) (2,208 ) Unamortized discount on debt (9,119 ) — Total debt 115,148 37,032 Current portion of long-term debt 14 1,403 Long-term debt $ 115,134 $ 35,629 N/A - Not meaningful Francisco Partners Facility On November 24, 2021 (the “FP NPA Closing Date”), the Company entered into a note purchase agreement (the “FP Note Purchase Agreement”) for the issuance and sale of senior secured notes in an aggregate principal amount of up to $150 million due on November 24, 2026 (the “Francisco Partners Facility”) with certain managed funds or investment vehicles of Francisco Partners. The Francisco Partners Facility originally consisted of (i) $30 million of senior secured notes, which were drawn on the FP NPA Closing Date (the “Pre-Combination The Pre-Combination Pre-Combination On March 9, 2022, the Company amended the FP Note Purchase Agreement to, among other things, (i) increase the principal amount of senior secured notes that may be issued under the Francisco Partners Facility to up to $154 million, (ii) increase the Delayed Draw Notes to $24 million of senior secured notes, and (iii) accelerate the funding of the Delayed Draw Notes. The Delayed Draw Notes were issued net of a $4 million original issue discount and resulted in proceeds received of $20 million. On March 25, 2022, the Company further amended the FP Note Purchase Agreement to, among other things, (i) decrease the principal amount of senior secured notes that may be issued under the Francisco Partners Facility to up to $119 million, (ii) amend certain existing covenants, as described below, (iii) add an additional covenant, as described below, (iv) revise the maturity date to April 1, 2026, and (v) change the timing of quarterly interest payments, as described below. Upon closing of the Tailwind Two Merger, Conditional Notes of $65 million were issued net of a $5 million original issue discount and resulted in proceeds received of $60 million. Senior secured notes issued pursuant to the Francisco Partners Facility bear interest at a rate of 9.25% per annum, which is due and payable in arrears on the last business day of each calendar quarter, commencing with the calendar quarter ending December 31, 2021. The Francisco Partners Facility included certain escalations in interest rate in the event of delay or termination of the Tailwind Two Merger that were not triggered. In addition, a one-time 1-year 1-year Pre-Combination As part of the amendment on March 25, 2022, interest is due and payable in arrears on May 15th, August 15th, November 15th and February 15th of each calendar year, with the first such interest payment required to be made on May 15, 2022. The Francisco Partners Facility requires the Company to make certain mandatory prepayments with (i) 100% of net cash proceeds of all non-ordinary The Francisco Partners Facility contains certain customary affirmative covenants, negative covenants and events of default. In addition, commencing with the first fiscal quarter ending after the closing of the Tailwind Two Merger, the Francisco Partners Facility will have a liquidity maintenance financial covenant that, subject to certain conditions, requires that as of the last day of each fiscal quarter, the Company and New Terran Orbital have an aggregate amount of unrestricted cash and cash equivalents of at least the greater of (a) $20 million and (b) an amount equal to 15% of the total funded indebtedness of the Company and New Terran Orbital. As part of the amendment on March 25, 2022, the liquidity maintenance financial covenant was modified to (i) $20 million in the case of the fiscal quarters ending March 31, 2022, June 30, 2022 and September 30, 2022, (ii) $10 million in the case of the fiscal quarter ending December 31, 2022 and (iii) thereafter, $20.0 million plus 15% of the debt incurred after closing of the Tailwind Two Merger. In addition, a new covenant was added requiring New Terran, the Company and its subsidiaries to at least break even on an EBITDA basis (as defined in the FP Note Purchase Agreement) by December 31, 2023, subject to certain extensions. The obligations under the Francisco Partners Facility are guaranteed by the Company’s wholly-owned U.S. subsidiaries, subject to certain exceptions. Senior Secured Notes due 2026 On March 8, 2021, the Company issued $87 million aggregate principal amount of senior secured notes due April 1, 2026 (the “Senior Secured Notes due 2026”) which resulted in gross proceeds of $50 million from Lockheed Martin Corporation (“Lockheed Martin”) and the exchange and extinguishment of million then outstanding Convertible Notes due 2028 (as defined below). The Company allocated million of the proceeds received to the Senior Secured Notes due 2026 and the remainder of the proceeds were allocated to warrants issued upon funding of the Senior Secured Notes due 2026 in the consolidated statements of cash flows. The Company allocated million of deferred issuance costs to the Senior Secured Notes due 2026. Refer to Note 6 “Warrants and Derivatives” for further discussion regarding warrants issued in connection with the issuance of the Senior Secured Notes due 2026. In connection to the Merger Agreement and the FP Note Purchase Agreement, the Senior Secured Notes due 2026 note purchase agreement was amended in November 2021 to provide consent to the Company incurring obligations related to the Pre-Combination The Company issued warrants and contingently issuable warrants and equity to each of Lockheed Martin and Beach Point in connection with the amendment to the Senior Secured Notes due 2026 which resulted in the extinguishment and re-issuance of the Senior Secured Notes due 2026 for each of Lockheed Martin and Beach Point for accounting purposes. The loss on extinguishment of debt totaled million and included the recognition of warrants and contingently issuable warrants and equity at fair value, the fair value adjustment related to the re-issuance of the Senior Secured Notes due 2026, the write-off of unamortized discount on debt and deferred issuance costs on the extinguished Senior Secured Notes due 2026, and certain third-party financing expenses. The re-issued Senior Secured Notes were recognized at fair value with a million premium less thousand of deferred issuance costs. Refer to Note 6 “Warrants and Derivatives” for further discussion regarding warrants and contingently issuable warrants and equity. On March 25, 2022, the Senior Secured Notes due 2026 note purchase agreement was amended to, among other things, (i) set the Rollover Debt for Lockheed Martin to $25 million, (ii) increase and set the Rollover Debt for Beach Point to $31.3 million, (iii) set the terms of the Rollover Debt to have substantially similar terms as the terms in the Francisco Partners Facility, excluding call protection and Rollover Debt for Beach Point bearing interest at 11.25% (9.25% of which is payable in cash and 2.0% of which is payable in kind), and (iv) cause the Rollover Debt for Beach Point to be subordinate to the Francisco Partners Facility. Upon closing of the Tailwind Two Merger, approximately $56.3 million of the Senior Secured Notes due 2026 remained outstanding as Rollover Debt while the remainder was repaid in connection with the Tailwind Two Merger. Prior to the March 25, 2022 amendment, the Senior Secured Notes due 2026 bore interest at the rate of per annum. The Senior Secured Notes due 2026 included certain escalations in interest rate that were not triggered as a result of the Tailwind Two Merger. Interest was payable on the Senior Secured Notes due 2026 beginning on March 8, 2022 and for each calendar quarter end thereafter until maturity. Prior to March 8, 2024 the Company has the option to pay the interest on the Senior Secured Notes due 2026 in-kind in lieu of cash, limited by the alignment of cash interest payments with the terms of cash interest payments under the FP Note Purchase Agreement. As of December 31, 2021, approximately $ 7.8 The Company, at its option, may prepay the Senior Secured Notes due 2026 at any time at 100% of the principal amount, plus accrued and unpaid interest. The Senior Secured Notes due 2026 are subject to mandatory prepayment by the Company upon (i) the occurrence of a qualified public offering of its stock or a business combination with a special purpose acquisition company, except as otherwise agreed to, and (ii) for so long as Lockheed Martin or any of its affiliates holds any portion of the Senior Secured Notes due 2026, in the event of a termination (other than by the Company due to an uncured breach by Lockheed Martin) of a strategic cooperation agreement between the Company and Lockheed Martin (the “Strategic Cooperation Agreement”) or a material breach by the Company of the Strategic Cooperation Agreement, subject to a 90 days grace period after the Company knows of such breach or receives written notice of such breach from Lockheed Martin. The Senior Secured Notes due 2026 do not have financial maintenance covenants and, unless an event of default has occurred and is continuing, there is no requirement to make any cash interest, amortization or maturity payments on or before March 8, 2024, except for the alignment of cash interest payments with the terms of cash interest payments under the FP Note Purchase Agreement. Convertible Notes due 2028 In 2018, the Company issued in a private offering an aggregate principal amount of $34 million of 3.05% Convertible Promissory Notes with a maturity date of July 23, 2028 (the “Convertible Notes due 2028”) pursuant to a convertible note purchase agreement, dated as of July 23, 2018, between the Company and three purchaser parties thereto (the “Convertible Note Purchase Agreement”), of which $33 million principal amount was issued on July 23, 2018 and $1 million principal amount was issued on August 2, 2018. The Company issued $31 million aggregate principal amount of Convertible Notes due 2028 for a cash purchase price of 100% and issued $3 million aggregate principal amount of Convertible Notes due 2028 in exchange for a previously issued and outstanding convertible security held by one of the purchasers. During March 2021, the Convertible Notes due 2028 were extinguished as part of the issuance of the Senior Secured Notes due 2026. The loss on extinguishment of debt totaled $70.6 million and included the recognition of warrants issued at fair value, the fair value adjustment related to the issuance of the Senior Secured Notes due 2026, the write-off Prior to extinguishment, the Company could, at its option, elect, in lieu of paying interest in cash, to pay interest in-kind, Prior to extinguishment, the Convertible Notes due 2028 were convertible into shares of the Company’s common stock at the holder’s election or could be prepaid in cash under certain circumstances at the election of the Company. The original conversion price per share was $38.85 for $31 million of original principal amount of the Convertible Notes due 2028 and $31.08 per share for $3 million of original principal amount of the Convertible Notes due 2028. The conversion price increased semi-annually by 1.05% per annum. The Company was not required to make any principal payments until maturity if the holder did not exercise its right to conversion. As part of the extinguishment of the Convertible Notes due 2028, the conversion feature was detached and issued as separate freestanding warrants. Refer to Note 6 “Warrants and Derivatives” for further discussion. The Convertible Notes due 2028 were unsecured obligations. The Convertible Note Purchase Agreement contained customary restrictive covenants, including restrictions on incurrence of debt and that the Company adheres to a number of reporting requirements. PPP Loan During May 2020, the Company received $2.5 million related to the origination of a loan pursuant to the U.S. Small Business Administration (“SBA”) Paycheck Protection Program under Title I of the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) (the “PPP Loan”). In June 2020, the terms of the PPP Loan were amended with the passing of the Paycheck Protection Program Flexibility Act (“PPPFA”). For any amounts that were unforgiven, the terms of the loan called for an interest rate of 1% and a maturity date of two years. During October 2020, the Company filed for forgiveness of the PPP Loan as 100% of the proceeds were utilized for qualified payroll and payroll related costs in accordance with the applicable provisions governing the PPP Loan. During June 2021, the SBA paid the lender the full amount of principal and interest on the PPP Loan. The Company recorded a gain on extinguishment of the PPP Loan of approximately $2.6 million in June 2021. There were no contractual principal or interest payments made by the Company prior to the forgiveness of the PPP Loan. Tyvak International Line of Credit On October 7, 2020, Tyvak International entered into a working capital line of credit with a maximum capacity of €300 thousand (the “Tyvak International Line of Credit”). The Company closed the Tyvak International Line of Credit in November 2021. There were no amounts outstanding under the Tyvak International Line of Credit as of December 31, 2020. Other As of December 31, 2021, the aggregate principal amount of outstanding debt has a contractual maturity during 2026. Interest on the Company’s long-term debt was $8.7 million and $1.1 million during 2021 and 2020, respectively, of which $1.3 million and $119 thousand was capitalized to construction in process during 2021 and 2020, respectively. In addition, interest expense included $236 thousand and $294 thousand related to the amortization of deferred issuance costs during 2021 and 2020, respectively, as well as $299 thousand related to the amortization of discount on debt during 2021. There was no amortization of discount on debt during 2020.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value of Financial Instruments	Note 7 Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market, or if none exists, the most advantageous market, for the specific asset or liability at the measurement date (the exit price). The fair value is based on assumptions that market participants would use when pricing the asset or liability. The fair values are assigned a level within the fair value hierarchy, depending on the source of the inputs into the calculation, as follows: • Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. • Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The carrying amounts of cash and equivalents, accounts receivable, contract assets, contract liabilities, and accounts payable approximate fair values due to the short-term maturities of these financial instruments. Warrant and Derivative Liabilities As a result of the Tailwind Two Merger, the fair value measurements related to warrants and derivatives during the three months ended March 31, 2022 were primarily based on the quoted market price of Terran Orbital Corporation’s common stock and Public Warrants. The final fair values of the Inducement Warrants, Combination Equity and FP Combination Equity were based on the number of shares of Terran Orbital Corporation common stock issued as part of the Tailwind Two Merger and the price per share of Terran Orbital Corporation’s common stock as of the Tailwind Two Merger and represent Level 1 fair value measurements. The fair value of the Public Warrants was based on the quoted market price of the Public Warrants as of each valuation date and represents a Level 1 fair value measurement. As the Private Placement Warrants are similar to the Public Warrants, the fair value of the Private Placement Warrants was based on the quoted market price of the Public Warrants as of each valuation date and represents a Level 2 fair value measurement. The fair values of the Combination Warrants and FP Combination Warrants were derived using the Black-Scholes option pricing model and a lattice model, respectively, with the following significant inputs and assumptions as of the valuation date: (i) the price per share of Terran Orbital Corporation’s common stock, (ii) the exercise price, (iii) the risk-free interest rate, (iv) the dividend yield, (v) the contractual term, and (vi) the estimated volatility. In addition, as a result of the FP Combination Warrants put feature, the valuation also considers counterparty credit spread based on an estimated credit rating of CCC and below. The resulting fair values represent Level 3 fair value measurements. Long-term Debt The following table presents the total net carrying amount and estimated fair value of the Company’s long-term debt instruments, excluding finance leases, as of the dates presented: March 31, 2022 December 31, 2021 (in thousands) Carrying Fair Value Carrying Fair Value Long-term debt $ 91,264 $ 173,524 $ 115,095 $ 124,221 PIPE Investment Obligation 11,131 25,075 — — As of March 31, 2022, the fair value of the Company’s long-term debt related to the Francisco Partners Facility, Lockheed Martin Rollover Debt, and Beach Point Rollover Debt was estimated using a lattice model with the following significant inputs and assumptions: (i) time to maturity, (ii) coupon rate, (iii) discount rate based on an estimated credit rating of CCC and below, (iv) risk-free interest rate, and (v) contractual features such as prepayment options, call premiums and default provisions. The fair value of long-term debt related to the PIPE Investment Obligation was estimated using the discounted cash flow valuation method applied to the sixteen quarterly payments using a discount rate based on a risk-free rate derived from constant maturity yields ranging plus a credit risk derived from an estimated credit rating of CCC and below. The resulting fair values represent Level 3 fair value measurements.	Note 7 Fair Value of Financial Instruments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants in the principal market, or if none exists, the most advantageous market, for the specific asset or liability at the measurement date (the exit price). The fair value is based on assumptions that market participants would use when pricing the asset or liability. The fair values are assigned a level within the fair value hierarchy, depending on the source of the inputs into the calculation, as follows: • Level 1: Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. • Level 2: Inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. • Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. The carrying amounts of cash and equivalents, accounts receivable, contract assets, contract liabilities, and accounts payable approximate fair values due to the short-term maturities of these financial instruments. Additionally, the carrying amount of the PPP Loan approximated fair value due to the short-term maturity and nominal interest rate. Warrant and Derivative Liabilities The fair values of the Company’s warrant and derivative liabilities are largely based on the fair value of the Company’s common stock. In the absence of a public market for the Company’s common stock, the valuation of the Company’s common stock has been determined using an option pricing model, which is used to allocate the total enterprise value of the Company to the different classes of equity as of the valuation date. The significant assumptions used in the option pricing model include: (i) total enterprise value of the Company based on the guideline publicly-traded company method, guideline transaction method, market calibration method and discounted cash flow method; (ii) liquidation preferences, conversion values, and participation thresholds of different equity classes; (iii) probability-weighted time to a liquidity event; (iv) expected volatility based upon the historical and implied volatility of common stock for the Company’s selected peers; (v) expected dividend yield of zero as the Company does not have a history or plan of declaring dividends on its common stock; (vi) risk-free interest rate based on U.S. treasury bonds with a zero-coupon The fair value of the Inducement Warrants was derived using a lattice model with the following significant inputs and assumptions as of the valuation date: (i) the estimated value of the Company’s common stock using the option pricing model described above, (ii) the exercise price, (iii) the risk-free interest rate, (iv) the dividend yield, (v) the remaining contractual term, (vi) the estimated volatility, (vii) the estimated counterparty credit spread based on an estimated credit rating of CCC and below, (viii) the implied valuation, timing, and probability of closing the Tailwind Two Merger, and (ix) a discount for the lack of marketability of the Company’s common stock. The resulting fair values represent Level 3 fair value measurements. The fair values of the Pre-Combination Pre-Combination Contingently Issuable Warrants and Equity The Company’s contingently issuable warrants and equity represent derivatives issued and outstanding for accounting purposes but are contingently issuable upon closing of the Tailwind Two Merger. The fair values of the Combination Warrants and FP Combination Warrants were derived using the Black-Scholes option pricing model and a lattice model, respectively, with the following significant inputs and assumptions as of the valuation date: (i) the price per share of Tailwind Two’s common stock, (ii) the exercise price, (iii) the risk-free interest rate, (iv) the dividend yield, (v) the contractual term, (vi) the estimated volatility, (vii) the probability of closing the Tailwind Two Merger, and (viii) the estimated redemption rate of Tailwind Two’s public shareholders. In addition, as a result of the FP Combination Warrants put feature, the valuation also considers counterparty credit spread based on an estimated credit rating of CCC and below. The resulting fair values represent Level 3 fair value measurements. The fair values of the Combination Equity and FP Combination Equity were derived using the following significant inputs and assumptions as of the valuation date: (i) the price per share of Tailwind Two’s common stock, (ii) the probability of closing the Tailwind Two Merger, and (iii) the estimated redemption rate of Tailwind Two’s public shareholders. The resulting fair values represent a Level 3 fair value measurement. The assumptions underlying the above valuations represented the Company’s best estimate, which involved inherent uncertainties and the application of the Company’s judgment. If the Company had used different assumptions or estimates, the fair values above could have been materially different. Long-term Debt The following table presents the total net carrying amount and estimated fair value of the Company’s long-term debt instruments, excluding finance leases and the PPP Loan, as of the periods presented: December 31, 2021 December 31, 2020 (in thousands) Carrying Fair Value Carrying Fair Value Long-term debt $ 115,095 $ 124,221 $ 34,446 $ 106,679 As of December 31, 2021, the fair value of the Company’s long-term debt was related to the Pre-Combination As of December 31, 2020, the fair value of the Company’s long-term debt was related to the Convertible Notes due 2028. Due to the conversion feature of the Convertible Notes due 2028, the estimated fair value of the Convertible Notes due 2028 was determined using a lattice model with consideration of the value of the Company’s common stock as described above. The fair value of the Convertible Notes due 2028 represents a level 3 fair value measurement.
Tailwind Two Acquisition Corp [Member]
Fair Value of Financial Instruments		NOTE 9. FAIR VALUE MEASUREMENTS The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities: Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability. The Company classifies its U.S. Treasury and equivalent securities as held-to-maturity Held-to-maturity Held-to-maturity At December 31, 2021, assets held in the Trust Account were comprised of $1,188 in cash and $345,088,635 in U.S. Treasury securities. During the year ended December 31, 2021, the Company did not withdraw any interest income from the Trust Account. The following table presents information about the gross holding gain and fair value of held-to-maturity Held-To-Maturity Amortized Cost Gross Holding Gain Fair Value December 31, 2021 U.S. Treasury Securities (Mature on 01/04/2022) (1) $ 345,088,635 $ 1,365 $ 345,090,000 (1) On January 4, 2022, the U.S. Treasury Securities matured and were reinvested on similar instruments. As of the date of these financial statements, the U.S. Treasury Securities held by the company are set to mature on May 19, 2022. The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2021, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Description Level December 31, 2021 Liabilities: Warrant Liability – Public Warrants 1 $ 9,775,000 Warrant Liability – Private Placement Warrants 2 $ 6,630,000 Initially, the Warrants were valued using a binomial lattice model, which is considered to be a Level 3 fair value measurement. The binomial lattice model’s primary unobservable input utilized in determining the fair value of the Warrants is the expected volatility of the ordinary shares. The expected volatility as of the Initial Public Offering date was derived from observable public warrant pricing on comparable ‘blank-check’ companies without an identified target. For periods subsequent to the detachment of the Public Warrants from the Units, the close price of the Public Warrant price was used as the fair value as of each relevant date. The subsequent measurements of the Public Warrants after the detachment of the Public Warrants from the Units are classified as Level 1 due to the use of an observable market quote in an active market. The subsequent measurements of the Private Placement Warrants after the detachment of the Public Warrants from the Units are classified as Level 2 due to the use of an observable market quote for a similar asset in an active market. The following table presents the changes in the fair value of warrant liabilities (level 3 measurements): Private Placement Public Warrant Liabilities Fair value as of January 1, 2021 $ — $ — $ — Initial measurement on March 9, 2021 7,644,000 11,270,000 18,914,000 Change in fair value 156,000 230,000 386,000 Transfer to Level 1 — (11,500,000 ) (11,500,000 ) Transfer to Level 2 (7,800,000 ) — (7,800,000 ) Fair value as of December 31, 2021 $ — $ — $ — Transfers to/from Levels 1, 2 and 3 are recognized at the end of the reporting period in which a change in valuation technique or methodology occurs. The estimated fair value of the Public Warrants transferred from a Level 3 measurement to a Level 1 fair value measurement during the year ended December 31, 2021 was $11,500,000. The estimated fair value of the Private Warrants transferred from a Level 3 measurement to a Level 2 fair value measurement during the year ended December 31, 2021 was $7,800,000.

Warrants and Derivatives

Warrants and Derivatives	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Disclosure of Warrants and Derivatives [Abstract]
Warrants and Derivatives	Note 6 Warrants and Derivatives The Company’s warrants and derivatives consist of freestanding financial instruments issued in connection with the Company’s debt and equity financing transactions. The Company does not have any derivatives designated as hedging instruments. For each freestanding financial instrument, the Company evaluates whether it represents a liability-classified financial instrument within the scope of ASC 480, or either a liability-classified or equity-classified financial instrument within the scope of ASC 815, Derivatives and Hedging Warrants and derivatives classified as liabilities are recognized at fair value in the condensed consolidated balance sheets and are remeasured at fair value as of each reporting period with changes in fair value recorded in the condensed consolidated statements of operations and comprehensive loss. Warrants and derivatives classified as equity are recognized at fair value in additional paid-in Liability-classified Warrants and Derivatives The fair values of liability-classified warrants recorded in warrant liabilities on the condensed consolidated balance sheets as of the presented dates were as follows: (in thousands, except share and per share amounts) Number of March 31, Issuance Maturity Exercise March 31, December 31, Inducement Warrants — March 2021 March 2041 $ 0.01 $ — $ 5,631 Public Warrants 11,499,960 March 2021 March 2027 $ 11.50 5,750 — Private Placement Warrants 7,800,000 March 2021 March 2027 $ 11.50 3,900 — FP Combination Warrants 8,291,704 March 2022 March 2027 $ 10.00 25,966 — Warrant liabilities 27,591,664 $ 35,616 $ 5,631 The fair values of liability-classified warrants and derivatives recorded in accrued expenses and other current liabilities on the consolidated balance sheets as of the presented dates were as follows: (in thousands) March 31, 2022 December 31, FP Pre-Combination $ — $ 2,546 Pre-Combination — 849 FP Combination Warrants — 27,682 Combination Warrants — 7,602 FP Combination Equity — 24,110 Combination Equity — 5,729 Current warrant and derivative liabilities $ — $ 68,518 The changes in fair value of liability-classified warrants and derivatives during the three months ended March 31, 2022 were as follows: (in thousands) Current Warrant and Derivative Liabilities Warrant Liabilities Total Beginning balance $ 68,518 $ 5,631 $ 74,149 Initial recognition from Tailwind Two Merger — 13,124 13,124 Change in fair 13,342 (1,489 ) 11,853 Reclassification of current warrant and derivative liabilities to warrant liabilities (25,966 ) 25,966 — Reclassification of liability-classified warrants and derivatives to equity-classified (11,007 ) — (11,007 ) Net settlement of liability-classified warrants into common stock — (7,616 ) (7,616 ) Issuance of contingently issuable shares (44,887 ) — (44,887 ) Ending balance $ — $ 35,616 $ 35,616 Inducement Warrants During the three months ended March 31, 2021, warrants issued by Legacy Terran Orbital in connection with the issuance of the Senior Secured Notes due 2026 (the “Inducement Warrants”) were recognized at a fair value of $4.4 million in the condensed consolidated balance sheets, of which $2.5 million were recognized as discount on debt from the issuance of the Senior Secured Notes due 2026 and $1.9 million were recognized as a component of loss on extinguishment of debt in connection with the extinguishment of convertible notes. The change in fair value of the Inducement Warrants was not material during the three months ended March 31, 2021. As part of the Tailwind Two Merger, all of the Inducement Warrants were ultimately net settled into approximately 695 thousand shares of Terran Orbital Corporation’s common stock. As a result of the net settlement of the Inducement Warrants, the Company reclassified the fair value of the Inducement Warrants as of the Tailwind Two Merger of $7.6 million to additional paid-in Francisco Partners Warrants and Derivatives As part of the Francisco Partners Facility, the Company issued warrants to Francisco Partners in November 2021 to purchase 1.5% of the fully diluted shares of Legacy Terran Orbital’s common stock (the “FP Pre-Combination Pre-Combination As additional consideration for the Francisco Partners Facility in November 2021, the Company committed to the issuance of (i) an equity grant package equal to 1.5% of the fully diluted shares of Terran Orbital Corporation’s common stock outstanding as of immediately following the closing of the Tailwind Two Merger, plus an additional one million shares of Terran Orbital Corporation’s common stock (the “FP Combination Equity”), and (ii) warrants to purchase 5.0% of the Terran Orbital Corporation’s common stock on a fully diluted basis as of immediately following the closing of the Tailwind Two Merger at a strike price of $10.00 per share, redeemable at the option of Francisco Partners for $25 million on the third anniversary of the closing of the Tailwind Two Merger, and expiring on March 25, 2027 (the “FP Combination Warrants”). The FP Combination Equity and the FP Combination Warrants were contingently issuable upon closing of the Tailwind Two Merger. Upon consummation of the Tailwind Two Merger, approximately 3.3 million shares of the Company’s common stock were issued related to the FP Combination Equity, resulting in the reclassification of the fair value of the FP Combination Equity as of the Tailwind Two Merger of $36.4 million to additional paid-in Pre-Combination Upon initial funding of the Francisco Partners Facility and in connection with the amendment to the Senior Secured Notes due 2026 note purchase agreement in November 2021, the Company issued warrants to each of Lockheed Martin and Beach Point to purchase 0.25% of the fully diluted shares of Legacy Terran Orbital’s common stock on the same valuation and terms and conditions as the FP Pre-Combination “Pre-Combination Pre-Combination In November 2021, the Company committed to issue to each of Lockheed Martin and Beach Point (i) an equity grant package equal to 0.25% of the fully diluted shares of Terran Orbital Corporation’s common stock outstanding as of immediately following the closing of the Tailwind Two Merger (the “Combination Equity”), and (ii) warrants to purchase 0.83333% of Terran Orbital Corporation’s common stock on a fully diluted basis as of immediately following the closing of the Tailwind Two Merger at a strike price of $10.00 per share expiring on March 25, 2027 (the “Combination Warrants”). The Combination Equity and the Combination Warrants were contingently issuable upon closing of the Tailwind Two Merger. Upon consummation of the Tailwind Two Merger, approximately 774 thousand shares of the Company’s common stock were issued related to the Combination Equity, resulting in the reclassification of the fair value of the Combination Equity as of the Tailwind Two Merger of $8.5 million to additional paid-in paid-in Public Warrants As part of the Tailwind Two Merger, the Company assumed outstanding warrants giving the holders the right to purchase an aggregate of 11.5 million shares of the Company’s common stock for $11.50 per share (the “Public Warrants”). The Public Warrants became exercisable on April 24, 2022, 30 days after the completion of the Tailwind Two Merger, and will expire five years from the completion of the Tailwind Two Merger. The Company will not be obligated to deliver any shares of common stock pursuant to the exercise of a Public Warrant and will have no obligation to settle such warrant exercise unless a registration statement with respect to the shares underlying the warrants is then effective and a related prospectus is current, unless a valid exemption from registration is available. No Public Warrant will be exercisable for cash or on a cashless basis and the Company will not be obligated to issue shares upon exercise of a Public Warrant unless the underlying shares have been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. On April 22, 2022, the Company filed the Form S-1 S-1 Once the Public Warrants become exercisable, the Company may redeem the outstanding warrants when the price per share of the Company’s common stock equals or exceeds $18.00 as follows: • in whole and not in part; • at a price of $0.01 per warrant; • upon not less than of 30 days’ prior written notice of redemption to each warrant holder; and • if, and only if, the closing price of the Company’s shares of common stock equals or exceeds $18.00 per share (as adjusted) for any 20 trading days within a 30-trading In addition, once the Public Warrants become exercisable, the Company may redeem the outstanding warrants when the price per share of the Company’s common stock equals or exceeds $10.00 as follows: • in whole and not in part; • at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined based on the redemption date and the fair market value of the Company’s shares of common stock; • if, and only if, the closing price of the Company’s shares of common stock equals or exceeds $10.00 per share (as adjusted) for any 20 trading days within the 30-trading • if the closing price of the Company’s shares of common stock for any 20 trading days within a 30-trading If and when the Public Warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. If the Company calls the Public Warrants for redemption, as described above, the Company will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of common shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the Public Warrants will not be adjusted for issuances of common shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. Private Placement Warrants As part of the Tailwind Two Merger, the Company assumed outstanding warrants that were previously issued in a private placement and that give the holders thereof the right to purchase an aggregate of 7.8 million shares of the Company’s common stock for $11.50 per share (the “Private Placement Warrants”). The Private Placement Warrants are identical to the Public Warrants, except that the Private Placement Warrants and the common shares issuable upon their exercise will not be transferable, assignable or salable until 30 days after the completion of the Tailwind Two Merger. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable, Equity-classified Warrants Detachable Warrants During the three months ended March 31, 2021, warrants issued by Legacy Terran Orbital in connection with the extinguishment of convertible notes (the “Detachable Warrants”) were recognized at a fair value of $68.4 million in additional paid-in As part of the Tailwind Two Merger, all of the Detachable Warrants were ultimately net settled into approximately 22.3 million shares of the Terran Orbital	Note 6 Warrants and Derivatives The Company’s warrants and derivatives consist of freestanding financial instruments issued in connection with the Company’s debt and equity financing transactions. The Company does not have any derivatives designated as hedging instruments. For each freestanding financial instrument, the Company evaluates whether it represents a liability-classified financial instrument within the scope of ASC 480 Distinguishing Liabilities ASC 815 Derivatives and Hedging Warrants and derivatives classified as liabilities are recognized at fair value in the consolidated balance sheets and are remeasured at fair value as of each reporting period with changes in fair value recorded in the consolidated statements of operations and comprehensive loss. Warrants and derivatives classified as equity are recognized at fair value in additional paid-in Liability-classified Warrants and Derivatives The fair values of liability-classified warrants and derivatives recorded in warrant liabilities on the consolidated balance sheets as of December 31, 2021 were as follows: (in thousands, except share amounts) Number of Issuance Maturity Fair Value Inducement Warrants 17,230 March 2021 March 2041 $ 5,631 Warrant liabilities $ 5,631 The fair values of liability-classified warrants and derivatives recorded in accrued expenses and other current liabilities on the consolidated balance sheets as of December 31, 2021 were as follows: (in thousands) Fair Value FP Pre-Combination Warrants $ 2,546 Pre-Combination Warrants 849 FP Combination Warrants 27,682 Combination Warrants 7,602 FP Combination Equity 24,110 Combination Equity 5,729 Current warrant and derivative liabilities $ 68,518 The changes in fair value of liability-classified warrants and derivatives during 2021 were as follows: (in thousands) Current Warrant Warrant Total Beginning balance $ — $ — $ — Initial recognition from discount on debt 14,240 2,519 16,759 Initial recognition from deferred debt commitment costs 42,247 — 42,247 Initial recognition from loss on extinguishment of debt 15,002 1,857 16,859 Change in fair value of warrant and derivative liabilities (2,971 ) 1,255 (1,716 ) Ending balance $ 68,518 $ 5,631 $ 74,149 Inducement Warrants In connection with the issuance of the Senior Secured Notes due 2026, the Company issued warrants to the note holders to purchase 0.34744% of the Company’s common stock for $0.01 per share or to receive a cash payment of approximately $7 million if the warrants are not exercised prior to maturity or repayment of the Senior Secured Notes due 2026 (the “Inducement Warrants”). The Inducement Warrants were recognized at a fair value of $4.4 million in the consolidated balance sheets, of which $2.5 million were recognized as discount on debt from the issuance of the Senior Secured Notes due 2026 and $1.9 million were recognized as a component of loss on extinguishment of debt in connection with the extinguishment of the Convertible Notes due 2028. The issuance costs related to the Inducement warrants were not material. In connection with the Merger Agreement, holders of the Inducement Warrants were entitled to receive an additional 0.18708% of the Company’s common stock immediately prior to the Tailwind Two Merger in exchange for waiving their cash redemption rights. As part of the Tailwind Two Merger, all of the Inducement Warrants were net settled into 25,190 thousand shares of the Company’s common stock prior to the exchange into New Terran Orbital common stock. Francisco Partners Warrants and Derivatives As part of the Francisco Partners Facility, the Company issued warrants to Francisco Partners to purchase 1.5% of the fully diluted shares of the Company’s common stock for $0.01 per share, exercisable within 30 days following the termination of the Merger Agreement (the “FP Pre-Combination Pre-Combination Pre-Combination Pre-Combination As additional consideration for the Francisco Partners Facility, the Company committed to the issuance of (i) an equity grant package equal to 1.5% of the fully diluted shares of New Terran Orbital’s common stock outstanding as of immediately following the closing of the Tailwind Two Merger, plus an additional 1.0 million shares of New Terran Orbital common stock (the “FP Combination Equity”), and (ii) warrants to purchase 5.0% of New Terran Orbital’s common stock on a fully diluted basis as of immediately following the closing of the Tailwind Two Merger at a strike price of $10.00 per share, redeemable at the option of Francisco Partners for $25 million on the third anniversary of the closing of the Tailwind Two Merger (the “FP Combination Warrants”). The FP Combination Equity and the FP Combination Warrants were contingently issuable upon closing of the Tailwind Two Merger. The FP Combination Equity and the FP Combination Warrants were recognized at a fair value of $25 million and $29 million, respectively, in accrued expenses and other current liabilities on the consolidated balance sheets, a portion of which were recognized as a discount on debt from the issuance of the Pre-Combination The issuance costs related to the FP Pre-Combination As consideration for the amendment to the FP Note Purchase Agreement on March 25, 2022, Francisco Partners received an additional 1.9 million shares of New Terran Orbital’s common stock, of which 425,000 shares were provided by sponsor shares of Tailwind Two. In connection with the Tailwind Two Merger, approximately 5.2 million shares of New Terran Orbital common stock were issued related to the FP Combination Equity, inclusive of the incremental 1.9 Pre-Combination Upon funding of the Pre-Combination Pre-Combination “Pre-Combination Pre-Combination Pre-Combination In connection to the Merger Agreement and the Rollover Debt, the Company committed to each of Lockheed Martin and Beach Point the issuance of (i) an equity grant package equal to 0.25% of the fully diluted shares of New Terran Orbital’s common stock outstanding as of immediately following the closing of the Tailwind Two Merger (the “Combination Equity”), and (ii) warrants to purchase 0.83333% of New Terran Orbital’s common stock on a fully diluted basis as of immediately following the closing of the Tailwind Two Merger at a strike price of $10.00 per share with a term of 5 years (the “Combination Warrants”). The Combination Equity and the Combination Warrants were contingently issuable upon closing of the Tailwind Two Merger. The Combination Equity and the Combination Warrants were recognized at fair values of $6.0 million and $8.1 million, respectively, in accrued expenses and other current liabilities on the consolidated balance sheets and as a component of loss on extinguishment of debt in the consolidated statements of operations and comprehensive loss. The issuance costs related to the Pre-Combination As consideration for the amendment to the Senior Secured Notes due 2026 note purchase agreement on March 25, 2022, Beach Point received an additional 2.4 million shares of New Terran Orbital’s common stock, of which 100,000 shares were provided by sponsor shares of Tailwind Two. In connection with the Tailwind Two Merger, approximately 3.2 million shares of New Terran Orbital common stock were issued related to the Combination Equity, inclusive of the incremental 2.4 million shares to Beach Point from the March 25, 2022 amendment, and 2.8 million warrants were issued related to the Combination Warrants. Equity-classified Warrants Detachable Warrants In connection with the extinguishment of the Convertible Notes due 2028, the Company issued detachable warrants to the note holders to purchase 943,612 shares of common stock at an average exercise price of $39.06 and an expiration date of July 23, 2028 (the “Detachable Warrants”). The Detachable Warrants were recognized at a fair value of $68.4 million in additional paid-in paid-in As part of the Tailwind Two Merger, all of the Detachable Warrants were net settled into 809,992 shares of the Company’s common stock prior to the exchange into New Terran Orbital common stock. The Company estimated the fair value of the Detachable Warrants using the Black-Scholes option-pricing model. The Black-Scholes option-pricing model considers the estimated fair value of the Company’s common stock as well as the expected term of the instrument of 7.4 years, the expected volatility of 103%, the expected dividend yield of zero and the risk-free interest rate of 1.15%. In the absence of a public market for the Company’s common stock, the valuation of the Company’s common stock has been determined using an option pricing model. Refer to Note 7 “Fair Value of Financial Instruments” for further discussion regarding the valuation of the Company’s common stock using an option pricing model.

Mezzanine Equity and Shareholde

Mezzanine Equity and Shareholders' Deficit	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Temporary and Stockholders Equity Note Disclosure [Abstract]
Mezzanine Equity and Shareholders' Deficit	Note 8 Mezzanine Equity and Shareholders’ Deficit Significant changes in the Company’s mezzanine equity and shareholders’ deficit during the three months ended March 31, 2022 were as follows: Common Stock Subsequent to the Tailwind Two Merger, the Company is authorized to issue up to 300 million shares of common stock with a par value of $0.0001 per share. Each share of common stock entitles the shareholder to one vote. The Company issued 11 million shares of common stock in exchange for the net assets of Tailwind Two recognized at historical cost in connection with the Tailwind Two Merger and issued 5.1 million shares of common stock in connection with the PIPE Investment. The Tailwind Two Merger and PIPE Investment resulted in allocated cash proceeds of $58.4 million with aggregate allocated third-party issuance costs of $48.4 million and the assumption of the Public Warrants and Private Placement Warrants with an aggregate fair value of $13.1 million. PredaSAR Merger During the three months ended March 31, 2021, the Company entered into an agreement with non-controlling The PredaSAR Merger resulted in PredaSAR becoming a wholly-owned subsidiary of Legacy Terran Orbital. Accordingly, non-controlling paid-in paid-in Preferred Stock Subsequent to the Tailwind Two Merger, the Company is authorized to issue up to 50 million shares of preferred stock with a par value of $0.0001 per share. There were no shares of preferred stock issued and outstanding as of March 31, 2022. As part of the Tailwind Two Merger, all of the convertible preferred stock of Legacy Terran Orbital (the “Series A Preferred Stock”) was ultimately converted into approximately 10.9 million shares of Terran Orbital Corporation’s common stock. As a result of the conversion of the Series A Preferred Stock, the Company reclassified the amount of Series A Preferred Stock to additional paid-in	Note 8 Mezzanine Equity and Shareholders’ Deficit Common Stock In October 2021, the Company amended its certificate of incorporation to increase the number of authorized shares of common stock from 5,000,000 to 5,500,000 in connection with the Tailwind Two Merger. The company’s shares of common stock have a par value of $0.0001 per share and entitle shareholders to one vote for each share. Redeemable Convertible Preferred Stock As of December 31, 2021 and 2020, the Company was authorized to issue 744,130 shares of convertible preferred stock with a par value of $0.0001 per share (the “Series A Preferred Stock”), of which 396,870 shares were issued and outstanding. The Series A Preferred Stock was issued in July 2017 at an original issue price per share of $20.1578 (the “Original Issue Price”), which resulted in gross proceeds of $8 million. The Company concluded there is an instance within scope of ASC 480, Distinguishing Liabilities from Equity As part of the Tailwind Two Merger, all of the Series A Preferred Stock was net settled into 396,870 shares of the Company’s common stock prior to the exchange into New Terran Orbital common stock. Prior to the Tailwind Two Merger and from the date of issuance of any shares of Series A Preferred Stock, dividends at the rate per annum of 8.00% on the Original Issue Price were to be paid on each share of Series A Preferred Stock if and when declared by the Board of Directors. The Series A Preferred Stock had a preference right, but not a participation right, in that the Company could not declare, pay or set aside any dividends on shares of any other class or series of capital stock of the Company (other than dividends on shares of common stock payable in shares of common stock) in any year unless the holders of the Series A Preferred Stock then outstanding first receive, or simultaneously receive for such year, a dividend on each outstanding share of Series A Preferred Stock in an amount at least equal to 8.00 Each share of Series A Preferred Stock was convertible, at the option of the holder, at any time, and without the payment of additional consideration by the holder, into such number of fully paid and non-assessable In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Company or a deemed liquidation event, the holders of shares of Series A Preferred Stock then outstanding were be entitled to be paid out of the assets of the Company available for distribution to its shareholders before any payment was to be made to the holders of common stock by reason of their ownership thereof, an amount per share equal to the Original Issue Price together with dividends declared but unpaid thereon (the “Series A Preferred Stock Liquidation Preference”). After the payment of the preferential Series A Preferred Stock Liquidation Preference, the remaining assets of the Company would be distributed to holders of common stock. Beginning on June 26, 2022, and so long as there were no Convertible Notes due 2028 outstanding, the majority holders of the Series A Preferred Stock had the right to cause the Company to redeem all shares of Series A Preferred Stock out of funds lawfully available therefor by delivering written notice to the Company. Redemption would have occurred over three annual installments commencing not more than 60 days after receipt of such notice at a redemption price that approximates the Series A Preferred Stock Liquidation Preference. In connection with the issuance of the Senior Secured Notes due 2026, the Company amended and restated its Certificate of Incorporation to, among other things, amend the mandatory redemption and conversion provisions of the Series A Preferred Stock. The mandatory redemption provision was amended to provide that the right of the holders of Series A Preferred Stock to redemption would not be exercisable so long as any of the Senior Secured Notes due 2026 were outstanding. The mandatory conversion provision was amended to provide that in addition to the existing conversion events, a business combination with a special purpose acquisition company or similar entity whose shares are registered and publicly listed on a principal exchange and that (i) generates at least $200 million in cash proceeds to the Company and (ii) with a price per share of at least three times the Original Issue Price would have triggered automatic conversion of the Series A Preferred Stock. Each holder of outstanding shares of Series A Preferred Stock had voting rights equal to the number of whole shares of common stock into which the shares of Series A Preferred Stock held by such holder are convertible as of the date such vote would take place. For voting on all matters presented to shareholders, the votes of holders of Series A Preferred Stock were counted together with those of holders of common stock as a single class. The prior consent of the holders of Series A Preferred Stock voting as a single class was required with respect to a number of enumerated protective provisions relating to material actions or transactions involving the Company. So long as any shares of Series A Preferred Stock were outstanding, the holders thereof voting as a separate class were entitled to elect two directors of the Company; provided that Astrolink International, LLC (“Astrolink”) had the right to designate one of these two directors so long as it holds any shares of Series A Preferred Stock. Non-controlling Terran Orbital Corporation owned 65,000 shares of PredaSAR’s common stock, representing 100% of the issued and outstanding shares of common stock of PredaSAR. On November 1, 2019, the board of directors of PredaSAR authorized the issuance of 25,000 shares of preferred stock with a par value of $0.01 per share and designated as the Series Seed Preferred Stock (the “Series Seed Preferred Stock”), which represented a 27.8% equity interest in PredaSAR on an “as converted” basis. The Company concluded there were no circumstances within scope of ASC 480, Distinguishing Liabilities from Equity non-controlling During 2019, PredaSAR issued 9,810 shares of Series Seed Preferred Stock to outside investors at $1,000 per share (the “Series Seed Original Issue Price”), raising gross proceeds of $9.8 million. During 2020, PredaSAR issued an additional 15,190 shares of Series Seed Preferred Stock to outside investors at the Series Seed Original Issue Price, raising gross proceed of $15.2 million, bringing total proceeds raised from Series Seed Preferred Stock issuances to $25 million. In connection with these issuances, PredaSAR incurred $0.5 million and $0.7 million of issuance costs in 2019 and 2020, respectively. The capital was raised to fund PredaSAR’s satellite constellation development plans and for other general corporate purposes. As of December 31, 2020, 25,000 shares of Series Seed Preferred Stock were issued and outstanding. On February 26, 2021, the Company entered into an agreement with non-controlling The PredaSAR Merger resulted in PredaSAR becoming a wholly-owned subsidiary of Terran Orbital Corporation. Accordingly, non-controlling paid-in paid-in Prior to the PredaSAR Merger and from the date of issuance of any shares of Series Seed Preferred Stock, dividends at the rate per annum of 8.00% on the Series Seed Original Issue Price were to be paid on each share of Series Seed Preferred Stock if and when declared by the board of directors of PredaSAR. The Series Seed Preferred Stock had a preference right, but not a participation right, in that PredaSAR could not declare, pay or set aside any dividends on shares of any other class or series of capital stock of PredaSAR (other than dividends on shares of its common stock payable in shares of its common stock) in any year unless the holders of the Series Seed Preferred Stock then outstanding first receive, or simultaneously receive for such year, a dividend on each outstanding share of Series Seed Preferred Stock in an amount at least equal to 8.00% of the Series Seed Original Issue Price per share of Series Seed Preferred Stock. The foregoing dividend was not cumulative. There were no dividends declared by PredaSAR during 2021 or 2020. Each share of Series Seed Preferred Stock was convertible, at the option of the holder, at any time, and without the payment of additional consideration by the holder, into such number of fully paid and non-assessable In the event of any voluntary or involuntary liquidation, dissolution or winding up of PredaSAR or deemed liquidation event, the holders of shares of Series Seed Preferred Stock then outstanding were be entitled to be paid out of the assets of PredaSAR available for distribution to its shareholders before any payment was made to the holders of its common stock by reason of their ownership thereof, an amount per share equal to the Series Seed Original Issue Price together with dividends declared but unpaid thereon (the “Series Seed Preferred Stock Liquidation Preference”). After the payment of the preferential Series Seed Liquidation Preference, the remaining assets of PredaSAR would be distributed to holders of PredaSAR common stock. Each holder of outstanding shares of Series Seed Preferred Stock had voting rights equal to the number of whole shares of common stock into which the shares of Series Seed Preferred Stock held by such holder were convertible as of the date such vote would take place. For voting on all matters presented to shareholders, the holders of Series Seed Preferred Stock votes were counted together with the holders of PredaSAR’s common stock as a single class. The prior consent of the holders of Series Seed Preferred Stock voting as a single class was required with respect to a number of enumerated protective provisions relating to material actions or transactions involving PredaSAR. So long as any shares of Series Seed Preferred Stock were outstanding, the holders thereof voting as a separate class were entitled to elect one of the five directors of PredaSAR.

PRIVATE PLACEMENT

PRIVATE PLACEMENT	12 Months Ended
	Dec. 31, 2021
Tailwind Two Acquisition Corp [Member]
PRIVATE PLACEMENT	NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 7,800,000 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, for an aggregate purchase price of $11,700,000, in a private placement. Each Private Placement Warrant is exercisable to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment (see Note 8). A portion of the proceeds from the Private Placement Warrants were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
RELATED PARTY TRANSACTIONS	Note 13 Related Party Transactions Lockheed Martin Lockheed Martin, directly and through its wholly-owned subsidiary Astrolink International, LLC (“Astrolink”), is a significant holder of debt and equity instruments in the Company. On June 26, 2017, the Company entered into the strategic cooperation agreement with Lockheed Martin (the “Strategic Cooperation Agreement”) pursuant to which the parties agreed to (i) collaborate on the development, production and sale of satellites for use in U.S. Government spacecraft and spacecraft procurements and (ii) establish a cooperation framework to enable the parties to enter into projects, research and development agreements and other collaborative business arrangements and “teaming activities.” In connection with the issuance of the Senior Secured Notes due 2026, the Company and Lockheed Martin amended and restated the Strategic Cooperation Agreement to, among other things, extend the term to March 8, 2026. In connection with the Merger Agreement, the Strategic Cooperation Agreement was further amended and restated to extend the term to October 28, 2030 and was subsequently extended for an additional twelve months to October 28, 2031 in March 2022 pursuant to existing contractual terms. Refer to Note 5 “Debt” and Note 6 “Warrants and Derivatives” for further discussion regarding debt and equity transactions with Lockheed Martin. The Company recognized revenue from Lockheed Martin of $10.3 million and $3.8 million during the three months ended March 31, 2022 and 2021, respectively. In addition, the Company had accounts receivables due from Lockheed Martin of $15.2 million and $530 thousand as of March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022 and December 31, 2021, programs associated with Lockheed Martin represented approximately 86% and 56% of the Company’s remaining performance obligations, respectively. GeoOptics, Inc. The Company owns a non-controlling The Company recognized revenue from GeoOptics of $501 thousand and $320 thousand during the three months ended March 31, 2022 and 2021, respectively. In addition, the Company had accounts receivables due from GeoOptics of $637 thousand and $470 thousand as of March 31, 2022 and December 31, 2021, respectively. As of March 31, 2022 and December 31, 2021, programs associated with GeoOptics represented approximately 3% and 9% of the Company’s remaining performance obligations, respectively. Transactions with Chairman and CEO The Company leases office space in a building beneficially owned by its Chairman and CEO with a lease term of April 1, 2021 to March 31, 2026. The Company has a one-time five During the three months ended March 31, 2021, the Company’s Chairman and CEO was paid $125 thousand for consulting services. Beach Point Beach point is a significant holder of debt and equity instruments in the Company. Refer to Note 5 “Debt” and Note 6 “Warrants and Derivatives” for further discussion regarding debt and equity transactions with Beach Point. PIPE Investment Obligation The PIPE Investment Obligation represents a related party transaction. Refer to Note 5 “Debt” for further discussion.	Note 13 Related Party Transactions Lockheed Martin Corporation Strategic Cooperation Agreement On June 26, 2017, the Company entered into the Strategic Cooperation Agreement with Lockheed Martin pursuant to which the parties agreed to (i) collaborate on the development, production and sale of satellites for use in U.S. Government spacecraft and spacecraft procurements and (ii) establish a cooperation framework to enable the parties to enter into projects, research and development agreements and other collaborative business arrangements and “teaming activities.” In connection with the issuance of the Senior Secured Notes due 2026, the Company and Lockheed Martin amended and restated the Strategic Cooperation Agreement to, among other things, extend the term to March 8, 2026. In connection with the Merger Agreement, the Strategic Cooperation Agreement was further amended and restated to extend the term to October 28, 2030 and was subsequently extended for an additional twelve months in March 2022 pursuant to existing contractual terms. Revenue and Receivables The Company recognized revenue from Lockheed Martin of $20.6 million and $5.4 million during 2021 and 2020, respectively. In addition, the Company had accounts receivables due from Lockheed Martin of $530 thousand and $369 thousand as of December 31, 2021 and 2020, respectively. As of December 31, 2021, programs associated with Lockheed Martin represented approximately 56% of the Company’s remaining performance obligations. Debt and Equity Holdings Lockheed Martin, directly and through its wholly-owned subsidiary Astrolink, is a holder of debt and equity instruments in the Company. As of December 31, 2021, Lockheed Martin’s principal and accrued interest associated with the Senior Secured Notes due 2026 was $58.1 million. As of December 31, 2020, Lockheed Martin’s principal and accrued interest associated with the Convertible Notes due 2028 was $3.3 million. As of December 31, 2021 and 2020, Lockheed Martin held 347,261 shares of Series A Preferred Stock, representing a Series A Preferred Stock Liquidation Preference of $7 million. As of December 31, 2021, Lockheed Martin held (i) 10,571 Inducement Warrants with a fair value of $3.5 million, (ii) 12,398 Pre-Combination of respectively. During 2021, the Company issued 10,000 RSUs to Lockheed Martin, through Astrolink, as a Lockheed Martin employee served as a member of the Company’s board of directors. GeoOptics, Inc. The Company owns a non-controlling The Company recognized revenue from GeoOptics of $1.6 million and $0.7 million during 2021 and 2020, respectively. In addition, the Company had accounts receivables due from GeoOptics of $470 thousand and $75 thousand as of December 31, 2021 and 2020, respectively. As of December 31, 2021, programs associated with GeoOptics represented approximately 9% of the Company’s remaining performance obligations. Transactions with Chairman and CEO During 2021, the Company executed a new lease for office space in a building beneficially owned by the Company’s Chairman and CEO. The lease term commenced on April 1, 2021 and will expire on March 31, 2026. The Company has a one-time five During 2020, Satellite Solutions Group, LLC, an entity owned by the Company’s Chairman and CEO, provided professional services in connection with the issuance of the Series Seed Preferred Stock for a fee of $700 thousand. The fee was recorded against the gross proceeds received from the issuance of the Series Seed Preferred Stock. During 2021 and 2020, the Company’s Chairman and CEO was paid $125 thousand and $417 thousand, respectively, for consulting services. PIPE Investment The PIPE Investment funded as part of the Tailwind Two Merger primarily comprised of existing debt and equity holders of the Company. An affiliate of Daniel Staton, a director and shareholder of the Company, represented $30 million of the PIPE Investment (the “Staton PIPE Investment”). The subscription agreement for the Staton PIPE Investment contains a provision that obligates New Terran Orbital to pay an affiliate of Daniel Staton a quarterly fee of $1.875 million for sixteen quarters beginning at the end of the quarter in which the Tailwind Two Merger is consummated; the first years’ payments are to be paid in cash and the remaining payments are to be paid, subject to subordination to and compliance with New Terran Orbital’s debt facilities, in cash or common stock at the discretion of New Terran Orbital. In addition, the Company entered into commercial agreements to purchase $20 million of goods and services over three years from two affiliates of a PIPE investor. These commercial agreements became effective upon the closing of the Tailwind Two Merger.
Tailwind Two Acquisition Corp [Member]
RELATED PARTY TRANSACTIONS		NOTE 5. RELATED PARTY TRANSACTIONS Founder Shares On December 3, 2020, the Sponsor paid $25,000 to cover certain offering costs of the Company in consideration for 8,625,000 Class B ordinary shares (the “Founder Shares”). The Founder Shares included an aggregate of up to 1,125,000 shares that were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option was exercised, so that the number of Founder Shares would equal, on an as-converted The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of the Founder Shares until the earliest of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, 30- Administrative Services Agreement The Company agreed, commencing on the March 9, 2021, through the earlier of the Company’s consummation of a Business Combination or its liquidation, to pay an affiliate of the Sponsor a total of $10,000 per month for office space, secretarial and administrative support services. For the year ended December 31, 2021, the Company incurred $100,000 in fees, of which such amount is included in accounts payable and accrued expenses in the accompanying consolidated balance sheet at December 31, 2021. There is no accrued administrative cost at December 31, 2020. Promissory Note — Related Party On November 23, 2020, the Company issued an unsecured promissory note (the “Promissory Note”) to the Sponsor, pursuant to which the Company could borrow up to an aggregate principal amount of $300,000. The Promissory Note was non-interest Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company may repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans may be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans, but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of such Working Capital Loans may be convertible into warrants of the post-Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the Private Placement Warrants. As of December 31, 2021 and 2020, there were no amounts outstanding under the Working Capital Loans.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
COMMITMENTS AND CONTINGENCIES	Note 12 Commitments and Contingencies Litigation and Other Legal Matters From time to time, the Company is subject to claims and lawsuits in the ordinary course of business, such as contractual disputes and employment matters. The Company is also subject to regulatory and governmental examinations, information requests and subpoenas, inquiries, investigations, and threatened legal actions and proceedings. The Company records accruals for losses that are probable and reasonably estimable. These accruals are based on a variety of factors such as judgment, probability of loss, and opinions of internal and external legal counsel. Legal costs in connection with claims and lawsuits in the ordinary course of business are expensed as incurred. Customer Contractual Dispute In January 2019, the Company entered into a contract (and other related agreements) with a customer to provide mission support and launch support services. During 2021, a contractual dispute arose between the Company and the customer. In April 2022, the Company entered into a confidential settlement agreement with the customer and agreed to a payment to the customer of $833 thousand, which is anticipated to be paid by September 30, 2022. As of March 31, 2022 and December 31, 2021, the Company had accrued $833 thousand and $800 thousand for the settlement, respectively. Commercial Agreements During the three months ended March 31, 2022, the Company entered into commercial agreements to purchase $20 million of goods and services over three years from two affiliates of a PIPE investor. These commercial agreements became effective upon the closing of the Tailwind Two Merger.	Note 12 Commitments and Contingencies Operating Leases The Company has entered into various non-cancelable The Company’s future minimum lease payments under non-cancelable (in thousands) Operating Leases Finance Leases 2022 $ 3,484 $ 21 2023 4,865 21 2024 4,970 11 2025 4,928 8 2026 4,896 7 Thereafter 5,167 — Subtotal 28,310 68 Less interest on finance leases — 15 Total $ 28,310 $ 53 Operating lease expense totaled $1 million and $868 thousand during 2021 and 2020, respectively. In January 2022, the Company amended an existing operating lease to add additional manufacturing space and to increase the lease term from December 2021 to December 2026, resulting in incremental future minimum lease payments of approximately $1.1 million. In February 2022, the Company amended an existing operating lease to increase the lease term from September 2027 to November 2032, resulting in incremental future minimum lease payments of approximately $5.4 million, and to add additional manufacturing space with a lease term of December 2022 to November 2032, resulting in incremental future minimum lease payments of approximately $17.1 million. In March 2022, the Company signed a new operating lease for office space with a lease term from April 2022 to June 2027, resulting in incremental future minimum lease payments of approximately $2 million. Litigation and Other Legal Matters From time to time, the Company is subject to claims and lawsuits in the ordinary course of business, such as contractual disputes and employment matters. The Company is also subject to regulatory and governmental examinations, information requests and subpoenas, inquiries, investigations, and threatened legal actions and proceedings. The Company records accruals for losses that are probable and reasonably estimable. These accruals are based on a variety of factors such as judgment, probability of loss, and opinions of internal and external legal counsel. Legal costs in connection with claims and lawsuits in the ordinary course of business are expensed as incurred. Customer Contractual Dispute In January 2019, the Company entered into a contract (and other related agreements) with a customer to provide mission support and launch support services. During 2021, a contractual dispute arose between the Company and the customer. During 2022, the Company entered into a confidential settlement agreement with the customer and agreed to a payment to the customer of approximately $800 thousand. As of December 31, 2021, the Company had accrued $800 thousand for the settlement. Engagement Agreement Matter In September 2016, the Company entered into an engagement agreement (the “Engagement”) with an investment banker (the “Advisor”) for investment banking advisory and placement agent services for a financing transaction. A contractual dispute arose between the parties regarding the Advisor’s performance, fees and expenses. Prior to the contractual dispute, the Company terminated the Engagement, and subsequently closed on the Convertible Notes due 2028, without, in its view, the services of the Advisor. In November 2018, the Advisor initiated arbitration with the American Arbitration Association (the “AAA”) in New York. In August 2019, the AAA arbitration panel issued an award that equated to approximately $2.3 million (the “Award”) against the Company for breach of the Engagement. The award represented the placement fee that would have been paid upon closing of the Convertible Notes due 2028 and the Advisor’s legal fees. In October 2019, the Advisor filed a complaint with the California Federal District Court (“District Court”) to confirm the Award. Thereafter, the Company filed a Motion to vacate the Award. In early January 2020, the District Court granted the Advisor’s petition to confirm the Award, which the Company appealed to the U.S. Court of Appeals for the 9th Circuit (the “Ninth Circuit”). On March 9, 2021, the Ninth Circuit affirmed the District Court’s ruling. The Company recorded $2 million of the Award as deferred financing costs as of December 31, 2018. The remainder of the Award was recorded as a legal expense in selling, general and administrative expenses. The Award was paid in full during 2020. Service Agreement Matter In April 2017, the Company entered into a services agreement (“Service Agreement”) with an aerospace company that designs and delivers hardware that moves on spacecraft (the “Aerospace Design Company”). The Aerospace Design Company agreed to design and manufacture antennas and feeds for a satellite in connection with a Company project. A contractual dispute arose regarding the Aerospace Design Company’s performance, termination of the Services Agreement, and payment of various invoices. The Services Agreement contained a provision for final and binding arbitration. Pursuant to the arbitration provision, in November 2018, the Aerospace Design Company filed a demand for arbitration against the Company, raising claims for breach of contract and seeking monetary damages for non-payment
Tailwind Two Acquisition Corp [Member]
COMMITMENTS AND CONTINGENCIES		NOTE 6. COMMITMENTS AND CONTINGENCIES Risks and Uncertainties Management continues to evaluate the impact of the COVID-19 Registration and Shareholder Rights Pursuant to a registration and shareholder rights agreement entered into on March 9, 2021, the holders of the Founder Shares, Private Placement Warrants and any warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of the Working Capital Loans) will be entitled to registration rights. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination. However, the registration and shareholder rights agreement provide that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lockup period. The registration rights agreement does not contain liquidating damages or other cash settlement provisions resulting from delays in registering the Company’s securities. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The underwriters are entitled to a deferred fee of $0.35 per Unit, or $12,075,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Agreement and Plan of Merger On October 28, 2021, the Company (here in after referred to as Tailwind Two in this Note 6) entered into an Agreement and Plan of Merger (as it may be amended, supplemented or otherwise modified from time to time, the “Merger Agreement”), by and among Tailwind Two, Titan Merger Sub, Inc., a Delaware corporation (“Merger Sub”), and Terran Orbital Corporation, a Delaware corporation (“Terran Orbital”). The Business Combination The Merger Agreement provides for, among other things, the following transactions on the closing date (collectively, the Terran Orbital Business Combination”): (i) Tailwind Two will become a Delaware corporation (the “Domestication”) and, in connection with the Domestication, (A) each outstanding Class A ordinary share of Tailwind Two will become one share of common stock, par value $0.0001 per share, of Tailwind Two (the “New Terran Orbital Common Stock”), (B) each outstanding Class B ordinary share of Tailwind Two will become one share of New Terran Orbital Common Stock, and (C) each outstanding warrant of Tailwind Two will become one warrant to purchase one share of New Terran Orbital Common Stock (D) the certificate of incorporation of Tailwind Two and the bylaws of Tailwind Two will be amended and restated; and (ii) following the Domestication, Merger Sub will merge with and into Terran Orbital, with Terran Orbital as the surviving company in the merger and, after giving effect to such merger, continuing as a wholly-owned subsidiary of Tailwind Two (the “Merger”) and Tailwind Two’s name will be changed to Terran Orbital Corporation. Merger Consideration In accordance with the terms and subject to the conditions of the Merger Agreement, issued and outstanding (i) shares of Terran Orbital (including any warrants of Terran Orbital which are exercised immediately prior to the Merger for shares of Terran Orbital in accordance with the terms of the Merger Agreement) will be converted into New Terran Orbital Common Stock, (ii) options to purchase shares of Terran Orbital (whether vested or unvested) will be cancelled in exchange for comparable options to purchase New Terran Orbital Common Stock, pursuant to the new incentive equity plan, and (iii) outstanding and unvested restricted stock and restricted stock units of Terran Orbital (including Employee Retention Share RSUs and Employee Retention Share Restricted Stock) will be cancelled in exchange for comparable restricted stock and restricted stock unit awards to be settled in New Terran Orbital Common Stock pursuant to the new incentive equity plan. PIPE Financing (Private Placement) Concurrently with the execution of the Merger Agreement, Tailwind Two entered into subscription agreements (the “Subscription Agreements”) with certain investors (the “PIPE Investors”) and an affiliate of Mr. Daniel Staton, a director and shareholder of Terran Orbital (the “Insider PIPE Investor”, and together with the PIPE Investors, the “Investors”). Pursuant to the Subscription Agreements, the Investors agreed to subscribe for and purchase, and Tailwind Two agreed to issue and sell to such Investors, immediately prior to the closing of the Terran Orbital Business Combination, an aggregate of 5,080,409 shares of New Terran Orbital Common Stock for a purchase price of $10.00 per share, for aggregate gross proceeds of approximately $50.8 million (the “PIPE Financing”). The closing of the PIPE Financing is contingent upon, among other things, the substantially concurrent consummation of the Terran Orbital Business Combination. The Subscription Agreements provide that Tailwind Two will grant the investors in the PIPE Financing certain customary registration rights. Tailwind Two will, within 45 days after the consummation of the Terran Orbital Business Combination, file with the SEC a registration statement registering the resale of such shares of New Terran Orbital Common Stock and will use its commercially reasonable efforts to have such registration statement declared effective as soon as practicable after the filing thereof. The Merger Agreement contains customary representations, warranties and covenants by the parties thereto and the closing is subject to certain conditions as further described in the Merger Agreement. For additional information, refer to the Company’s Current Report on Form 8-K/A,

SHAREHOLDERS' (DEFICIT) EQUITY

SHAREHOLDERS' (DEFICIT) EQUITY	12 Months Ended
	Dec. 31, 2021
TAILWIND TWO ACQUISITION CORP.
SHAREHOLDERS' (DEFICIT) EQUITY	NOTE 7. SHAREHOLDERS’ (DEFICIT) EQUITY Preference Shares Class A Ordinary Shares Class B Ordinary Shares Holders of Class A ordinary shares and Class B ordinary shares will vote together as a single class on all other matters submitted to a vote of shareholders, except that, prior to a Business Combination, only holders of the Class B ordinary shares will be entitled to vote on the appointment of directors, and except as required by law. Only holders of the Class B ordinary shares will have the right to vote on the election of directors prior to the Business Combination. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of a Business Combination or earlier at the option of the holders thereof at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted one-to-one.

WARRANT LIABILITIES

WARRANT LIABILITIES	12 Months Ended
	Dec. 31, 2021
Tailwind Two Acquisition Corp [Member]
WARRANT LIABILITIES	NOTE 8. WARRANT LIABILITIES As of December 31, 2021, there were 11,500,000 Public Warrants outstanding. Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. At December 31, 2020, there were no Public Warrants outstanding. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) one year from the closing of the Initial Public Offering. The Public Warrants will expire five years from the completion of a Business Combination or earlier upon redemption or liquidation. The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act with respect to the Class A ordinary shares underlying the warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration, or a valid exemption from registration is available. No Public Warrant will be exercisable for cash or on a cashless basis and the Company will not be obligated to issue a Class A ordinary share upon exercise of a warrant unless the Class A ordinary share issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. The Company has agreed that as soon as practicable, but in no event later than 20 business days, after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the warrants, and the Company will use its commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of a Business Combination, and to maintain the effectiveness of such registration statement and a current prospectus relating to those Class A ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement; provided that if the Class A ordinary shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but the Company will use its commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. If a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60th day after the closing of a Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption, but the Company will use its commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00. • in whole and not in part; • at a price of $0.01 per warrant; • upon not less than of 30 days’ prior written notice of redemption to each warrant holder; and • if, and only if, the closing price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted) for any 20 trading days within a 30-trading If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00. • in whole and not in part; • at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption; provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined based on the redemption date and the fair market value of the Class A ordinary shares; • if, and only if, the closing price of the Class A ordinary shares equal or exceeds $10.00 per Public Share (as adjusted) for any 20 trading days within the 30-trading • if the closing price of the Class A ordinary shares for any 20 trading days within a 30-trading If the Company calls the Public Warrants for redemption, as described above, its management will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. The exercise price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless. In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the consummation of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of its Class A ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price. At December 31, 2021, there were 7,800,000 Private Placement Warrants outstanding. At December 31, 2020, there were no Private Placement Warrants outstanding. The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable,

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2021
Subsequent Event [Line Items]
SUBSEQUENT EVENTS	Note 15 Subsequent Events The Company evaluated subsequent events through March 31, 2022, the date at which the consolidated financial statements were available to be issued. Relevant subsequent events are disclosed in the preceding notes to the consolidated financial statements.
Tailwind Two Acquisition Corp [Member]
Subsequent Event [Line Items]
SUBSEQUENT EVENTS	NOTE 10. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to March 18, 2022 the date that the consolidated financial statements were issued. Based upon this review, other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the consolidated financial statements. In February 2022, the Russian Federation and Belarus commenced a military action with the country of Ukraine. As a result of this action, various nations, including the United States, have instituted economic sanctions against the Russian Federation and Belarus. Further, the impact of this action and related sanctions on the world economy are not determinable as of the date of these financial statements. The specific impact on the Company’s financial condition, results of operations, and cash flows is also not determinable as of the date of these financial statements.

Net Loss Per Share

Net Loss Per Share	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Net Loss Per Share	Note 10 Net Loss Per Share Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share gives effect to all securities having a dilutive effect on net loss, weighted-average shares outstanding of common stock or both. The effect from potential dilutive securities includes (i) incremental shares of common stock calculated using the if-converted For purposes of the diluted net loss per share computation, all potentially dilutive securities were excluded because their effect would be anti-dilutive or because of unsatisfied contingent issuance conditions. As a result, basic net loss per share was equal to diluted net loss per share for each period presented. The table below represents the anti-dilutive securities that could potentially be dilutive in the future for the periods presented: Three Months Ended (in shares of common stock) 2022 2021 Series A Preferred Stock — 10,947,686 Stock options 1,938,804 2,836,655 Restricted stock units 16,076,087 14,121,542 Detachable Warrants — 26,029,630 Inducement Warrants — 479,208 FP Combination Warrants 8,291,704 — Combination Warrants 2,763,902 — Public Warrants 11,499,960 — Private Placement Warrants 7,800,000 PIPE Investment Obligation 3,270,349 — The computations of basic and diluted net loss per share for the periods presented were as follows: Three Months Ended March 31, (in thousands, except per share and share amounts) 2022 2021 Numerator: Net loss $ (71,372 ) $ (77,496 ) Denominator: Weighted-average shares outstanding - basic and diluted 83,643,940 71,431,259 Net loss per share - basic and diluted $ (0.85 ) $ (1.08 )	Note 10 Net Loss Per Share Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share gives effect to all securities having a dilutive effect on net loss, weighted-average shares outstanding of common stock or both. The effect from potential dilutive securities includes (i) incremental shares of common stock calculated using the if-converted non-controlling For purposes of the diluted net loss per share computation, all potentially dilutive securities were excluded because their effect would be anti-dilutive or because of unsatisfied contingent issuance conditions. As a result, basic net loss per share was equal to diluted net loss per share for each period presented. The table below represents the anti-dilutive securities that could potentially be dilutive in the future for the periods presented: December 31, (in shares of common stock) 2021 2020 Convertible Notes due 2028 — 940,160 Series A Preferred Stock 396,870 396,870 Series Seed Preferred Stock — 25,000 Stock options 76,956 115,791 Restricted stock units 536,626 — PredaSAR stock options — 1,967 Warrants 1,060,023 — The contingently issuable equity and warrants upon closing of the Tailwind Two Merger are excluded from the table above as the number of underlying shares of common stock to be issued is dependent on the capital structure of New Terran Orbital. The computations of basic and diluted net loss per share for the periods presented were as follows: Years Ended December 31, (in thousands, except per share and share amounts) 2021 2020 Numerator: Net loss $ (138,982 ) $ (10,455 ) Denominator: Weighted-average shares outstanding - basic and diluted 2,780,993 2,403,755 Net loss per share - basic and diluted $ (49.98 ) $ (4.35 )

Share-Based Compensation

Share-Based Compensation	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Note 9 Share-Based Compensation Prior to the Tailwind Two Merger, Legacy Terran Orbital maintained the Amended and Restated Terran Orbital Corporation 2014 Equity Incentive Plan (the “2014 Plan”). During January 2022, the 2014 Plan was amended to authorize the issuance of no more than 941,355 shares of Legacy Terran Orbital’s common stock, which represents 25,967,343 shares of Terran Orbital Corporation’s common stock on a converted basis. In connection with the Tailwind Two Merger, the Company terminated the 2014 Plan and adopted the Terran Orbital Corporation 2021 Omnibus Incentive Plan (the “2021 Plan”). All of the outstanding share-based compensation awards granted under the 2014 Plan were cancelled and substituted for awards under the 2021 Plan in the same form and on substantially the same terms and conditions. The 2021 Plan authorizes the issuance of no more than 13,729,546 shares of Terran Orbital Corporation’s common stock pursuant to awards under the 2021 Plan. The number of authorized shares issuable under the 2021 Plan is subject to an annual increase on the first day of each calendar year during the term of the 2021 Plan, equal to the lesser of (i) 3% of the aggregate number of shares of Terran Orbital Corporation’s common stock outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares of Terran Orbital Corporation’s common stock as determined by the Company’s board of directors. Further, under the 2021 Plan, the number of authorized shares issuable under the 2021 Plan may be adjusted in case of changes to capitalization or other corporate events. As of March 31, 2022, there were approximately 23 million shares of Terran Orbital’s common stock underlying outstanding awards, which were cancelled under the 2014 Plan and substituted for awards under the 2021 Plan. The shares underlying such substituted awards are incremental to, and do not count against, the authorized share pool of the 2021 Plan. Share-based compensation expense totaled $17.3 million and $168 thousand during the three months ended March 31, 2022 and 2021, respectively. All of the Company’s outstanding restricted stock units (“RSUs”) included a performance condition that requires a liquidity event to occur in order to vest. Accordingly, the Company previously did not recognize share-based compensation expense associated with the RSUs as their performance condition was not probable of being met until such an event occurred. Upon closing of the Tailwind Two Merger, the Company recorded a cumulative catch-up 2014 Plan During the three months ended March 31, 2022 and prior to the Tailwind Two Merger, the Company granted approximately 6.4 million RSUs under the 2014 Plan with a weighted-average grant date fair value of $8.12. The majority of these RSUs (referred to as “Retention RSUs”) will generally vest on the later to occur of: (i) the first anniversary of the consummation of the Tailwind Two Merger and (ii) the trading price of Company’s common stock equaling or exceeding $11.00 or $13.00, as applicable, for any 20 trading days within any consecutive 30-trading one-year For the granted RSUs that are not Retention RSUs, the grant date fair value was based on the fair value of Legacy Terran Orbital’s common stock. Prior to the Tailwind Two Merger and in the absence of a public market for the Legacy Terran Orbital’s common stock, the valuation of the Legacy Terran Orbital’s common stock has been determined using an option pricing model, which is used to allocate the total enterprise value of the Company to the different classes of equity as of the valuation date. The significant assumptions used in the option pricing model include: (i) total enterprise value of the Company based on the guideline publicly-traded company method, guideline transaction method, market calibration method and discounted cash flow method; (ii) liquidation preferences, conversion values, and participation thresholds of different equity classes; (iii) probability-weighted time to a liquidity event; (iv) expected volatility based upon the historical and implied volatility of common stock for the Company’s selected peers; (v) expected dividend yield of zero as the Company does not have a history or plan of declaring dividends on its common stock; (vi) risk-free interest rate based on U.S. treasury bonds with a zero-coupon PredaSAR Plan In connection with the PredaSAR Merger, the PredaSAR Corporation 2020 Equity Incentive Plan (the “PredaSAR Plan”) was terminated. The stock options granted under the PredaSAR Plan were modified by cancellation and replacement with RSUs granted under the 2014 Plan. The incremental share-based compensation to be recognized over the service period of the RSUs as a result of the modification totaled approximately $445 thousand and was based on the incremental fair value of the RSUs granted compared to the fair value of the stock options immediately prior to cancellation. The Company did not recognize any incremental share-based compensation expense associated with the RSUs during the three months ended March 31, 2021 as the performance condition was not probable of being met until a liquidity event occurs. However, the Company continued to recognize share-based compensation expense related to the original grant date fair value of the cancelled stock options as the stock options were probable of vesting pursuant to their original terms.	Note 9 Share-Based Compensation The Company grants share-based compensation awards to employees and directors under the Amended and Restated Terran Orbital Corporation 2014 Equity Incentive Plan (the “2014 Plan”). Prior to the PredaSAR Merger, the Company also granted share-based compensation awards under the PredaSAR Corporation 2020 Equity Incentive Plan (the “PredaSAR Plan”). In connection with the Tailwind Two Merger, the 2014 Plan and related share-based compensation awards were cancelled and exchanged with a new share-based compensation plan and related share-based compensation awards of New Terran Orbital. Share-based compensation expense for service-based awards is recognized on a straight-line basis over the requisite service period. For awards that include a performance condition, share-based compensation expense is recognized only if it is probable that the performance condition will be met. Share-based compensation expense is included in cost of sales and selling, general, and administrative expenses in the consolidated statements of operations and comprehensive loss. Additionally, certain costs related to share-based compensation awards granted to manufacturing employees are capitalized to inventory. The Company accounts for forfeitures as they occur. All share-based compensation awards are classified as equity awards and are settled through the issuance of authorized but previously unissued shares of common stock. Share-based compensation, inclusive of amounts included in inventory, for the periods presented was as follows: Years ended December 31, (in thousands) 2021 2020 Stock options $ 416 $ 580 Restricted stock units 225 — Restricted stock awards — 540 PredaSAR options 37 110 Share-based compensation $ 678 $ 1,230 There was no income tax benefit associated with the Company’s share-based compensation during 2021 and 2020 as a result of a full valuation allowance on the Company’s deferred tax assets. The measurement of the Company’s share-based compensation awards is based on the grant-date fair value of the Company’s common stock. In the absence of a public market for the Company’s common stock, the valuation of the Company’s common stock has been determined using an option pricing model. Refer to Note 7 “Fair Value of Financial Instruments” for further discussion regarding the valuation of the Company’s common stock using an option pricing model. 2014 Plan During June 2017, the Company adopted the 2014 Plan as the successor plan to the Tyvak Nano-Satellite Systems, Inc. 2014 Equity Incentive Plan (the “Predecessor Plan”). The 2014 Plan authorizes the issuance of no more than 744,130 shares of Terran Orbital Corporation common stock by the exercise or vesting of granted awards, which are generally stock options, restricted stock awards (“RSAs”) or restricted stock units (“RSUs”). Following the implementation of the 2014 Plan, no additional awards were to be granted under the Predecessor Plan. During January 2022, the 2014 Plan was amended to authorize the issuance of no more than 941,355 shares of Terran Orbital Corporation common stock. Stock Options Stock options granted under the 2014 Plan are primarily service-based awards that vest over a two There were no stock options granted under the 2014 Plan during 2021. The grant-date fair values of stock options granted under the 2014 Plan during 2020 were determined using the Black-Scholes option-pricing model with the following assumptions: Years ended December 31, 2020 Range Low High Expected term (in years) 6.25 6.25 Expected volatility 110 % 120 % Expected dividend yield 0 % 0 % Risk-free interest rate 0.46 % 0.56 % The expected term was calculated using the simplified method as the Company did not have sufficient historical exercise data to provide a reasonable basis to estimate future exercise patterns. The expected volatility was based upon the historical and implied volatility of common stock for the Company’s selected peers. The dividend yield was determined to be zero as the Company does not have a history or plan of declaring dividends on its common stock. The risk-free interest rate was based on U.S. treasury bonds with a zero-coupon The weighted-average grant-date fair value of stock options granted during 2020 was $51.49. The following table summarizes activity related to stock options during 2021: Number of Weighted- Aggregate Weighted- Outstanding as of December 31, 2020 115,791 $ 24.59 $ 5,763 6.25 Granted — — Exercised (21,716 ) 10.90 Forfeited (17,119 ) 32.16 Outstanding as of December 31, 2021 76,956 $ 26.76 $ 12,797 5.39 Exercisable as of December 31, 2021 58,445 $ 23.16 $ 9,929 4.62 The intrinsic value of stock options exercised was $1.9 million and $1.8 million during 2021 and 2020, respectively. As of December 31, 2021, unrecognized compensation cost related to stock options was $648 thousand, which is expected to be recognized over a weighted-average period of 2.4 years. Restricted Stock Units RSUs granted under the 2014 Plan vest pursuant to a service condition over a two seven The following table summarizes activity related to RSUs during 2021: Number of RSUs Weighted- Grant-Date Unvested as of December 31, 2020 — $ — Granted 568,414 83.60 Vested — — Forfeited (31,788 ) 89.26 Unvested as of December 31, 2021 536,626 $ 83.27 The Company has not recognized any share-based compensation expense associated with the RSUs granted during 2021, except as described below, as the performance condition was not probable of being met until a liquidity event occurs. Upon closing of the Tailwind Two Merger, the Company will record a cumulative catch-up As of December 31, 2021, unrecognized compensation cost related to RSUs was $43.6 million, which is expected to be recognized over a weighted-average period of 1.1 years. During the first quarter of 2022, the Company granted approximately 233 thousand RSUs under the 2014 Plan. The majority of these RSUs will generally vest on the latest occur of: (i) the first anniversary of the consummation of the Tailwind Two Merger, (ii) the trading price of New Terran Orbital’s common stock equaling or exceeding $11.00 or $13.00, as applicable, for any 20 trading days within any consecutive 30-trading Restricted Stock Awards There were no unvested RSAs as of December 31, 2021 as all RSAs had fully vested as of December 31, 2020. There were no RSAs granted during 2021 and 2020. The fair value of RSAs that vested during 2020 was $535 thousand. PredaSAR Plan During May 2020, the Company adopted the PredaSAR Plan, which authorized the issuance of up to 9,000 shares of PredaSAR Corporation common stock by the exercise or vesting of granted awards, which were all stock options. Stock options granted under the PredaSAR Plan were primarily service-based awards that vested over a five-year period from the date of grant, had an exercise price of $1,000 per share, and a contractual term of ten years from the date of grant. The Company did not grant options under the PredaSAR Plan during 2021. The grant-date fair values of stock options granted under the PredaSAR Plan during 2020 were determined using the Black-Scholes option-pricing model with the following assumptions: Year ended December 31, 2020 Range Low High Expected term (in years) 6.25 6.25 Expected volatility 110 % 110 % Expected dividend yield 0 % 0 % Risk-free interest rate 0.43 % 0.65 % The expected term was calculated using the simplified method as the Company did not have sufficient historical exercise data to provide a reasonable basis to estimate future exercise patterns. The expected volatility was based upon the historical and implied volatility of common stock for the Company’s selected peers. The dividend yield was determined to be zero as the Company does not have a history or plan of declaring dividends on its common stock. The risk-free interest rate was based on U.S. treasury bonds with a zero-coupon The weighted-average grant-date fair value of stock options granted during 2020 was $577.00. In connection with the PredaSAR Merger, the PredaSAR Plan was terminated. The stock options granted under the PredaSAR Plan were modified by cancellation and replacement with RSUs granted under the 2014 Plan. The modification resulted in the issuance of 29,835 RSUs with a weighted-average grant date fair value of $79.99 that vest pursuant to a service condition over a four-year period and a performance condition that requires a liquidity event to occur within seven years. Prior to termination of the PredaSAR Plan, the Company accounted for the cumulative compensation cost of share-based awards granted under the PredaSAR Plan as a component of additional paid-in non-controlling paid-in The incremental share-based compensation to be recognized over the service period of the RSUs as a result of the modification totaled approximately $445 thousand and was based on the incremental fair value of the RSUs granted compared to the fair value of the stock options immediately prior to cancellation. The Company has not recognized any incremental share-based compensation expense associated with the RSUs during 2021 as the performance condition was not considered to be probable of being met until a liquidity event occurs. However, the Company has continued to recognize share-based compensation expense related to the original grant date fair value of the cancelled stock options as the stock options were probable of vesting pursuant to their original terms. Upon closing of the Tailwind Two Merger, the Company will record a cumulative catch-up The fair value of the stock options immediately prior to cancellation was estimated using the Black-Scholes option pricing model using the following assumptions: Range Low High Expected term (in years) 5.50 6.01 Expected volatility 105 % 105 % Expected dividend yield 0 % 0 % Risk-free interest rate 0.95 % 0.95 % The expected term was calculated using the simplified method as the Company did not have sufficient historical exercise data to provide a reasonable basis to estimate future exercise patterns. The expected volatility was based upon the historical and implied volatility of common stock for the Company’s selected peers. The dividend yield was determined to be zero as the Company does not have a history or plan of declaring dividends on its common stock. The risk-free interest rate was based on U.S. treasury bonds with a zero-coupon The following table summarizes activity related to stock options granted under the PredaSAR Plan during 2021: Number of Weighted- Aggregate Weighted- Outstanding as of December 31, 2020 1,967 $ 988.64 $ — 9.50 Granted — — Exercised — — Forfeited (45 ) 917.25 Cancelled and replaced (1,922 ) 990.31 Outstanding as of December 31, 2021 — $ — $ — — Exercisable as of December 31, 2021 — $ — $ — — Following the PredaSAR Merger, share-based compensation expense and unrecognized compensation cost, inclusive of the incremental fair value due to modification, is included in information regarding RSUs granted under the 2014 Plan.

INCOME TAXES

INCOME TAXES	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Disclosure	Note 11 Income Taxes Provision for income taxes for the three months ended March 31, 2022 was $2 thousand, resulting in an effective tax rate for the period of 0.0%. The Company had a minimal effective tax rate as a result of the continued generation of net operating losses (“NOLs”) offset by a full valuation allowance recorded on such NOLs as the Company determined it is more-likely-than-not Provision for income taxes for the three months ended March 31, 2021 was $28 thousand, resulting in an effective tax rate for the period of 0.0%. The Company had a minimal effective tax rate as a result of the continued generation of NOLs offset by a full valuation allowance recorded on such NOLs as the Company determined it is more-likely-than-not	Note 11 Income Taxes The Company accounts for income taxes using the asset and liability method. Under the asset and liability method, deferred tax assets and liabilities are recognized for the temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. The effect on deferred tax assets and liabilities of a change in tax laws is recognized in the results of operations in the period the new laws are enacted. A valuation allowance is recorded to reduce the carrying amount of deferred tax assets to the estimated realization amount. The Company recognizes positions taken or expected to be taken in a tax return in the consolidated financial statements when it is more-likely-than-not more-likely-than-not The CARES Act was signed into law in March 2020 and includes several significant business income tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOLs”) and allow businesses to carry back NOLs arising in 2018, 2019 and 2020 to the five prior years, accelerate refunds of previously generated corporate alternative minimum tax credits, generally loosen the business interest limitation under Internal Revenue Code (“IRC”) Section 163(j) from 30 percent to 50 percent among other technical corrections included in the Tax Cuts and Jobs Act of 2017. In connection with the CARES Act, the Company benefited from the five-year carryback rule which allowed the Company to carryback a portion of its NOLs to the 2015 and 2016 tax years. The other provisions of the CARES Act did not have a material impact on the Company. Significant components of loss before income taxes for the periods presented were as follows: Years Ended (in thousands) 2021 2020 United States $ (140,563 ) $ (10,727 ) Foreign 1,619 88 Loss before income taxes $ (138,944 ) $ (10,639 ) Significant components of provision for (benefit from) income taxes for the periods presented were as follows: Years Ended December 31, (in thousands) 2021 2020 Current: Federal $ (5 ) $ (186 ) State 2 2 Foreign 41 — Current income tax expense (benefit) 38 (184 ) Deferred: Federal — — State — — Foreign — — Deferred income tax benefit — — Provision for (benefit from) income taxes $ 38 $ (184 ) The reconciliation between the provision for (benefit from) income taxes and the amount computed at the statutory U.S. federal income tax rate for the periods presented was as follows: Years Ended December 31, (in thousands) 2021 2020 Income taxes computed at the U.S. federal statutory rate $ (29,178 ) $ (2,234 ) State and local income taxes, net of federal benefit (2,960 ) (616 ) Permanent differences 18,417 83 Change in valuation allowance 14,548 3,055 Federal refunds (5 ) (186 ) Other, net (784 ) (286 ) Provision for (benefit from) income taxes $ 38 $ (184 ) The components of the Company’s net deferred tax assets for the periods presented were as follows: December 31, (in thousands) 2021 2020 Deferred tax assets: Share-based compensation $ 670 $ 552 Property, plant and equipment 95 52 Disallowed interest 2,194 715 Legal accrual 224 230 Reserve for anticipated losses on contracts 224 540 Net operating losses 25,109 13,695 Accrued liabilities 2,011 226 Total deferred tax assets 30,527 16,010 Valuation allowance (30,046 ) (15,498 ) Deferred tax assets, net of valuation allowance $ 481 $ 512 Deferred tax liabilities: Deferred financing costs $ — $ (512 ) Warrants and derivatives (481 ) — Total deferred tax liabilities (481 ) (512 ) Net deferred tax assets $ — $ — The valuation allowance for deferred tax assets relates to the uncertainty of the utilization of U.S. federal, state and foreign deferred tax assets. In evaluating the Company’s ability to recover its deferred tax assets, the Company considers all available positive and negative evidence, which include its past operating results, the existence of cumulative losses in the most recent years, and its forecast of future taxable income. In estimating future taxable income, the Company develops assumptions related to the amount of future pre-tax more-likely-than-not The change in the valuation allowance for deferred tax assets for the periods presented was as follows: Years Ended December 31, (in thousands) 2021 2020 Beginning balance $ (15,498 ) $ (12,443 ) Change in valuation allowance (14,548 ) (3,055 ) Ending balance $ (30,046 ) $ (15,498 ) As of December 31, 2021 and 2020, the Company had federal NOL carryforwards of $91 million and $47 million, respectively. Federal NOL carryforwards generated during 2017 totaled $1 million and will expire in 2037 IRC Section 382 generally limits NOL and tax credit carryforwards following an ownership change, which occurs when one or more five percent shareholder increases its ownership, in aggregate, by more than 50 percentage points over the lowest percentage of stock owned by such shareholder at any time during the “testing period” (generally three years). Accordingly, the Company’s ability to utilize remaining NOL and tax credit carryforwards may be significantly restricted upon a change in ownership. As of December 31, 2021 and 2020, the Company had state NOL carryforwards of $76 million and $48 million, respectively. The state NOL carryforwards begin to expire in 2038. As of December 31, 2021 and 2020, the Company’s foreign NOL carryforwards were not material. The foreign NOL carryforwards can be carried forward indefinitely and used to offset up to 80% of future taxable income for future tax years. The Company files income tax returns for U.S. federal and various state jurisdictions and in Italy for its foreign subsidiary. The income tax returns are subject to audit by the taxing authorities. These audits may culminate in proposed assessments which may ultimately result in a change to the estimated income taxes. The following is a summary of open tax years by jurisdiction: Jurisdiction Years Open Federal 2018 - 2020 State 2017 - 2020 Italy 2016 - 2020

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Information	Note 14 Segment Information The Company’s Chief Executive Officer is its chief operating decision maker (the “CODM”). The Company reports segment information based on how the CODM evaluates performance and makes decisions about how to allocate resources. Accordingly, the Company has two operating and reportable segments: Satellite Solutions and Earth Observation Solutions. The reportable segments are defined as follows: • Satellite Solutions The Satellite Solutions segment is a vertically integrated satellite provider with modern facilities and a global ground station network that delivers end-to-end on-orbit • Earth Observation Solutions Through the Satellite Solutions segment, the Earth Observation Solutions segment has commenced developing satellites and intends to continue to develop, build, launch and operate a constellation of Earth observation satellites that will feature Synthetic Aperture Radar (“SAR”) and electro-optical capabilities to provide Earth observation data and mission solutions that it believes will be distinguished by breadth of coverage, revisit rates and ability to observe and detect during day and night and through clouds and other interference. In addition, the Earth Observation Solutions segment plans to provide secondary payload solutions and onboard data processing capabilities on its satellite constellation, including sensors, optical links or other mission solutions. The Earth Observation Solutions segment is still in its developmental stage and does not yet generate any material revenue. The scope and timing of the satellite constellation is subject to continuing assessments of customer demand and the Company’s financial and other resources. The Company has designed and began building the first two satellites of the constellation and plans to launch the two satellites in late 2022 or the first half of 2023. The CODM uses income (loss) from operations by segment as the segment profitability measure in order to evaluate segment performance. Income (loss) from operations by segment excludes share-based compensation expense and corporate and other costs included within the Company’s consolidated income (loss) from operations. The CODM does not review the Company’s assets by segment; therefore, such information is not presented. The following table presents revenue by segment and a reconciliation to consolidated revenue for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Satellite Solutions $ 12,974 $ 10,494 Earth Observation Solutions 146 — Revenue $ 13,120 $ 10,494 The following table presents loss from operations by segment for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Satellite Solutions $ (6,048 ) $ (980 ) Earth Observation Solutions (660 ) (912 ) Loss from operations by segment $ (6,708 ) $ (1,892 ) During the three months ended March 31, 2022, depreciation and amortization expense included in loss from operations by segment totaled $641 thousand and $184 thousand for Satellite Solutions and Earth Observation Solutions, respectively. During the three months ended March 31, 2021, depreciation and amortization expense included in loss from operations by segment totaled $671 thousand and related entirely to Satellite Solutions. The following table presents a reconciliation of loss from operations by segment to consolidated loss from operations and net loss for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Loss from operations by segment $ (6,708 ) $ (1,892 ) Corporate and other (9,007 ) (3,853 ) Share-based compensation expense (17,335 ) (168 ) Loss from operations (33,050 ) (5,913 ) Interest expense, net 2,923 907 Loss on extinguishment of debt 23,141 70,667 Change in fair value of warrant and derivative liabilities 11,853 (34 ) Other expense 403 15 Loss before income taxes (71,370 ) (77,468 ) Provision for income taxes 2 28 Net loss $ (71,372 ) $ (77,496 )	Note 14 Segment Information The Company’s Chief Executive Officer is its chief operating decision maker (the “CODM”). The Company reports segment information based on how the CODM evaluates performance and makes decisions about how to allocate resources. Accordingly, the Company has two operating and reportable segments: Satellite Solutions and Earth Observation Solutions. The reportable segments are defined as follows: • Satellite Solutions The Satellite Solutions segment is a vertically integrated satellite provider with modern facilities and a global ground station network that delivers end-to-end on-orbit • Earth Observation Solutions Through the Satellite Solutions segment, the Earth Observation Solutions segment has commenced developing satellites and intends to continue to develop, build, launch and operate a constellation of Earth observation satellites that will feature Synthetic Aperture Radar (“SAR”) and electro-optical capabilities to provide Earth observation data and mission solutions that it believes will be distinguished by breadth of coverage, revisit rates and ability to observe and detect during day and night and through clouds and other interference. In addition, the Earth Observation Solutions segment plans to provide secondary payload solutions and onboard data processing capabilities on its satellite constellation, including sensors, optical links or other mission solutions. The Earth observation satellite constellation of 96 satellites is planned to be completed and in-orbit The CODM uses income (loss) from operations by segment as the segment profitability measure in order to evaluate segment performance. Income (loss) from operations by segment excludes share-based compensation expense and corporate and other costs included within the Company’s consolidated income (loss) from operations. The CODM does not review the Company’s assets by segment; therefore, such information is not presented. The following table presents revenue by segment and a reconciliation to consolidated revenue for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Satellite Solutions $ 40,736 $ 24,860 Earth Observation Solutions 170 19 Revenue $ 40,906 $ 24,879 The following table presents loss from operations by segment for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Satellite Solutions $ (3,326 ) $ (2,128 ) Earth Observation Solutions (4,274 ) (2,703 ) Loss from operations by segment $ (7,600 ) $ (4,831 ) During 2021, depreciation and amortization expense included in loss from operations by segment totaled $2.7 million and $368 thousand for Satellite Solutions and Earth Observation Solutions, respectively. During 2020, depreciation and amortization expense included in loss from operations by segment totaled $2.9 million and related entirely to Satellite Solutions. The following table presents a reconciliation of loss from operations by segment to consolidated loss from operations and net loss for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Loss from operations by segment $ (7,600 ) $ (4,831 ) Corporate and other (28,431 ) (3,394 ) Share-based compensation expense (678 ) (1,194 ) Loss from operations (36,709 ) (9,419 ) Interest expense, net 7,965 1,216 Loss on extinguishment of debt 96,024 — Change in fair value of warrant and derivative liabilities (1,716 ) — Other (income) expense (38 ) 4 Loss before income taxes (138,944 ) (10,639 ) Provision for (benefit from) income taxes 38 (184 ) Net loss $ (138,982 ) $ (10,455 ) The following table presents revenue by geography and a reconciliation to consolidated revenue for the periods presented: Years Ended December 31, (in thousands) 2021 2020 United States $ 32,960 $ 21,215 Europe 7,946 3,664 Revenue $ 40,906 $ 24,879 The following table presents property, plant and equipment, net by geography and a reconciliation to consolidated property, plant and equipment, net for the periods presented: December 31, (in thousands) 2021 2020 United States $ 34,840 $ 18,956 Europe 690 565 Property, plant and equipment, net $ 35,530 $ 19,521

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Note 15 Leases As part of normal operations, the Company leases real estate and equipment from various counterparties with lease terms and maturities extending through 2032. The Company applies the practical expedient to not separate the lease and non-lease right-of-use The Company’s right-of-use non-cancelable Lease payments that are neither fixed nor dependent on an index or rate and vary because of changes in usage or other factors are included in variable lease costs. Variable lease costs are recorded in the period in which the obligation is incurred and primarily relate to utilities, maintenance, and repair costs. The Company’s leases do not contain material residual value guarantees or restrictive covenants. The Company is not a lessor in any leases and does not sublease. The following table presents the amounts reported in the Company’s condensed consolidated balance sheets related to operating and finance leases as of the presented dates: (in thousands) Classification March 31, 2022 January 1, 2022 Right-of-Use Operating Other assets $ 14,119 $ 6,550 Finance Property plant and equipment, net 44 48 Total right-of-use $ 14,163 $ 6,598 Lease Liabilities Operating Accrued expenses and other current liabilitie $ 834 $ 166 Finance Current portion of long-term debt 15 14 Operating Other 15,640 7,962 Finance Long-term 34 39 Total lease liabilities $ 16,523 $ 8,181 The following is a summary of the Company’s lease cost for the presented period: Lease Cost ( in thousands ) Three Operating lease cost $ 1,263 Finance lease cost Amortization of right-of-use 4 Interest on lease liabilities 2 Variable lease costs 140 Total lease cost $ 1,409 The following is a summary of the cash flows and supplemental information associated with the Company’s leases for the presented period: Other information ( in thousands ) Three Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 486 Operating cash flows from finance leases 2 Financing cash flows from finance leases 3 Right-of-use Operating leases 7,384 Finance leases — The following is a summary of the weighted-average lease term and discount rate for operating and finance leases as of the presented date: Lease Term and Discount Rate March 31, Weighted-average remaining lease term (years) Operating leases 7.7 Finance leases 3.4 Weighted-average discount rate Operating leases 29.69 % Finance leases 14.96 % The following is a maturity analysis related to the Company’s operating and finance leases as of March 31, 2022: Maturity of Lease Liabilities ( in thousands ) Operating Finance 2022 $ 3,053 $ 16 2023 5,666 21 2024 5,771 11 2025 5,709 8 2026 5,705 7 Thereafter 21,522 — Total lease payments 47,426 63 Less interest 30,952 14 Total lease liabilities $ 16,474 $ 49 The table above excludes certain operating leases which have been executed but not yet commenced. The Company has an executed operating lease for office space with a lease term from April 2022 to January 2028 with total future minimum lease payments of approximately $5.4 million. Additionally, there is an executed operating lease for office space with a lease term from April 2022 to June 2027 with total future minimum lease payments of approximately $2 million. The following is a maturity analysis related to the Company’s operating and finance leases as of December 31, 202 1, Leases (in thousands) Operating Finance 2022 $ 3,484 $ 21 2023 4,865 21 2024 4,970 11 2025 4,928 8 2026 4,896 7 Thereafter 5,167 — Total lease payments 28,310 68 Less interest on finance leases — 15 Total $ 28,310 $ 53

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Basis of Presentation	Basis of Presentation and Significant Accounting Policies The preparation of the condensed consolidated financial statements in accordance with generally accepted accounting principles in the U.S. (“GAAP”) requires the Company to select accounting policies and make estimates that affect amounts reported in the condensed consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The condensed consolidated financial statements included herein are unaudited, but in the opinion of management, they include all adjustments, consisting of normal recurring adjustments, necessary to summarize fairly the Company’s financial position, results of operations, and cash flows for the interim periods presented. The interim results reported in these condensed consolidated financial statements should not be taken as indicative of results that may be expected for future interim periods or the full year. For a more comprehensive understanding of the Company and its interim results, these condensed consolidated financial statements should be read in conjunction with Legacy Terran Orbital’s audited consolidated financial statements as of and for the years ended December 31, 2021 and 2020 included in the registration statement on Form S-1 S-1”). The Company’s accounting policies used in the preparation of these condensed consolidated financial statements do not differ from those used for the annual consolidated financial statements of Legacy Terran Orbital, unless otherwise noted. The condensed consolidated balance sheet as of December 31, 2021 included herein was derived from the audited consolidated financial statements of Legacy Terran Orbital as of that date but does not include all the footnote disclosures from the annual consolidated financial statements. The condensed consolidated financial statements include the accounts of Terran Orbital Corporation and its subsidiaries, and have been prepared in U.S. dollars in accordance with GAAP. All intercompany transactions have been eliminated.	Basis of Presentation and Significant Accounting Policies The preparation of the consolidated financial statements in accordance with generally accepted accounting principles in the U.S. (“GAAP”) requires the Company to select accounting policies and make estimates that affect amounts reported in the consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The consolidated financial statements include the accounts of Terran Orbital Corporation and its subsidiaries, and have been prepared in U.S. dollars in accordance with GAAP. All intercompany transactions have been eliminated. Information on accounting policies and methods related to revenue and receivables, inventory, property, plant and equipment, debt, warrants and derivatives, fair value of financial instruments, mezzanine equity and shareholders’ deficit, share-based compensation, net loss per share, income taxes, commitments and contingencies, and segment information is included in the respective notes that follow. Below is a discussion of accounting policies and methods used in the consolidated financial statements that are not presented in other notes.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less from the time of purchase.	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less from the time of purchase.
Concentration of Credit Risk	Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The majority of the Company’s cash and cash equivalents are held at major financial institutions. Certain account balances exceed the Federal Deposit Insurance Corporation insurance limits of $250,000 per account. As a result, there is a concentration of credit risk related to amounts in excess of the insurance limits. The Company regularly monitors the financial stability of these financial institutions and believes that there is no exposure to any significant credit risk in cash and cash equivalents. Concentrations of credit risk with respect to accounts receivable are limited because the Company performs credit evaluations, sets credit limits, and monitors the payment patterns of its customers. The table below presents individual customers who accounted for more than 10% of the Company’s revenue for the periods presented: Three Months Ended March 31, 2022 2021 Customer A 77 % 37 % Customer B 1 % 16 % Total 78 % 53 % The table below presents individual customers who accounted for more than 10% of the Company’s accounts receivable, net of allowance for credit losses, as of the dates presented: March 31, 2022 December 31, Customer A 82 % 14 % Customer B 6 % 32 % Customer C 3 % 13 % Customer D 2 % 19 % Customer E 2 % 10 % Total 95 % 88 %
Recent Accounting Standards	Recently Adopted Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument off-balance adopte Lease Accounting ASU 2016-02 , Leases (Topic 842) right-of-use adopte non-lease Upon transition to the guidance as of the date of adoption, the Company recognized operating lease liabilities on the condensed consolidated balance sheets with a corresponding amount of right-of-use The net impact of the adoption to the condensed consolidated balance sheet was as follows: (in thousands) December 31, 2021 Lease Standard January 1, 2022 Assets Other assets $ 639 $ 6,550 $ 7,189 Liabilities Accrued expenses and other current liabilities 76,136 166 76,302 Other liabilities 2,028 6,384 8,412	Recently Adopted Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) 2020-06, Debt with Conversion and Other Options (Subtopic 470-20) 815-40): ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract implementation costs incurred to develop or obtain internal-use
TAILWIND TWO ACQUISITION CORP.
Basis of Presentation		Basis of Presentation The accompanying consolidated financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the SEC.
Principles of Consolidation		Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.
Emerging Growth Company		Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies, including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging
Use of Estimates		Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting periods. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these consolidated financial statements is the determination of fair value of the warrant liability. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates.
Cash and Cash Equivalents		Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2021 and 2020.
Investments Held in Trust Account		Investments Held in Trust Account At December 31, 2021, substantially all of the assets held in the Trust Account were held in U.S. Treasury Securities. All of the Company’s investments held in the Trust Account are classified as held-to-maturity
Offering Costs		Offering Costs Offering costs consisted of legal, accounting and other expenses incurred through the Initial Public Offering that were directly related to the Initial Public Offering. Offering costs were allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities were expensed as incurred in the consolidated statements of operations. Offering costs associated with the Class A ordinary shares were included in Accretion for Class A ordinary shares subject to redemption amount upon the completion of the Initial Public Offering.
Class A Ordinary Shares Subject to Possible Redemption		Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Class A ordinary shares subject to mandatory redemption are classified as a liability instrument and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A ordinary shares that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares features certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at December 31, 2021, 34,500,000 Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ (deficit) equity section of the Company’s consolidated balance sheet. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable ordinary shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable Class A ordinary shares resulted in charges against additional paid-in At December 31, 2021, the Class A ordinary shares reflected in the consolidated balance sheet are reconciled in the following table: Gross proceeds $ 345,000,000 Less: Proceeds allocated to Public Warrants (11,270,000 ) Class A ordinary shares issuance costs (18,881,972 ) Plus: Accretion of carrying value to redemption value 30,151,972 Class A ordinary shares subject to possible redemption $ 345,000,000
Warrant Liabilities		Warrant Liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, 815-40 re-measurement
Income Taxes		Income Taxes The Company accounts for income taxes under ASC Topic 740, “Income Taxes,” which prescribes a recognition threshold and a measurement attribute for the consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of December 31, 2021 and 2020, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is considered to be an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.
Net income (Loss) per Ordinary Share		Net Income (Loss) Per Ordinary Share The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. The Company has two classes of shares, which are referred to as Class A ordinary shares and Class B ordinary shares. Income and losses are shared pro rata between the two classes of shares. Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. Accretion associated with the redeemable shares of Class A ordinary shares is excluded from earnings per share as the redemption value approximates fair value. The calculation of diluted income (loss) per ordinary share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, and (ii) the private placement since the exercise of the warrants is contingent upon the occurrence of future events. The warrants are exercisable to purchase 19,300,000 Class A ordinary shares in the aggregate. As of December 31, 2021 and 2020, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted net income (loss) per ordinary share is the same as basic net income (loss) per ordinary share for the periods presented. The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except share amounts): Year Ended For the Period from Class A Class B Class A Class B Basic and diluted net loss per ordinary share Numerator: Allocation of net loss $ (1,886,704 ) $ (563,891 ) $ — $ (6,093 ) Denominator: Basic and diluted weighted average shares outstanding 28,167,123 8,418,493 — 7,500,000 Basic and diluted net loss per ordinary share $ (0.07 ) $ (0.07 ) $ — $ (0.00 )
Concentration of Credit Risk		Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.
Fair Value of Financial Instruments		Fair Value of Financial Instruments The fair value of the Company’s warrant liabilities does not approximate their carrying amount and as such, the warrant liabilities are recorded at fair value on the Company’s consolidated balance sheets. The fair value of the Company’s assets and other liabilities which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximate the carrying amounts represented in the accompanying consolidated balance sheets, primarily due to their short-term nature, other than the warrant liabilities (see Note 9).
Recent Accounting Standards		Recent Accounting Standards In August 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-06, 470-20) 815-40) 2020-06”) 2020-06 2020-06 if-converted 2020-06 2020-06 2020-06 Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policies)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	Organization and Business Terran Orbital Corporation, formerly known as Tailwind Two Acquisition Corp. (“Tailwind Two”), together with its wholly-owned subsidiaries (the “Company”), is a leading manufacturer of small satellites primarily serving the United States (“U.S.”) aerospace and defense industry. Through its subsidiary Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), the Company provides end-to-end in-orbit	Organization and Business Terran Orbital Corporation and its subsidiaries (the “Company”) is a leading manufacturer of small satellites primarily serving the United States (“U.S.”) aerospace and defense industry. Through its subsidiary Tyvak Nano-Satellite Systems, Inc. (“Tyvak”), the Company provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of its customers. The Company accesses the international market through both Tyvak and its Torino, Italy based subsidiary, Tyvak International S.R.L. (“Tyvak International”). Through its subsidiary PredaSAR Corporation (“PredaSAR”), the Company is developing what it believes will be the world’s largest, most advanced NextGen Earth observation constellation to provide persistent, real-time Earth imagery.
Tailwind Two Merger	Tailwind Two Merger Prior to March 25, 2022, Tailwind Two was a publicly listed special purpose acquisition company incorporated as a Cayman Islands exempted company. On March 25, 2022, Tailwind Two acquired Terran Orbital Operating Corporation, formerly known as Terran Orbital Corporation (“Legacy Terran Orbital”) (the “Tailwind Two Merger”). In connection with the Tailwind Two Merger, Tailwind Two filed a notice of deregistration with the Cayman Islands Registrar of Companies and filed a certificate of incorporation and a certificate of corporate domestication with the Secretary of State of the State of Delaware, resulting in Tailwind Two becoming a Delaware corporation and changing its name from Tailwind Two to Terran Orbital Corporation. The Tailwind Two Merger resulted in Legacy Terran Orbital becoming a wholly-owned subsidiary of Terran Orbital Corporation. As a result of the Tailwind Two Merger, all of Legacy Terran Orbital’s issued and outstanding common stock was converted into shares of Terran Orbital Corporation’s common stock using an exchange ratio of 27.585 shares of Terran Orbital Corporation’s common stock per each share of Legacy Terran Orbital’s common stock. In addition, Legacy Terran Orbital’s convertible preferred stock and certain warrants were exercised and converted into shares of Legacy Terran Orbital’s common stock immediately prior to the Tailwind Two Merger, and in turn, were converted into shares of Terran Orbital Corporation’s common stock as a result of the Tailwind Two Merger. Further, in connection with the Tailwind Two Merger, Legacy Terran Orbital’s share-based compensation plan and related share-based compensation awards were cancelled and exchanged or converted, as applicable, with a new share-based compensation plan and related share-based compensation awards of Terran Orbital Corporation. While Legacy Terran Orbital became a wholly-owned subsidiary of Terran Orbital Corporation, Legacy Terran Orbital was deemed to be the acquirer in the Tailwind Two Merger for accounting purposes. Accordingly, the Tailwind Two Merger was accounted for as a reverse recapitalization, in which case the condensed consolidated financial statements of the Company represent a continuation of Legacy Terran Orbital and the issuance of common stock in exchange for the net assets of Tailwind Two recognized at historical cost and no recognition of goodwill or other intangible assets. Operations prior to the Tailwind Two Merger are those of Legacy Terran Orbital and all share and per-share pre-merger In connection with the Tailwind Two Merger, approximately $29 million of cash and marketable securities held in trust, net of redemptions by Tailwind Two’s public shareholders, became available for use by the Company as well as proceeds received from the contemporaneous sale of common stock in connection with the closing of a PIPE investment with a contractual amount of $51 million (the “PIPE Investment”). In addition, the Company received additional proceeds from the issuance of debt contemporaneously with the Tailwind Two Merger. The aggregate cash raised will be used for general corporate purposes, the partial paydown of debt, the payment of transaction costs and the payment of other costs directly or indirectly attributable to the Tailwind Two Merger. Beginning on March 28, 2022, the Company’s common stock and public warrants began trading on the New York Stock Exchange (the “NYSE”) under the symbols “LLAP” and “LLAP WS,” respectively.	Tailwind Two Merger On October 28, 2021, the Company entered into a merger agreement (together with subsequent amendments, the “Merger Agreement”) with Tailwind Two Acquisition Corp. (“Tailwind Two”), a publicly listed special purpose acquisition company. On March 25, 2022, the Company completed the merger with Tailwind Two (the “Tailwind Two Merger”), which resulted in the Company becoming a wholly-owned subsidiary of Tailwind Two. In connection with the Tailwind Two Merger, Tailwind Two was renamed Terran Orbital Corporation (“New Terran Orbital”) and the Company was renamed Terran Orbital Operating Corporation. As a result of the Tailwind Two Merger, all of the Company’s issued and outstanding common stock was converted into shares of New Terran Orbital’s common stock using an exchange ratio of 27.585 shares of New Terran Orbital common stock per each share of the Company’s common stock. In addition, the Company’s convertible preferred stock and certain warrants were exercised and converted into shares of the Company’s common stock immediately prior to the Tailwind Two Merger, and in turn, were converted into shares of New Terran Orbital’s common stock as a result of the Tailwind Two Merger. Further, in connection with the Tailwind Two Merger, the Company’s share-based compensation plan and related share-based compensation awards were cancelled and exchanged or converted, as applicable, with a new share-based compensation plan and related share-based compensation awards of New Terran Orbital. While the Company became a wholly-owned subsidiary of New Terran Orbital, the Company is deemed to be the acquirer in the Tailwind Two Merger for accounting purposes. Accordingly, the Tailwind Two Merger will be accounted for as a reverse recapitalization, in which case the net assets of Tailwind Two will be stated at historical cost and no goodwill or other intangible assets will be recorded in connection with the Tailwind Two Merger. The treatment of the Tailwind Two Merger as a reverse recapitalization is based upon the pre-merger In connection with the Tailwind Two Merger, approximately $29 million of cash and marketable securities held in trust, net of redemptions by Tailwind Two’s public shareholders, became available for use by New Terran Orbital as well as approximately $51 million of cash that was raised by Tailwind Two through a contemporaneous sale of common stock in connection with the closing of a PIPE investment (the “PIPE Investment”). In addition, the Company received additional proceeds from the issuance of debt contemporaneously with the Tailwind Two Merger. The cash available for use by New Terran Orbital will be used for general corporate purposes as well as to pay for transaction costs incurred by both the Company and Tailwind Two, deferred underwriting fees related to Tailwind Two’s initial public offering, portions of the Company’s outstanding debt and other costs directly or indirectly attributable to the Tailwind Two Merger.
Basis of Presentation and Significant Accounting Policies	Basis of Presentation and Significant Accounting Policies The preparation of the condensed consolidated financial statements in accordance with generally accepted accounting principles in the U.S. (“GAAP”) requires the Company to select accounting policies and make estimates that affect amounts reported in the condensed consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The condensed consolidated financial statements included herein are unaudited, but in the opinion of management, they include all adjustments, consisting of normal recurring adjustments, necessary to summarize fairly the Company’s financial position, results of operations, and cash flows for the interim periods presented. The interim results reported in these condensed consolidated financial statements should not be taken as indicative of results that may be expected for future interim periods or the full year. For a more comprehensive understanding of the Company and its interim results, these condensed consolidated financial statements should be read in conjunction with Legacy Terran Orbital’s audited consolidated financial statements as of and for the years ended December 31, 2021 and 2020 included in the registration statement on Form S-1 S-1”). The Company’s accounting policies used in the preparation of these condensed consolidated financial statements do not differ from those used for the annual consolidated financial statements of Legacy Terran Orbital, unless otherwise noted. The condensed consolidated balance sheet as of December 31, 2021 included herein was derived from the audited consolidated financial statements of Legacy Terran Orbital as of that date but does not include all the footnote disclosures from the annual consolidated financial statements. The condensed consolidated financial statements include the accounts of Terran Orbital Corporation and its subsidiaries, and have been prepared in U.S. dollars in accordance with GAAP. All intercompany transactions have been eliminated.	Basis of Presentation and Significant Accounting Policies The preparation of the consolidated financial statements in accordance with generally accepted accounting principles in the U.S. (“GAAP”) requires the Company to select accounting policies and make estimates that affect amounts reported in the consolidated financial statements and the accompanying notes. The Company’s estimates are based on the relevant information available at the end of each period. Actual results could differ materially from these estimates under different assumptions or market conditions. The consolidated financial statements include the accounts of Terran Orbital Corporation and its subsidiaries, and have been prepared in U.S. dollars in accordance with GAAP. All intercompany transactions have been eliminated. Information on accounting policies and methods related to revenue and receivables, inventory, property, plant and equipment, debt, warrants and derivatives, fair value of financial instruments, mezzanine equity and shareholders’ deficit, share-based compensation, net loss per share, income taxes, commitments and contingencies, and segment information is included in the respective notes that follow. Below is a discussion of accounting policies and methods used in the consolidated financial statements that are not presented in other notes.
COVID-19 Pandemic	COVID-19 During March 2020, the World Health Organization declared the outbreak of a novel coronavirus as a pandemic (the “COVID-19 COVID-19 The COVID-19 COVID-19 COVID-19 COVID-19	COVID-19 During March 2020, the World Health Organization declared the outbreak of a novel coronavirus as a pandemic (the “COVID-19 COVID-19 The COVID-19 COVID-19 COVID-19 COVID-19
Foreign Currency Translation and Transaction Gains and Losses		Foreign Currency Translation and Transaction Gains and Losses The Company’s reporting currency is the U.S. dollar. The financial statements of the Company’s foreign subsidiary are translated from its functional currency, which is the Euro, into U.S. dollars using the foreign exchange rates applicable to the dates of the financial statements. Assets and liabilities are translated using the end-of-period For any transaction that is denominated in a currency different from the entity’s functional currency, a gain or loss is recognized in other (income) expense in the consolidated statements of operations and comprehensive loss based on the difference between the foreign exchange rate at the transaction date and the foreign exchange rate at the transaction settlement date or end-of-period
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less from the time of purchase.	Cash and Cash Equivalents Cash and cash equivalents consist of cash on hand and highly liquid investments with original maturities of three months or less from the time of purchase.
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following as of the dates presented: (in thousands) March 31, 2022 December 31, Deferred debt commitment costs $ — $ 46,632 Deferred equity issuance costs — 6,085 Deferred cost of sales 1,585 2,950 Other current assets 4,673 1,972 Prepaid expenses and other current assets $ 6,258 $ 57,639 Deferred debt commitment costs relate to warrants and other consideration transferred in association with a financing arrangement entered into in anticipation of the Tailwind Two Merger. The deferred debt commitment costs were reclassified to discount on debt and deferred issuance costs in connection with the issuance of the associated debt in March 2022. Refer to Note 5 “Debt” and Note 6 “Warrants and Derivatives” for further discussion. Deferred equity issuance costs relate to direct and incremental legal, accounting, and other transaction costs incurred in connection with the Tailwind Two Merger. Upon closing of the Tailwind Two Merger, the deferred equity issuance costs were reclassified as a reduction to additional paid-in	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following as of the periods presented: December 31, (in thousands) 2021 2020 Deferred debt commitment costs $ 46,632 $ — Deferred equity issuance costs 6,085 — Deferred cost of sales 2,950 3,573 Other current assets 1,972 1,643 Prepaid expenses and other current assets $ 57,639 $ 5,216 Deferred debt commitment costs relate to warrants and other consideration transferred associated with a financing arrangement entered into in anticipation of the Tailwind Two Merger. The deferred debt commitment costs will be reclassified to discount on debt in connection with the issuance of the associated debt in March 2022. Refer to Note 5 “Debt” and Note 6 “Warrants and Derivatives” for further discussion. Deferred equity issuance costs relate to direct and incremental legal, accounting, and other transaction costs incurred in connection with the Tailwind Two Merger. Upon closing of the Tailwind Two Merger, the deferred equity issuance costs will be reclassified as a reduction to additional paid-in
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following as of the dates presented: (in thousands) March 31, 2022 December 31, Current warrant and derivative liabilities (1) $ — $ 68,518 Payroll-related accruals 8,547 5,771 Current operating lease liabilities 834 — Accrued interest 298 — Other current liabilities 3,403 1,847 Accrued expenses and other current liabilities $ 13,082 $ 76,136 (1) Refer to Note 6 “Warrants and Derivatives” for further discussion.	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following as of the periods presented: December 31, (in thousands) 2021 2020 Current warrant and derivative liabilities (1) $ 68,518 $ — Payroll-related accruals 5,771 1,834 Other current liabilities 1,847 797 Accrued expenses and other current liabilities $ 76,136 $ 2,631 (1) Refer to Note 6 “Warrants and Derivatives” for further discussion.
Research and Development	Research and Development Research and development includes materials, labor, and overhead allocations attributable to the development of new products and solutions and significant improvements to existing products and solutions. Research and development costs are expensed as incurred and recognized in selling, general, and administrative expenses in the condensed consolidated statements of operations and comprehensive loss. Research and development expense was $1.9 million and $340 thousand during the three months ended March 31, 2022 and 2021, respectively.	Research and Development Research and development includes materials, labor, and overhead allocations attributable to the development of new products and solutions and significant improvements to existing products and solutions. Research and development costs are expensed as incurred and recognized in selling, general, and administrative expenses in the consolidated statements of operations and comprehensive loss. Research and development expense was $1.9 million and $1.3 million during 2021 and 2020, respectively.
Retirement Plans		Retirement Plans The Company maintains a qualified defined contribution plan for U.S. employees in the form of a 401(k) plan. Employee participants are permitted to make contributions on a before-tax The Company maintains a defined contribution plan for Tyvak International employees. The Company’s contributions to the plan were not material during 2021 and 2020.
Concentration of Credit Risks	Concentration of Credit Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and accounts receivable. The majority of the Company’s cash and cash equivalents are held at major financial institutions. Certain account balances exceed the Federal Deposit Insurance Corporation insurance limits of $250,000 per account. As a result, there is a concentration of credit risk related to amounts in excess of the insurance limits. The Company regularly monitors the financial stability of these financial institutions and believes that there is no exposure to any significant credit risk in cash and cash equivalents. Concentrations of credit risk with respect to accounts receivable are limited because the Company performs credit evaluations, sets credit limits, and monitors the payment patterns of its customers. The table below presents individual customers who accounted for more than 10% of the Company’s revenue for the periods presented: Three Months Ended March 31, 2022 2021 Customer A 77 % 37 % Customer B 1 % 16 % Total 78 % 53 % The table below presents individual customers who accounted for more than 10% of the Company’s accounts receivable, net of allowance for credit losses, as of the dates presented: March 31, 2022 December 31, Customer A 82 % 14 % Customer B 6 % 32 % Customer C 3 % 13 % Customer D 2 % 19 % Customer E 2 % 10 % Total 95 % 88 %
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument off-balance adopte Lease Accounting ASU 2016-02 , Leases (Topic 842) right-of-use adopte non-lease Upon transition to the guidance as of the date of adoption, the Company recognized operating lease liabilities on the condensed consolidated balance sheets with a corresponding amount of right-of-use The net impact of the adoption to the condensed consolidated balance sheet was as follows: (in thousands) December 31, 2021 Lease Standard January 1, 2022 Assets Other assets $ 639 $ 6,550 $ 7,189 Liabilities Accrued expenses and other current liabilities 76,136 166 76,302 Other liabilities 2,028 6,384 8,412	Recently Adopted Accounting Pronouncements Financial Accounting Standards Board (“FASB”) Accounting Standard Update (“ASU”) 2020-06, Debt with Conversion and Other Options (Subtopic 470-20) 815-40): ASU 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract implementation costs incurred to develop or obtain internal-use
Recently Issued Accounting Pronouncements		Recently Issued Accounting Pronouncements ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instrument off-balance The CECL model requires an entity to estimate credit losses expected over the life of an exposure, considering information about historical events, current conditions, and reasonable and supportable forecasts and is generally expected to result in earlier recognition of credit losses. The Company plans to adopt this guidance on January 1, 2022 with the cumulative effect of adoption as an adjustment to accumulated deficit, if any. The impact of adoption is not anticipated to be material.
Lease Accounting		Lease Accounting ASU 2016-02 , Leases (Topic 842) right-of-use The guidance is to be adopted using a modified retrospective approach or an optional transition method. The Company has elected to adopt the guidance using the optional transition method, which allows the Company to apply the guidance at the adoption date and recognize a cumulative effect adjustment to the opening balance of accumulated deficit, if any, in the period of adoption with no restatement of comparative periods. As part of the adoption, the Company has elected to apply the package of transitional practical expedients under which the Company will not reassess prior conclusions about lease identification, lease classification, and initial direct costs of existing leases as of the date of adoption. Additionally, the Company has elected the practical expedients to not separate non-lease The Company has performed an impact analysis of the guidance and is in the final phase of implementing the guidance, which includes analyzing the impact of the guidance on existing lease contracts, reviewing the completeness of the existing lease portfolio, comparing accounting policies under current accounting guidance to the new accounting guidance, and implementing a new lease accounting system. Upon transition to the guidance as of the date of adoption, the Company expects to recognize approximately $7 million to $9 million of operating lease liabilities on the consolidated balance sheets, with a corresponding amount of right-of-use

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Summary of Prepaid expenses and other current assets	Prepaid expenses and other current assets consisted of the following as of the dates presented: (in thousands) March 31, 2022 December 31, Deferred debt commitment costs $ — $ 46,632 Deferred equity issuance costs — 6,085 Deferred cost of sales 1,585 2,950 Other current assets 4,673 1,972 Prepaid expenses and other current assets $ 6,258 $ 57,639	Prepaid expenses and other current assets consisted of the following as of the periods presented: December 31, (in thousands) 2021 2020 Deferred debt commitment costs $ 46,632 $ — Deferred equity issuance costs 6,085 — Deferred cost of sales 2,950 3,573 Other current assets 1,972 1,643 Prepaid expenses and other current assets $ 57,639 $ 5,216
Summary of Accrued expenses and other current liabilities		Accrued expenses and other current liabilities consisted of the following as of the periods presented: December 31, (in thousands) 2021 2020 Current warrant and derivative liabilities (1) $ 68,518 $ — Payroll-related accruals 5,771 1,834 Other current liabilities 1,847 797 Accrued expenses and other current liabilities $ 76,136 $ 2,631 (1) Refer to Note 6 “Warrants and Derivatives” for further discussion.
Summary of individual customers	The table below presents individual customers who accounted for more than 10% of the Company’s revenue for the periods presented: Three Months Ended March 31, 2022 2021 Customer A 77 % 37 % Customer B 1 % 16 % Total 78 % 53 % The table below presents individual customers who accounted for more than 10% of the Company’s accounts receivable, net of allowance for credit losses, as of the dates presented: March 31, 2022 December 31, Customer A 82 % 14 % Customer B 6 % 32 % Customer C 3 % 13 % Customer D 2 % 19 % Customer E 2 % 10 % Total 95 % 88 %	The table below presents individual customers who accounted for more than 10% of the Company’s revenue for the periods presented: Year Ended December 31, 2021 2020 Customer A 50 % 22 % Customer B 6 % 13 % Total 56 % 35 % The table below presents individual customers who accounted for more than 10% of the Company’s accounts receivable, net of allowance for credit losses, as of the periods presented: December 31, 2021 2020 Customer A 32 % 9 % Customer B 19 % 37 % Customer C 14 % 15 % Customer D 13 % 3 % Customer E 10 % 9 % Total 88 % 73 %
Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following as of the dates presented: (in thousands) March 31, 2022 December 31, Current warrant and derivative liabilities (1) $ — $ 68,518 Payroll-related accruals 8,547 5,771 Current operating lease liabilities 834 — Accrued interest 298 — Other current liabilities 3,403 1,847 Accrued expenses and other current liabilities $ 13,082 $ 76,136 (1) Refer to Note 6 “Warrants and Derivatives” for further discussion.
Accounting Standards Update 2016-02 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Schedule of Net Impact of Adoption in Condensed Consolidated Balance Sheet	The net impact of the adoption to the condensed consolidated balance sheet was as follows: (in thousands) December 31, 2021 Lease Standard January 1, 2022 Assets Other assets $ 639 $ 6,550 $ 7,189 Liabilities Accrued expenses and other current liabilities 76,136 166 76,302 Other liabilities 2,028 6,384 8,412

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Schedule of calculation of basic and diluted net income (loss) per ordinary share	The computations of basic and diluted net loss per share for the periods presented were as follows: Three Months Ended March 31, (in thousands, except per share and share amounts) 2022 2021 Numerator: Net loss $ (71,372 ) $ (77,496 ) Denominator: Weighted-average shares outstanding - basic and diluted 83,643,940 71,431,259 Net loss per share - basic and diluted $ (0.85 ) $ (1.08 )	The computations of basic and diluted net loss per share for the periods presented were as follows: Years Ended December 31, (in thousands, except per share and share amounts) 2021 2020 Numerator: Net loss $ (138,982 ) $ (10,455 ) Denominator: Weighted-average shares outstanding - basic and diluted 2,780,993 2,403,755 Net loss per share - basic and diluted $ (49.98 ) $ (4.35 )
TAILWIND TWO ACQUISITION CORP.
Reconciliation of class A ordinary shares		At December 31, 2021, the Class A ordinary shares reflected in the consolidated balance sheet are reconciled in the following table: Gross proceeds $ 345,000,000 Less: Proceeds allocated to Public Warrants (11,270,000 ) Class A ordinary shares issuance costs (18,881,972 ) Plus: Accretion of carrying value to redemption value 30,151,972 Class A ordinary shares subject to possible redemption $ 345,000,000
Schedule of calculation of basic and diluted net income (loss) per ordinary share		Year Ended For the Period from Class A Class B Class A Class B Basic and diluted net loss per ordinary share Numerator: Allocation of net loss $ (1,886,704 ) $ (563,891 ) $ — $ (6,093 ) Denominator: Basic and diluted weighted average shares outstanding 28,167,123 8,418,493 — 7,500,000 Basic and diluted net loss per ordinary share $ (0.07 ) $ (0.07 ) $ — $ (0.00 )

Revenue and Receivables (Tables

Revenue and Receivables (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
RevenueFromContractWithCustomerAndReceivables [Abstract]
Summary of Disaggregation of Revenue	The following tables presents the Company’s disaggregated revenue by offering and customer type for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Mission support $ 12,770 $ 8,747 Launch support 36 692 Operations 192 644 Studies, design and other 122 411 Revenue $ 13,120 $ 10,494 Three Months Ended March 31, (in thousands) 2022 2021 U.S. Government contracts Fixed price $ 8,492 $ 5,478 Cost-plus fee 2,272 676 10,764 6,154 Foreign government contracts Fixed price 556 543 Commercial contracts Fixed price, U.S. 1,650 2,192 Fixed price, International 150 1,577 Cost-plus fee — 28 1,800 3,797 Revenue $ 13,120 $ 10,494	The following tables presents the Company’s disaggregated revenue by offering and customer type for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Mission support $ 37,109 $ 19,362 Launch support 1,144 1,304 Operations 2,039 2,558 Studies, design and other 614 1,655 Revenue $ 40,906 $ 24,879 Years Ended December 31, (in thousands) 2021 2020 U.S. Government contracts Fixed price $ 17,036 $ 8,871 Cost-plus fee 4,912 3,053 21,948 11,924 Foreign government contracts Fixed price 4,623 884 Commercial contracts Fixed price, U.S. 9,005 5,602 Fixed price, International 5,210 6,414 Cost-plus fee 120 55 14,335 12,071 Revenue $ 40,906 $ 24,879
Summary of Accounts Receivable, Allowance for Credit Loss	The following table presents changes in the allowance for credit losses for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Beginning balance $ (945 ) $ (635 ) Adoption of CECL (39 ) — Provision for credit losses (26 ) (99 ) Write-offs 127 3 Ending balance $ (883 ) $ (731 )	The following table presents changes in the allowance for credit losses for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Beginning balance $ (635 ) $ (116 ) Provision for credit losses (407 ) (794 ) Write-offs 97 275 Ending balance $ (945 ) $ (635 )
Summary of Contract Assets Net, Recognized in Condensed Consolidated Balance Sheets	The following is a summary of contract assets, net, recognized in the condensed consolidated balance sheets as of the dates presented: (in thousands) March 31, 2022 January 1, (1) Contract assets, gross $ 3,685 $ 2,757 Allowance for credit losses (76 ) (82 ) Contract assets, net $ 3,609 $ 2,675 (1) Balances reflected are subsequent to the adoption of CECL on January 1, 2022.

INVENTORY (Tables)

INVENTORY (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	The components of inventory as of the dates presented were as follows: (in thousands) March 31, 2022 December 31, Raw materials $ 5,994 $ 4,782 Work in process 3,197 3,001 Total inventory $ 9,191 $ 7,783	The components of inventory as of the periods presented were as follows: December 31, (in thousands) 2021 2020 Raw materials $ 4,782 $ 681 Work in process 3,001 2,138 Total inventory $ 7,783 $ 2,819

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment	Depreciation expense is calculated using the sum-of-the-years’ Machinery and equipment 5-7 Satellites 3-5 Ground station equipment 5-7 Office equipment and furniture 5-7 Computer equipment and software 3-5 Leasehold improvements Shorter of the estimated useful life or remaining lease term	Depreciation expense is calculated using the sum-of-the-years’ Machinery and equipment 5-7 Satellites 3-5 Ground station equipment 5-7 Office equipment and furniture 5-7 Computer equipment and software 3-5 Leasehold improvements Shorter of the estimated useful life or remaining lease term
Schedule Of Property Plant And Equipment	The gross carrying amount, accumulated depreciation and net carrying amount of property, plant and equipment, net as of the dates presented were as follows: (in thousands) March 31, December 31, Machinery and equipment $ 7,595 $ 7,607 Satellites 2,209 2,209 Ground station equipment 1,944 1,944 Office equipment and furniture 2,292 2,239 Computer equipment and software 141 142 Leasehold improvements 8,911 8,533 Construction in process 26,959 23,647 Property, plant and equipment, gross 50,051 46,321 Accumulated depreciation (11,717 ) (10,791 ) Property, plant and equipment, net $ 38,334 $ 35,530	The gross carrying amount, accumulated depreciation and net carrying amount of property, plant and equipment, net as of the periods presented were as follows: December 31, (in thousands) 2021 2020 Machinery and equipment $ 7,607 $ 5,742 Satellites 2,209 — Ground station equipment 1,944 1,331 Office equipment and furniture 2,239 2,106 Computer equipment and software 142 149 Leasehold improvements 8,533 7,391 Construction in process 23,647 10,039 Property, plant and equipment, gross 46,321 26,758 Accumulated depreciation (10,791 ) (7,237 ) Property, plant and equipment, net $ 35,530 $ 19,521

Debt (Tables)

Debt (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Long-term debt as of the presented dates was comprised of the following: (in thousands) Description Issued Maturity Interest Interest March 31, 2022 December 31, 2021 Francisco Partners Facility November 2021 April 2026 9.25% Quarterly $ 120,023 $ 30,289 Senior Secured Notes due 2026 (1) March 2021 April 2026 9.25% and Quarterly 56,267 94,686 PIPE Investment Obligation March 2022 December 2025 N/A N/A 28,125 — Finance leases N/A N/A N/A N/A 49 53 Unamortized deferred issuance costs (2,115) (761) Unamortized discount on debt (99,905) (9,119) Total debt 102,444 115,148 Current portion of long-term debt 7,515 14 Long-term debt $ 94,929 $ 115,134 (1) - Includes the Lockheed Martin Rollover Debt and Beach Point Rollover Debt, each as defined below. N/A - Not meaningful or applicable	Long-term debt as of the presented periods was comprised of the following: (in thousands) December 31, Description Issued Maturity Interest Interest 2021 2020 Pre-Combination November 2021 November 2026 9.25% Quarterly 30,289 — Senior Secured Notes due 2026 March 2021 April 2026 11.00% Quarterly 94,686 — Convertible Notes due 2028 July and August 2018 July 2028 3.05% 6/30 and 12/31 — 36,654 PPP Loan May 2020 May 2022 1.00% Monthly — 2,537 Finance leases N/A N/A N/A N/A 53 49 Unamortized deferred issuance costs (761 ) (2,208 ) Unamortized discount on debt (9,119 ) — Total debt 115,148 37,032 Current portion of long-term debt 14 1,403 Long-term debt $ 115,134 $ 35,629

Warrants and Derivatives (Table

Warrants and Derivatives (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Disclosure of Warrants and Derivatives [Abstract]
Summary of Fair values of Liability Classified Warrants and Derivatives Recorded in Warrant Liabilities	The fair values of liability-classified warrants recorded in warrant liabilities on the condensed consolidated balance sheets as of the presented dates were as follows: (in thousands, except share and per share amounts) Number of March 31, Issuance Maturity Exercise March 31, December 31, Inducement Warrants — March 2021 March 2041 $ 0.01 $ — $ 5,631 Public Warrants 11,499,960 March 2021 March 2027 $ 11.50 5,750 — Private Placement Warrants 7,800,000 March 2021 March 2027 $ 11.50 3,900 — FP Combination Warrants 8,291,704 March 2022 March 2027 $ 10.00 25,966 — Warrant liabilities 27,591,664 $ 35,616 $ 5,631	The fair values of liability-classified warrants and derivatives recorded in warrant liabilities on the consolidated balance sheets as of December 31, 2021 were as follows: (in thousands, except share amounts) Number of Issuance Maturity Fair Value Inducement Warrants 17,230 March 2021 March 2041 $ 5,631 Warrant liabilities $ 5,631
Summary of Fair values of Liability Classified Warrants and Derivatives Recorded in Accrued Expenses and Other Current Liabilities	The fair values of liability-classified warrants and derivatives recorded in accrued expenses and other current liabilities on the consolidated balance sheets as of the presented dates were as follows: (in thousands) March 31, 2022 December 31, FP Pre-Combination $ — $ 2,546 Pre-Combination — 849 FP Combination Warrants — 27,682 Combination Warrants — 7,602 FP Combination Equity — 24,110 Combination Equity — 5,729 Current warrant and derivative liabilities $ — $ 68,518	The fair values of liability-classified warrants and derivatives recorded in accrued expenses and other current liabilities on the consolidated balance sheets as of December 31, 2021 were as follows: (in thousands) Fair Value FP Pre-Combination Warrants $ 2,546 Pre-Combination Warrants 849 FP Combination Warrants 27,682 Combination Warrants 7,602 FP Combination Equity 24,110 Combination Equity 5,729 Current warrant and derivative liabilities $ 68,518
Summary Of Fair Value Liability Classified Warrants and Derivatives Measured on Recurring Basis Unobservable Input Reconciliation	The changes in fair value of liability-classified warrants and derivatives during the three months ended March 31, 2022 were as follows: (in thousands) Current Warrant and Derivative Liabilities Warrant Liabilities Total Beginning balance $ 68,518 $ 5,631 $ 74,149 Initial recognition from Tailwind Two Merger — 13,124 13,124 Change in fair 13,342 (1,489 ) 11,853 Reclassification of current warrant and derivative liabilities to warrant liabilities (25,966 ) 25,966 — Reclassification of liability-classified warrants and derivatives to equity-classified (11,007 ) — (11,007 ) Net settlement of liability-classified warrants into common stock — (7,616 ) (7,616 ) Issuance of contingently issuable shares (44,887 ) — (44,887 ) Ending balance $ — $ 35,616 $ 35,616	The changes in fair value of liability-classified warrants and derivatives during 2021 were as follows: (in thousands) Current Warrant Warrant Total Beginning balance $ — $ — $ — Initial recognition from discount on debt 14,240 2,519 16,759 Initial recognition from deferred debt commitment costs 42,247 — 42,247 Initial recognition from loss on extinguishment of debt 15,002 1,857 16,859 Change in fair value of warrant and derivative liabilities (2,971 ) 1,255 (1,716 ) Ending balance $ 68,518 $ 5,631 $ 74,149

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Summary of Long Term Debt Instruments	The following table presents the total net carrying amount and estimated fair value of the Company’s long-term debt instruments, excluding finance leases, as of the dates presented: March 31, 2022 December 31, 2021 (in thousands) Carrying Fair Value Carrying Fair Value Long-term debt $ 91,264 $ 173,524 $ 115,095 $ 124,221 PIPE Investment Obligation 11,131 25,075 — —	The following table presents the total net carrying amount and estimated fair value of the Company’s long-term debt instruments, excluding finance leases and the PPP Loan, as of the periods presented: December 31, 2021 December 31, 2020 (in thousands) Carrying Fair Value Carrying Fair Value Long-term debt $ 115,095 $ 124,221 $ 34,446 $ 106,679
Tailwind Two Acquisition Corp [Member]
Summary of gross holding gain and fair value of held-to-maturity securities		Held-To-Maturity Amortized Cost Gross Holding Gain Fair Value December 31, 2021 U.S. Treasury Securities (Mature on 01/04/2022) (1) $ 345,088,635 $ 1,365 $ 345,090,000
Schedule of company's liabilities that are measured at fair value on a recurring basis		Description Level December 31, 2021 Liabilities: Warrant Liability – Public Warrants 1 $ 9,775,000 Warrant Liability – Private Placement Warrants 2 $ 6,630,000
Schedule of change in the fair value of the warrant liabilities (level 3 measurements)		Private Placement Public Warrant Liabilities Fair value as of January 1, 2021 $ — $ — $ — Initial measurement on March 9, 2021 7,644,000 11,270,000 18,914,000 Change in fair value 156,000 230,000 386,000 Transfer to Level 1 — (11,500,000 ) (11,500,000 ) Transfer to Level 2 (7,800,000 ) — (7,800,000 ) Fair value as of December 31, 2021 $ — $ — $ —

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2021
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Lessee, Operating Lease, Liability, Maturity	The Company’s future minimum lease payments under non-cancelable (in thousands) Operating Leases Finance Leases 2022 $ 3,484 $ 21 2023 4,865 21 2024 4,970 11 2025 4,928 8 2026 4,896 7 Thereafter 5,167 — Subtotal 28,310 68 Less interest on finance leases — 15 Total $ 28,310 $ 53

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of anti dilutive securities	The table below represents the anti-dilutive securities that could potentially be dilutive in the future for the periods presented: Three Months Ended (in shares of common stock) 2022 2021 Series A Preferred Stock — 10,947,686 Stock options 1,938,804 2,836,655 Restricted stock units 16,076,087 14,121,542 Detachable Warrants — 26,029,630 Inducement Warrants — 479,208 FP Combination Warrants 8,291,704 — Combination Warrants 2,763,902 — Public Warrants 11,499,960 — Private Placement Warrants 7,800,000 PIPE Investment Obligation 3,270,349 —	The table below represents the anti-dilutive securities that could potentially be dilutive in the future for the periods presented: December 31, (in shares of common stock) 2021 2020 Convertible Notes due 2028 — 940,160 Series A Preferred Stock 396,870 396,870 Series Seed Preferred Stock — 25,000 Stock options 76,956 115,791 Restricted stock units 536,626 — PredaSAR stock options — 1,967 Warrants 1,060,023 —
Schedule of earnings per share basic and diluted	The computations of basic and diluted net loss per share for the periods presented were as follows: Three Months Ended March 31, (in thousands, except per share and share amounts) 2022 2021 Numerator: Net loss $ (71,372 ) $ (77,496 ) Denominator: Weighted-average shares outstanding - basic and diluted 83,643,940 71,431,259 Net loss per share - basic and diluted $ (0.85 ) $ (1.08 )	The computations of basic and diluted net loss per share for the periods presented were as follows: Years Ended December 31, (in thousands, except per share and share amounts) 2021 2020 Numerator: Net loss $ (138,982 ) $ (10,455 ) Denominator: Weighted-average shares outstanding - basic and diluted 2,780,993 2,403,755 Net loss per share - basic and diluted $ (49.98 ) $ (4.35 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Segment Reporting [Abstract]
Summary of revenue and loss from operations by segment	The following table presents revenue by segment and a reconciliation to consolidated revenue for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Satellite Solutions $ 12,974 $ 10,494 Earth Observation Solutions 146 — Revenue $ 13,120 $ 10,494 The following table presents loss from operations by segment for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Satellite Solutions $ (6,048 ) $ (980 ) Earth Observation Solutions (660 ) (912 ) Loss from operations by segment $ (6,708 ) $ (1,892 )	The following table presents revenue by segment and a reconciliation to consolidated revenue for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Satellite Solutions $ 40,736 $ 24,860 Earth Observation Solutions 170 19 Revenue $ 40,906 $ 24,879 The following table presents loss from operations by segment for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Satellite Solutions $ (3,326 ) $ (2,128 ) Earth Observation Solutions (4,274 ) (2,703 ) Loss from operations by segment $ (7,600 ) $ (4,831 )
Summary of reconciliation of loss from operations by segment to consolidated loss from operations and net loss	The following table presents a reconciliation of loss from operations by segment to consolidated loss from operations and net loss for the periods presented: Three Months Ended March 31, (in thousands) 2022 2021 Loss from operations by segment $ (6,708 ) $ (1,892 ) Corporate and other (9,007 ) (3,853 ) Share-based compensation expense (17,335 ) (168 ) Loss from operations (33,050 ) (5,913 ) Interest expense, net 2,923 907 Loss on extinguishment of debt 23,141 70,667 Change in fair value of warrant and derivative liabilities 11,853 (34 ) Other expense 403 15 Loss before income taxes (71,370 ) (77,468 ) Provision for income taxes 2 28 Net loss $ (71,372 ) $ (77,496 )	The following table presents a reconciliation of loss from operations by segment to consolidated loss from operations and net loss for the periods presented: Years Ended December 31, (in thousands) 2021 2020 Loss from operations by segment $ (7,600 ) $ (4,831 ) Corporate and other (28,431 ) (3,394 ) Share-based compensation expense (678 ) (1,194 ) Loss from operations (36,709 ) (9,419 ) Interest expense, net 7,965 1,216 Loss on extinguishment of debt 96,024 — Change in fair value of warrant and derivative liabilities (1,716 ) — Other (income) expense (38 ) 4 Loss before income taxes (138,944 ) (10,639 ) Provision for (benefit from) income taxes 38 (184 ) Net loss $ (138,982 ) $ (10,455 )
Summary of revenue and property, plant and equipment by geography		The following table presents revenue by geography and a reconciliation to consolidated revenue for the periods presented: Years Ended December 31, (in thousands) 2021 2020 United States $ 32,960 $ 21,215 Europe 7,946 3,664 Revenue $ 40,906 $ 24,879 The following table presents property, plant and equipment, net by geography and a reconciliation to consolidated property, plant and equipment, net for the periods presented: December 31, (in thousands) 2021 2020 United States $ 34,840 $ 18,956 Europe 690 565 Property, plant and equipment, net $ 35,530 $ 19,521

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	Significant components of loss before income taxes for the periods presented were as follows: Years Ended (in thousands) 2021 2020 United States $ (140,563 ) $ (10,727 ) Foreign 1,619 88 Loss before income taxes $ (138,944 ) $ (10,639 )
Schedule of Components of Income Tax Expense (Benefit)	Significant components of provision for (benefit from) income taxes for the periods presented were as follows: Years Ended December 31, (in thousands) 2021 2020 Current: Federal $ (5 ) $ (186 ) State 2 2 Foreign 41 — Current income tax expense (benefit) 38 (184 ) Deferred: Federal — — State — — Foreign — — Deferred income tax benefit — — Provision for (benefit from) income taxes $ 38 $ (184 )
Schedule of Effective Income Tax Rate Reconciliation	The reconciliation between the provision for (benefit from) income taxes and the amount computed at the statutory U.S. federal income tax rate for the periods presented was as follows: Years Ended December 31, (in thousands) 2021 2020 Income taxes computed at the U.S. federal statutory rate $ (29,178 ) $ (2,234 ) State and local income taxes, net of federal benefit (2,960 ) (616 ) Permanent differences 18,417 83 Change in valuation allowance 14,548 3,055 Federal refunds (5 ) (186 ) Other, net (784 ) (286 ) Provision for (benefit from) income taxes $ 38 $ (184 )
Schedule of Deferred Tax Assets and Liabilities	The components of the Company’s net deferred tax assets for the periods presented were as follows: December 31, (in thousands) 2021 2020 Deferred tax assets: Share-based compensation $ 670 $ 552 Property, plant and equipment 95 52 Disallowed interest 2,194 715 Legal accrual 224 230 Reserve for anticipated losses on contracts 224 540 Net operating losses 25,109 13,695 Accrued liabilities 2,011 226 Total deferred tax assets 30,527 16,010 Valuation allowance (30,046 ) (15,498 ) Deferred tax assets, net of valuation allowance $ 481 $ 512 Deferred tax liabilities: Deferred financing costs $ — $ (512 ) Warrants and derivatives (481 ) — Total deferred tax liabilities (481 ) (512 ) Net deferred tax assets $ — $ —
Schedule Of Reconciliation Of Valuation Allowance For Deferred Tax Assets	The change in the valuation allowance for deferred tax assets for the periods presented was as follows: Years Ended December 31, (in thousands) 2021 2020 Beginning balance $ (15,498 ) $ (12,443 ) Change in valuation allowance (14,548 ) (3,055 ) Ending balance $ (30,046 ) $ (15,498 )
Schedule Of Open Tax years By Jurisdiction	The following is a summary of open tax years by jurisdiction: Jurisdiction Years Open Federal 2018 - 2020 State 2017 - 2020 Italy 2016 - 2020

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share Based Compensation [Line Items]
Share-based Payment Arrangement, Cost by Plan [Table Text Block]	Share-based compensation, inclusive of amounts included in inventory, for the periods presented was as follows: Years ended December 31, (in thousands) 2021 2020 Stock options $ 416 $ 580 Restricted stock units 225 — Restricted stock awards — 540 PredaSAR options 37 110 Share-based compensation $ 678 $ 1,230
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Years ended December 31, 2020 Range Low High Expected term (in years) 6.25 6.25 Expected volatility 110 % 120 % Expected dividend yield 0 % 0 % Risk-free interest rate 0.46 % 0.56 %
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number of Weighted- Aggregate Weighted- Outstanding as of December 31, 2020 115,791 $ 24.59 $ 5,763 6.25 Granted — — Exercised (21,716 ) 10.90 Forfeited (17,119 ) 32.16 Outstanding as of December 31, 2021 76,956 $ 26.76 $ 12,797 5.39 Exercisable as of December 31, 2021 58,445 $ 23.16 $ 9,929 4.62
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Number of RSUs Weighted- Grant-Date Unvested as of December 31, 2020 — $ — Granted 568,414 83.60 Vested — — Forfeited (31,788 ) 89.26 Unvested as of December 31, 2021 536,626 $ 83.27
Prior to Cancellation Of PredaSAR Plan [Member]
Share Based Compensation [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	The fair value of the stock options immediately prior to cancellation was estimated using the Black-Scholes option pricing model using the following assumptions: Range Low High Expected term (in years) 5.50 6.01 Expected volatility 105 % 105 % Expected dividend yield 0 % 0 % Risk-free interest rate 0.95 % 0.95 %
PredaSAR Plan [Member]
Share Based Compensation [Line Items]
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Year ended December 31, 2020 Range Low High Expected term (in years) 6.25 6.25 Expected volatility 110 % 110 % Expected dividend yield 0 % 0 % Risk-free interest rate 0.43 % 0.65 %
Share-based Payment Arrangement, Option, Activity [Table Text Block]	The following table summarizes activity related to stock options granted under the PredaSAR Plan during 2021: Number of Weighted- Aggregate Weighted- Outstanding as of December 31, 2020 1,967 $ 988.64 $ — 9.50 Granted — — Exercised — — Forfeited (45 ) 917.25 Cancelled and replaced (1,922 ) 990.31 Outstanding as of December 31, 2021 — $ — $ — — Exercisable as of December 31, 2021 — $ — $ — —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Condensed Consolidated Balance Sheets Related to Operating and Finance Leases	The following table presents the amounts reported in the Company’s condensed consolidated balance sheets related to operating and finance leases as of the presented dates: (in thousands) Classification March 31, 2022 January 1, 2022 Right-of-Use Operating Other assets $ 14,119 $ 6,550 Finance Property plant and equipment, net 44 48 Total right-of-use $ 14,163 $ 6,598 Lease Liabilities Operating Accrued expenses and other current liabilitie $ 834 $ 166 Finance Current portion of long-term debt 15 14 Operating Other 15,640 7,962 Finance Long-term 34 39 Total lease liabilities $ 16,523 $ 8,181
Schedule of Lease Cost	The following is a summary of the Company’s lease cost for the presented period: Lease Cost ( in thousands ) Three Operating lease cost $ 1,263 Finance lease cost Amortization of right-of-use 4 Interest on lease liabilities 2 Variable lease costs 140 Total lease cost $ 1,409
Schedule of Cash Flows and Supplemental Information	The following is a summary of the cash flows and supplemental information associated with the Company’s leases for the presented period: Other information ( in thousands ) Three Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 486 Operating cash flows from finance leases 2 Financing cash flows from finance leases 3 Right-of-use Operating leases 7,384 Finance leases —
Schedule of Weighted-average Lease Term and Discount Rate for Operating and Finance Leases	The following is a summary of the weighted-average lease term and discount rate for operating and finance leases as of the presented date: Lease Term and Discount Rate March 31, Weighted-average remaining lease term (years) Operating leases 7.7 Finance leases 3.4 Weighted-average discount rate Operating leases 29.69 % Finance leases 14.96 %
Schedule of Maturity Analysis Related to Operating and Finance Leases	The following is a maturity analysis related to the Company’s operating and finance leases as of March 31, 2022: Maturity of Lease Liabilities ( in thousands ) Operating Finance 2022 $ 3,053 $ 16 2023 5,666 21 2024 5,771 11 2025 5,709 8 2026 5,705 7 Thereafter 21,522 — Total lease payments 47,426 63 Less interest 30,952 14 Total lease liabilities $ 16,474 $ 49 The following is a maturity analysis related to the Company’s operating and finance leases as of December 31, 202 1, Leases (in thousands) Operating Finance 2022 $ 3,484 $ 21 2023 4,865 21 2024 4,970 11 2025 4,928 8 2026 4,896 7 Thereafter 5,167 — Total lease payments 28,310 68 Less interest on finance leases — 15 Total $ 28,310 $ 53

DESCRIPTION OF ORGANIZATION A_2

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details)	Mar. 09, 2021USD ($)$ / sharesshares	Nov. 18, 2020Day	Dec. 31, 2020USD ($)	Mar. 31, 2022USD ($)$ / sharesshares	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)Day$ / sharesshares	Dec. 31, 2020USD ($)
Subsidiary, Sale of Stock [Line Items]
Shares Issued, Price Per Share | $ / shares						$ 10
Sale of Private Placement Warrants (in shares) | shares				27,591,664
Price of warrant | $ / shares				$ 18
Proceeds from sale of Private Placement Warrants				$ 42,247,000	$ 2,519,000	$ 16,759,000	$ 0
Deferred underwriting fee payable						$ 12,075,000
Redemption period upon closure						10 days
Cash			$ 12,336,000	$ 76,654,000		$ 27,325,000	$ 12,336,000
Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of Private Placement Warrants (in shares) | shares						19,300,000
Proceeds from sale of Private Placement Warrants						$ 11,700,000
Transaction Costs						19,531,321
Underwriting fees						6,900,000
Deferred underwriting fee payable						12,075,000
Other offering costs						556,321
Payments for investment of cash in Trust Account			$ 0			$ 345,000,000
Condition for future business combination number of businesses minimum | Day		1				1
Condition for future business combination use of proceeds percentage						80
Condition for future business combination threshold Percentage Ownership						50
Condition for future business combination threshold Net Tangible Assets						$ 5,000,001
Redemption limit percentage without prior consent						15
Obligation to redeem Public Shares if entity does not complete a Business Combination (as a percent)						100.00%
Maximum Allowed Dissolution Expenses						$ 100,000
Cash						1,552,520
Working Capital						$ 137,483
Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Sale of Private Placement Warrants (in shares) | shares				7,800,000
IPO [Member] | Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Number of units sold | shares	34,500,000
Shares Issued, Price Per Share | $ / shares	$ 10
Proceeds from Issuance Initial Public Offering	$ 345,000,000
Payments for investment of cash in Trust Account	$ 345,000,000
Private Placement [Member] | Private Placement Warrants | Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Sale of Private Placement Warrants (in shares) | shares	7,800,000					7,800,000
Price of warrant | $ / shares	$ 1.5					$ 1.5
Proceeds from sale of Private Placement Warrants	$ 11,700,000,000					$ 11,700,000
Over-Allotment Option [Member] | Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Number of units sold | shares	4,500,000

Organization and Summary of S_4

Organization and Summary of Significant Accounting Policies - Additional Information (Detail)	Mar. 25, 2022USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	May 25, 2022USD ($)	Jan. 01, 2022USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Research and development expense		$ 1,900,000	$ 340,000	$ 1,900,000	$ 1,300,000
Proceeds from issuance of common stock		14,791,000		50,800,000
Cash, FDIC Insured Amount		250,000		250,000
Operating lease, Liability		$ 16,474,000		28,310,000
ASU 2016-02
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		Jan. 1, 2022
Change in accounting principle, accounting standards update, adoption not material		true
ASU 2016-13
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Change in accounting principle, accounting standards update, adopted		true
Change in accounting principle, accounting standards update, adoption date		Jan. 1, 2022
Change in accounting principle, accounting standards update, adoption not material		true
Maximum | ASU 2016-02
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating lease, Liability							$ 9,000,000
Minimum | ASU 2016-02
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Operating lease, Liability							$ 7,000,000
401(k)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Defined contribution plan, Cost				$ 0	$ 0
Tailwind Two Merger [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Intangible assets acquired	$ 0
Cash and marketable securities held in trust	$ 29,000,000
Business Acquisition date	Mar. 25, 2022
Tailwind Two Merger [Member] | P I P E Investment [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from issuance of common stock	$ 51,000,000
Tailwind Two Merger [Member] | Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange ratio	27.585
Tailwind Two Merger [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Goodwill						$ 0
Subsequent Event | Tailwind Two
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Cash and marketable securities held in trust	$ 29,000,000
Proceeds from issuance of common stock	51,000,000
Subsequent Event | Tailwind Two Merger [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Goodwill	0
Intangible assets acquired	$ 0
Subsequent Event | Tailwind Two Merger [Member] | Common Stock
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Exchange ratio	27.585

Organization and Summary of S_5

Organization and Summary of Significant Accounting Policies - Schedule of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred debt commitment costs	$ 0	$ 46,632	$ 0
Deferred equity issuance costs	0	6,085	0
Deferred cost of sales	1,585	2,950	3,573
Other current assets	4,673	1,972	1,643
Prepaid expenses and other current assets	$ 6,258	$ 57,639	$ 5,216

Organization and Summary of S_6

Organization and Summary of Significant Accounting Policies - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands		Mar. 31, 2022	Jan. 01, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Current warrant and derivative liabilities	[1]			$ 68,518	$ 0
Payroll-related accruals		$ 8,547		5,771	1,834
Current operating lease liabilities		834	$ 166
Accrued interest		298
Other current liabilities		3,403		1,847	797
Accrued expenses and other current liabilities		$ 13,082	$ 76,302	$ 76,136	$ 2,631
[1]	Refer to Note 6 “Warrants and Derivatives” for further discussion.

Organization and Summary of S_7

Organization and Summary of Significant Accounting Policies - Summary of Individual Customers (Detail) - Customer Concentration Risk	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Sales Revenue | Customer A
Concentration Risk [Line Items]
Concentration Risk Percentage	77.00%	37.00%	50.00%	22.00%
Sales Revenue | Customer B
Concentration Risk [Line Items]
Concentration Risk Percentage	1.00%	16.00%	6.00%	13.00%
Sales Revenue | Customer
Concentration Risk [Line Items]
Concentration Risk Percentage	78.00%	53.00%	56.00%	35.00%
Accounts Receivable | Customer A
Concentration Risk [Line Items]
Concentration Risk Percentage	82.00%	14.00%	32.00%	9.00%
Accounts Receivable | Customer B
Concentration Risk [Line Items]
Concentration Risk Percentage	6.00%	32.00%	19.00%	37.00%
Accounts Receivable | Customer C
Concentration Risk [Line Items]
Concentration Risk Percentage	3.00%	13.00%	14.00%	15.00%
Accounts Receivable | Customer D
Concentration Risk [Line Items]
Concentration Risk Percentage	2.00%	19.00%	13.00%	3.00%
Accounts Receivable | Customer E
Concentration Risk [Line Items]
Concentration Risk Percentage	2.00%	10.00%	10.00%	9.00%
Accounts Receivable | Customer
Concentration Risk [Line Items]
Concentration Risk Percentage	95.00%	88.00%	88.00%	73.00%

Organization and Summary of S_8

Organization and Summary of Significant Accounting Policies - Summary of Individual Customers (Parenthetical) (Detail) - Customer Concentration Risk - Customer A [Member]	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Sales Revenue
Concentration Risk [Line Items]
Concentration Risk Percentage	77.00%	37.00%	50.00%	22.00%
Sales Revenue | Minimum [Member]
Concentration Risk [Line Items]
Concentration Risk Percentage	10.00%	10.00%	10.00%	10.00%
Accounts Receivable
Concentration Risk [Line Items]
Concentration Risk Percentage	82.00%	14.00%	32.00%	9.00%
Accounts Receivable | Minimum [Member]
Concentration Risk [Line Items]
Concentration Risk Percentage	10.00%	10.00%	10.00%	10.00%

Organization and Summary of S_9

Organization and Summary of Significant Accounting Policies - Schedule of Net Impact of Adoption in Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jan. 01, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Other assets	$ 17,316	$ 7,189	$ 639	$ 0
Accrued expenses and other current liabilities	13,082	76,302	76,136	2,631
Other liabilities	$ 16,995	8,412	$ 2,028	$ 512
Cumulative Effect, Period of Adoption, Adjustment [Member] | Accounting Standards Update 2016-02 [Member]
Schedule Of Organization And Summary Of Significant Accounting Policies [Line Items]
Other assets		6,550
Accrued expenses and other current liabilities		166
Other liabilities		$ 6,384

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Class A ordinary shares reflected (Details) - Class A Ordinary shares subject to possible redemption - TAILWIND TWO ACQUISITION CORP.	12 Months Ended
	Dec. 31, 2021USD ($)
Gross proceeds	$ 345,000,000
Proceeds allocated to Public Warrants	(11,270,000)
Class A ordinary shares issuance costs	(18,881,972)
Accretion of carrying value to redemption value	30,151,972
Class A ordinary shares subject to possible redemption	$ 345,000,000

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Unrecognized tax benefits		$ 0	$ 0
Warrants exercisable to purchase Class A ordinary shares	27,591,664
Federal depository insurance coverage	$ 250,000	250,000
TAILWIND TWO ACQUISITION CORP.
Unrecognized tax benefits		0	0
Unrecognized tax benefits accrued for interest and penalties		$ 0	$ 0
Warrants exercisable to purchase Class A ordinary shares		19,300,000
Federal depository insurance coverage		$ 250,000
Class A Ordinary shares subject to possible redemption | TAILWIND TWO ACQUISITION CORP.
Number of Shares Subject to Redemption		34,500,000	0

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Net Loss per Common Share (Details) - TAILWIND TWO ACQUISITION CORP. - USD ($)	1 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021
Class A Ordinary shares
Basic and diluted net loss per ordinary share
Allocation of net loss		$ (1,886,704)
Basic weighted average shares outstanding		28,167,123
Basic net loss per ordinary share		$ (0.07)
Class B Ordinary shares
Basic and diluted net loss per ordinary share
Allocation of net loss	$ (6,093)	$ (563,891)
Basic weighted average shares outstanding	7,500,000	8,418,493
Basic net loss per ordinary share	$ 0	$ (0.07)

Revenue and Receivables - Addit

Revenue and Receivables - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
RevenueFromContractWithCustomerAndReceivablesLineItems [Line Items]
Revenue, Remaining performance obligation, Amount	$ 221,800,000		$ 73,900,000
Revenue remaining performance obligation due in year 2022			67,100,000
Revenue remaining performance obligation due in year 2023			6,100,000
Revenue remaining performance obligation due in year 2024			500,000,000
Revenue remaining performance obligation due thereafter			200,000,000
Contract with customer, Liability, Revenue recognized	9,600,000	$ 7,200,000	17,200,000	$ 9,300,000
Accounts receivable net, Current	18,626,000		3,723,000	2,526,000
Loss on contracts			1,300,000	4,800,000
Impairments on contract with customer assets	0	0	0	0
Reserve for anticipated losses on contracts	79,000	$ (52,000)	$ (1,322,000)	(4,796,000)
Maximum [Member]
RevenueFromContractWithCustomerAndReceivablesLineItems [Line Items]
Accounts receivable, Consideration due from customers, Due term			1 year
GovernmentCustomers [Member] | UNITED STATES | Government Contract [Member]
RevenueFromContractWithCustomerAndReceivablesLineItems [Line Items]
Accounts receivable net, Current	$ 16,300,000		$ 2,100,000	$ 1,600,000
Time-and-materials Contract [Member]
RevenueFromContractWithCustomerAndReceivablesLineItems [Line Items]
Contract with customer, Billing terms			monthly or semi-monthly basis.
Fixed-price Contract [Member]
RevenueFromContractWithCustomerAndReceivablesLineItems [Line Items]
Contract with customer, Billing terms			monthly
Operations [Member]
RevenueFromContractWithCustomerAndReceivablesLineItems [Line Items]
Revenue, Performance obligation, Description of payment terms			monthly

Revenue and Receivables - Add_2

Revenue and Receivables - Additional Information (Details 1) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01	Mar. 31, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of remaining performance obligation	98.00%
Revenue, remaining performance obligation, expected timing of satisfaction, period	21 days

Revenue and Receivables - Summa

Revenue and Receivables - Summary of Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 13,120	$ 10,494
Revenue	13,120	10,494	$ 40,906	$ 24,879
USGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	10,764	6,154
CommercialContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,800	3,797
CommercialContractsOne [Member] | CommercialCustomers [Member] | CommercialContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			14,335	12,071
Fixed-price Contract [Member] | USGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	8,492	5,478
Fixed-price Contract [Member] | ForeignGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	556	543
Time-and-materials Contract [Member] | USGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,272	676
Time-and-materials Contract [Member] | CommercialContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	0	28
Time-and-materials Contract [Member] | CommercialContractsOne [Member] | CommercialCustomers [Member] | CommercialContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			120	55
UNITED STATES
Disaggregation of Revenue [Line Items]
Revenue			32,960	21,215
UNITED STATES | Government Contract [Member] | GovernmentCustomers [Member] | USGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			21,948	11,924
UNITED STATES | Fixed-price Contract [Member] | CommercialContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,650	2,192
UNITED STATES | Fixed-price Contract [Member] | Government Contract [Member] | GovernmentCustomers [Member] | USGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			17,036	8,871
UNITED STATES | Fixed-price Contract [Member] | CommercialContractsOne [Member] | CommercialCustomers [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			9,005	5,602
UNITED STATES | Time-and-materials Contract [Member] | Government Contract [Member] | GovernmentCustomers [Member] | USGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			4,912	3,053
Foreign [Member] | Fixed-price Contract [Member] | Government Contract [Member] | GovernmentCustomers [Member] | ForeignGovernmentContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			4,623	884
International [Member] | Fixed-price Contract [Member] | CommercialContractsOne [Member] | CommercialCustomers [Member] | CommercialContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			5,210	6,414
Non-US [Member] | Fixed-price Contract [Member] | CommercialContracts [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	150	1,577
Mission support
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	12,770	8,747	37,109	19,362
Launch support
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	36	692	1,144	1,304
Operations
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	192	644	2,039	2,558
Studies design and other
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 122	$ 411	$ 614	$ 1,655

Revenue and Receivables - Sum_2

Revenue and Receivables - Summary of Contract Assets Net, Recognized in Condensed Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Jan. 01, 2022	[1]	Dec. 31, 2021	Dec. 31, 2020
Revenue from contract with customer and receivables [Abstract]
Contract assets, gross	$ 3,685	$ 2,757
Allowance for credit losses	(76)	(82)
Contract asset, net	$ 3,609	$ 2,675		$ 2,757	$ 1,859
[1]	Balances reflected are subsequent to the adoption of CECL on January 1, 2022.

Revenue and Receivables - Sum_3

Revenue and Receivables - Summary of Accounts Receivable, Allowance for Credit Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Allowance for Credit Loss [Abstract]
Beginning balance	$ (945)	$ (635)	$ (635)	$ (116)
Adoption of CECL	(39)	0
Provision for credit losses	(26)	(99)	(407)	(794)
Write-offs	127	3	97	275
Ending balance	$ (883)	$ (731)	$ (945)	$ (635)

INITIAL PUBLIC OFFERING (Detail

INITIAL PUBLIC OFFERING (Details) - $ / shares	Mar. 09, 2021	Mar. 31, 2022	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Shares Issued, Price Per Share			$ 10
Public Warrants
Subsidiary, Sale of Stock [Line Items]
Exercise price of warrants		$ 11.5
IPO [Member] | Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Number of units sold	34,500,000
Shares Issued, Price Per Share	$ 10
Number of shares in a unit	1
IPO [Member] | Public Warrants | Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Number of warrants in a unit	1
Number of shares issuable per warrant	1
Exercise price of warrants	$ 11.5
Over-Allotment Option [Member] | Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Number of units sold	4,500,000

INVENTORY - Schedule of Invento

INVENTORY - Schedule of Inventory, Current (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 5,994	$ 4,782	$ 681
Work in process	3,197	3,001	2,138
Total inventory	$ 9,191	$ 7,783	$ 2,819

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT, NET - Schedule Of Estimated Useful Lives Of Property Plant And Equipment (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Machinery and Equipment [Member] | Minimum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Machinery and Equipment [Member] | Maximum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years	7 years
Satellites [Member] | Minimum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years	3 years
Satellites [Member] | Maximum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Ground Station Equipment [Member] | Minimum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Ground Station Equipment [Member] | Maximum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years	7 years
Office Equipment And Furniture [Member] | Minimum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Office Equipment And Furniture [Member] | Maximum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years	7 years
Computer Equipment [Member] | Minimum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years	3 years
Computer Equipment [Member] | Maximum [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years	5 years
Leasehold Improvements [Member]
Schedule Of Estimated Useful Lives Of Property Plant And Equipment [Line Items]
Property Plant And Equipment Useful Life Description	Shorter of the estimated useful life or remaining lease term	Shorter of the estimated useful life or remaining lease term

PROPERTY, PLANT AND EQUIPMENT_4

PROPERTY, PLANT AND EQUIPMENT, NET - Schedule Of Property Plant And Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 50,051	$ 46,321	$ 26,758
Accumulated depreciation	(11,717)	(10,791)	(7,237)
Property, plant and equipment, net	38,334	35,530	19,521
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	7,595	7,607	5,742
Satellites [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,209	2,209	0
Ground Station Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	1,944	1,944	1,331
Office Equipment And Furniture [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	2,292	2,239	2,106
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	141	142	149
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,911	8,533	7,391
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 26,959	$ 23,647	$ 10,039

PROPERTY, PLANT AND EQUIPMENT_5

PROPERTY, PLANT AND EQUIPMENT, NET - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation	$ 846	$ 671	$ 3,100	$ 2,900
Impairment, Long-Lived Asset, Held-for-Use	$ 0	$ 0

Debt - Summary of Long-term deb

Debt - Summary of Long-term debt (Detail) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2022		Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Finance leases		$ 49		$ 53	$ 49
Unamortized deferred issuance costs		(2,115)		(761)	(2,208)
Unamortized discount on debt		(99,905)		(9,119)	0
Total debt		102,444		115,148	37,032
Current portion of long-term debt		7,515		14	1,403
Long-term debt		$ 94,929		115,134	35,629
Carrying Amount				115,095	34,446
Francisco Partners Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Issued		November 2021
Maturity		April 2026
Interest Rate		9.25%
Interest Payable		Quarterly
Carrying Amount		$ 120,023		$ 30,289
Pre-Combination Notes [Member]
Debt Instrument [Line Items]
Maturity				November 2026
Interest Rate				9.25%
Pre-Combination Notes [Member] | Francisco Partners Note Purchase Agreement [Member]
Debt Instrument [Line Items]
Interest Rate				9.25%
Senior Secured Notes due 2026 [Member]
Debt Instrument [Line Items]
Senior Secured Notes due 2026				$ 94,686	0
Issued	[1]	March 2021
Maturity		April 2026	[1]	April 2026
Interest Rate				11.00%
Interest Payable	[1]	Quarterly
Carrying Amount	[1]	$ 56,267		$ 94,686
Senior Secured Notes due 2026 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	11.25%
Senior Secured Notes due 2026 [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest Rate	[1]	9.25%
Convertible Notes due 2028 [Member]
Debt Instrument [Line Items]
Maturity				July 2028
Interest Rate				3.05%
PPP Loan [Member]
Debt Instrument [Line Items]
PPP Loan				$ 0	2,537
Maturity				May 2022
Interest Rate				1.00%
Pipe Investment Obligation [Member]
Debt Instrument [Line Items]
Issued		March 2022
Maturity		December 2025
Carrying Amount		$ 28,125		$ 0
Convertible Debt Due Two Thousand And Twenty Eight [Member] | Convertible Notes due 2028 [Member]
Debt Instrument [Line Items]
Convertible Notes due 2028				0	36,654
Precombination Notes [Member] | Pre-Combination Notes [Member]
Debt Instrument [Line Items]
Pre-Combination Notes				$ 30,289	$ 0
[1]	Includes the Lockheed Martin Rollover Debt and Beach Point Rollover Debt, each as defined below.

Debt - Additional Information (

Debt - Additional Information (Details) $ / shares in Units, shares in Millions

Mar. 25, 2022USD ($)shares

Mar. 09, 2022USD ($)

Dec. 31, 2021USD ($)$ / shares

Nov. 24, 2021USD ($)

Mar. 08, 2021USD ($)

Jul. 23, 2018USD ($)

Jun. 30, 2021USD ($)

Mar. 31, 2021USD ($)

Mar. 31, 2021USD ($)

May 31, 2020USD ($)

Mar. 31, 2022USD ($)

Mar. 31, 2021USD ($)

Dec. 31, 2021USD ($)$ / shares

Dec. 31, 2020USD ($)

Mar. 25, 2026shares

Dec. 31, 2020EUR (€)

Oct. 07, 2020EUR (€)

Aug. 02, 2018USD ($)

Debt Instrument [Line Items]

Proceeds from long term debt

$ 35,942,000

$ 47,481,000

$ 58,241,000

$ 2,537,000

Gain (Loss) on Extinguishment of Debt

$ 2,600,000

(23,141,000)

(70,667,000)

(96,024,000)

0

Interests costs incurred

8,700,000

1,100,000

Capitalization of interest on debt

1,300,000

119,000

Amortization of debt issuance costs

236,000

294,000

Amortization of debt discount

299,000

Proceeds from issuance of common stock

14,791,000

50,800,000

Issuance costs related to debt

112,000

Equity issuance costs

41,681,000

5,667,000

8,880,000

2,009,000

Subscription agreement [Member] | Affiliate Of Daniel Staton [Member]

Debt Instrument [Line Items]

Due To Affiliate Quarterly Fee Amount

$ 1,875,000

1,875,000

$ 1,875,000

Beach Point Rollover Debt [Member]

Debt Instrument [Line Items]

Shares issued as part of merger | shares

2.4

Carrying amount of debt

$ 38,600,000

Fair value of common stock issued

31,800,000

Rollover debt with fair value

31,000,000

Rollover Debt [Member]

Debt Instrument [Line Items]

Gain (Loss) on Extinguishment of Debt

24,200,000

Issuance costs related to debt

328,000

Allocated To Debt [Member] | Beach Point Rollover Debt [Member]

Debt Instrument [Line Items]

Issuance costs related to debt

178,000

Allocated To Equity [Member] | Beach Point Rollover Debt [Member]

Debt Instrument [Line Items]

Equity issuance costs

151,000

Senior Secured Notes [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

9.25%

9.25%

Senior Secured Notes [Member] | Precombination Notes [Member]

Debt Instrument [Line Items]

Convertible debt outstanding

$ 30,289,000

$ 30,289,000

0

Senior Secured Notes Due Two Thousand And Twenty Six [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 87,000,000

Long term debt date of maturity

Apr. 1, 2026

Proceeds from long term debt

$ 47,500,000

Long term debt fixed interest rate percentage

11.00%

11.00%

Gain (Loss) on Extinguishment of Debt

727,000

70,600,000

Exchange and extinguishment of debt amount

37,000,000

Fair value of common stock issued

4,600,000

Cash payment of debt

703,000

Repayments of debt

293,000

Payment of interest operating cash flows

410,000

Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Upon Closing of the Tailwind Merger [Member]

Debt Instrument [Line Items]

Convertible debt outstanding

$ 56,300,000

Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Lockheed Martin Corporation [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 87,000,000

Long term debt date of maturity

Apr. 1, 2026

Proceeds from long term debt

$ 50,000,000

Payment of debt issuance costs

2,800,000

Proceeds from debt net of issuance costs

47,500,000

Extinguishment of Debt, Amount

37,000,000

Notes Issued And Exchangeable Value

25,000,000

Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Beach Point Capital [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

11.25%

Notes Issued And Exchangeable Value

25,000,000

Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Lockheed Martin [Member]

Debt Instrument [Line Items]

Gain (Loss) on Extinguishment of Debt

$ 1,800,000

Gross proceeds from long-term debt

50,000,000

Carrying amount of debt

32,600,000

Cash payment of debt

30,800,000

Repayments of debt

25,000,000

Payment of interest operating cash flows

5,800,000

Third-party expenses related to modification

323,000

Convertible Notes Payable [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

3.05%

3.05%

Convertible Notes Payable [Member] | Convertible Debt Due Two Thousand And Twenty Eight [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 34,000,000

$ 33,000,000

$ 34,000,000

$ 1,000,000

Long term debt date of maturity

Jul. 23, 2018

Jul. 23, 2018

Proceeds from long term debt

$ 31,000,000

Long term debt interest payable

$ 2,800,000

$ 2,600,000

$ 2,600,000

$ 2,600,000

$ 2,800,000

$ 2,600,000

Gain (Loss) on Extinguishment of Debt

$ 70,600,000

Convertible debt rate of interest

3.05%

Convertible debt percentage of cash

100.00%

Convertible notes issued in exchange for notes being surrendered

$ 3,000,000

Convertible debt percentage increase in conversion price semiannually

1.05%

Convertible Notes Payable [Member] | Convertible Debt Due Two Thousand And Twenty Eight [Member] | Thirty One Million Dollar Of Original Principal Amount [Member]

Debt Instrument [Line Items]

Debt instrument conversion price per share | $ / shares

$ 38.85

$ 38.85

Convertible debt original principal amount

$ 31,000,000

Convertible Notes Payable [Member] | Convertible Debt Due Two Thousand And Twenty Eight [Member] | Three Million Dollar Of Original Principal Amount [Member]

Debt Instrument [Line Items]

Debt instrument conversion price per share | $ / shares

$ 31.08

$ 31.08

Convertible debt original principal amount

$ 3,000,000

Paycheck Protection Programme Loan [Member]

Debt Instrument [Line Items]

Proceeds from long term debt

$ 2,500,000

Long term debt fixed interest rate percentage

1.00%

1.00%

Percentage of debt utilized for payroll and other expenses

100.00%

Paycheck Protection Programme Loan [Member] | Forgiven Portion Of Loan [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

1.00%

1.00%

Long term debt term

2 years

2 years

Tyvak International Line Of Credit [Member] | Working Capital Line Of Credit [Member]

Debt Instrument [Line Items]

Line of credit maximum borrowing capacity | €

€ 300,000

Line of credit outstanding | €

€ 0

Pipe Investment Obligation [Member]

Debt Instrument [Line Items]

Proceeds from issuance of common stock

30,000,000

Equity issuance costs

259,000

Pipe Investment Obligation [Member] | Proceeds From Debt [Member]

Debt Instrument [Line Items]

Proceeds from debt net of issuance costs

13,000,000

Pipe Investment Obligation [Member] | Allocated To Equity [Member]

Debt Instrument [Line Items]

Equity issuance costs

147,000

Pipe Investment Obligation [Member] | Proceeds From Pipe Investment [Member]

Debt Instrument [Line Items]

Proceeds from issuance of common stock

$ 17,000,000

Francisco Partners Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 150,000,000

Long term debt fixed interest rate percentage

9.25%

Francisco Partners Note Purchase Agreement [Member] | FP Combination Equity [Member]

Debt Instrument [Line Items]

Shares issued as part of merger | shares

1.9

Francisco Partners Note Purchase Agreement [Member] | Amendement Two To Note Purchase Agreement [Member] | Quarter Ending Thirtieth September Two Thousand And Twenty Two [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

20,000,000

Francisco Partners Note Purchase Agreement [Member] | Amendement Two To Note Purchase Agreement [Member] | Quarter Ending Thirty First December Two Thousand And Twenty Two [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

10,000,000

Francisco Partners Note Purchase Agreement [Member] | Amendement Two To Note Purchase Agreement [Member] | Thereafter [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

$ 20,000,000

Percentage of unrestricted cash and cash equivalents to be maintanined additionally

15.00%

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Debt instrument prepayment as a percentage of net asset disposal

100.00%

Debt instrument prepayment as a percentage of net debt incurrence other than the debt pursuant to agreement

100.00%

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member] | On Or Before The First Anniversary Of The Callable Date [Member]

Debt Instrument [Line Items]

Debt instrument percentage of prepayment premium

3.00%

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member] | On Or After The First Anniversary Of The Callable Date But Before The Second Anniversary of The Callable Date [Member]

Debt Instrument [Line Items]

Debt instrument percentage of prepayment premium

2.00%

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member] | Quarter Ending Thirty First March Two Thousand And Twenty Two [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

$ 20,000,000

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member] | Quarter Ending Thirtieth June Two Thousand And Twenty Two [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

20,000,000

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member] | Quarter Ending Thirtieth September Two Thousand And Twenty Two [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

20,000,000

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member] | Quarter Ending Thirty First December Two Thousand And Twenty Two [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

10,000,000

Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member] | Thereafter [Member]

Debt Instrument [Line Items]

Unrestricted Cash And Cash Equivalents Needed To Be Maintained

$ 20,000,000

Percentage of unrestricted cash and cash equivalents to be maintanined additionally

15.00%

Francisco Partners Note Purchase Agreement [Member] | Conditional Notes [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Incremental issuance of costs

$ 851,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member]

Debt Instrument [Line Items]

Long term debt date of maturity

Nov. 24, 2026

Debt issuance costs and discount

5,000,000

Proceeds from debt net of issuance costs

60,000,000

Long term debt fixed interest rate percentage

9.25%

9.25%

Long term debt interest payable

$ 1,000,000

Reclassification Of Deferred Debt Commitement Costs To Discount On Debt

$ 32,800,000

$ 13,200,000

Long term debt period within which one time interest is payable

1 day

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 24,000,000

Long term debt date of maturity

Apr. 1, 2026

Commitment amount

$ 119,000,000

154,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Subsequent Event [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Debt instrument face value

154,000,000

Proceeds from long term debt

24,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Subsequent Event [Member] | Amendement Two To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 119,000,000

Long term debt date of maturity

Apr. 1, 2026

Long term debt date of first payment

May 15, 2022

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Proceeds From Debt [Member]

Debt Instrument [Line Items]

Proceeds from debt net of issuance costs

$ 14,400,000

8,600,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Proceeds From Warrants And Derivative Liabilities [Member]

Debt Instrument [Line Items]

Proceeds from debt net of issuance costs

30,800,000

11,400,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Proceeds From Issuance Of Common Stock [Member]

Debt Instrument [Line Items]

Proceeds from issuance of common stock

14,800,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Allocated To Debt [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Incremental issuance of costs

641,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Allocated To Equity [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Incremental issuance of costs

210,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Deferred Debt Commitement Costs [Member]

Debt Instrument [Line Items]

Debt issuance costs and discount

$ 62,400,000

$ 62,400,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Original Issue Discount [Member]

Debt Instrument [Line Items]

Debt issuance costs and discount

5,000,000

5,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Third Party Legal Fees [Member]

Debt Instrument [Line Items]

Debt issuance costs and discount

864,000

864,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Precombination Notes [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 30,000,000

Payment of debt issuance costs

5,000,000

Proceeds from debt net of issuance costs

25,000,000

Long term debt interest payable

289,000

289,000

Reclassification Of Deferred Debt Commitement Costs To Discount On Debt

15,500,000

Reclassification Of Deferred Debt Commitement Costs To Deferred Issuance Costs

218,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Precombination Notes [Member] | Proceeds From Debt [Member]

Debt Instrument [Line Items]

Proceeds from debt net of issuance costs

10,800,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Precombination Notes [Member] | Proceeds From Warrants And Derivative Liabilities [Member]

Debt Instrument [Line Items]

Proceeds from debt net of issuance costs

14,200,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Delayed Draw Notes [Member]

Debt Instrument [Line Items]

Debt instrument face value

20,000,000

Reclassification Of Deferred Debt Commitement Costs To Deferred Issuance Costs

137,000

Incremental deferred issuance costs

208,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Delayed Draw Notes [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Debt issuance costs and discount

4,000,000

Proceeds from debt net of issuance costs

20,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Delayed Draw Notes [Member] | Subsequent Event [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Payment of debt issuance costs

4,000,000

Proceeds from debt net of issuance costs

$ 20,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Conditional Notes [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 100,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Conditional Notes [Member] | Amendment One To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Proceeds from long term debt

65,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes [Member] | Conditional Notes [Member] | Amendement Two To Note Purchase Agreement [Member]

Debt Instrument [Line Items]

Proceeds from long term debt

65,000,000

Payment of debt issuance costs

5,000,000

Proceeds from debt net of issuance costs

60,000,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member]

Debt Instrument [Line Items]

Long term debt interest payable

$ 289,000

$ 289,000

Francisco Partners Note Purchase Agreement [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Conditional Notes [Member]

Debt Instrument [Line Items]

Reclassification Of Deferred Debt Commitement Costs To Deferred Issuance Costs

509,000,000

Amendment Agreement One [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

11.00%

11.00%

Long term debt date of first payment

Mar. 8, 2024

Debt instrument percentage of prepayment premium

100.00%

100.00%

Grace period post occurrence of breach of contract

90 days

Carrying amount of debt

4,600,000

Amendment Agreement One [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Lockheed Martin Corporation And Beach Point Corporation [Member]

Debt Instrument [Line Items]

Gain (Loss) on Extinguishment of Debt

$ 28,000,000

Reissued Senior Notes Premium Payable

6,600,000

Debt Issuance Costs, Gross

$ 420,000

Amendment Agreement Two [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Lockheed Martin Rollover Debt [Member]

Debt Instrument [Line Items]

Debt instrument face value

25,000,000

Amendment Agreement Two [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Beach Point Rollover Debt [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 31,300,000

Amendment Agreement Two [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Beach Point Rollover Debt [Member] | Payable In Kind [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

2.00%

Amendment Agreement Two [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Subsequent Event [Member] | Beach Point Capital [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 31,300,000

Long term debt fixed interest rate percentage

11.25%

Amendment Agreement Two [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Subsequent Event [Member] | Beach Point Capital [Member] | Payable In Cash [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

9.25%

Amendment Agreement Two [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Subsequent Event [Member] | Beach Point Capital [Member] | Payable In Kind [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

2.00%

Amendment Agreement Two [Member] | Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Subsequent Event [Member] | Lockheed Martin [Member]

Debt Instrument [Line Items]

Debt instrument face value

$ 25,000,000

Amendment Agreement Two [Member] | Convertible Notes Payable [Member] | Beach Point Rollover Debt [Member] | Payable In Cash [Member]

Debt Instrument [Line Items]

Long term debt fixed interest rate percentage

9.25%

Warrants and Derivatives - Summ

Warrants and Derivatives - Summary of Fair values of Liability Classified Warrants and Derivatives Recorded in Warrant Liabilities (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 25, 2022	Dec. 31, 2020
Class of Warrant or Right [Line Items]
Number of Issuable Shares	27,591,664
Fair Value	$ 35,616	$ 5,631		$ 0
Inducement Warrants [Member]
Class of Warrant or Right [Line Items]
Number of Issuable Shares		17,230	695
Issuance	March 2021	March 2021
Maturity	March 2041	March 2041
Exercise Price	$ 0.01
Fair Value		$ 5,631
Public Warrants
Class of Warrant or Right [Line Items]
Number of Issuable Shares	11,499,960
Issuance	March 2021
Maturity	March 2027
Exercise Price	$ 11.5
Fair Value	$ 5,750
Private Placement Warrants
Class of Warrant or Right [Line Items]
Number of Issuable Shares	7,800,000
Issuance	March 2021
Maturity	March 2027
Exercise Price	$ 11.5
Fair Value	$ 3,900
FP Combination Warrants [Member]
Class of Warrant or Right [Line Items]
Number of Issuable Shares	8,291,704
Issuance	March 2022
Maturity	March 2027
Exercise Price	$ 10
Fair Value	$ 25,966

Warrants and Derivatives - Su_2

Warrants and Derivatives - Summary of Fair values of Liability Classified Warrants and Derivatives Recorded in Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands		Dec. 31, 2021	Dec. 31, 2020
Class of Warrant or Right [Line Items]
Current warrant and derivative liabilities	[1]	$ 68,518	$ 0
FP Pre Combination Warrants [Member]
Class of Warrant or Right [Line Items]
Current warrant and derivative liabilities		2,546
Pre-Combination Warrants [Member]
Class of Warrant or Right [Line Items]
Current warrant and derivative liabilities		849
FP Combination Warrants [Member]
Class of Warrant or Right [Line Items]
Current warrant and derivative liabilities		27,682
Combination Warrants [Member]
Class of Warrant or Right [Line Items]
Current warrant and derivative liabilities		7,602
FP Combination Equity [Member]
Class of Warrant or Right [Line Items]
Current warrant and derivative liabilities		24,110
Combination Equity [Member]
Class of Warrant or Right [Line Items]
Current warrant and derivative liabilities		$ 5,729
[1]	Refer to Note 6 “Warrants and Derivatives” for further discussion.

Warrants and Derivatives - Su_3

Warrants and Derivatives - Summary of Fair Value of Liability-Classified Warrants and Derivatives (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 74,149
Initial recognition from Tailwind Two Merger	13,124
Change in fair value of warrant and derivative liabilities	11,853	$ (1,716)
Reclassification of liability-classified warrants and derivatives to equity-classified	(11,007)
Net settlement of liability-classified warrants into common stock	(7,616)
Issuance of contingently issuable shares	(44,887)
Initial recognition from discount on debt		16,759
Initial recognition from deferred debt commitment costs		42,247
Initial recognition from loss on extinguishment of debt		16,859
Ending Balance	35,616	74,149
CurrentWarrant and Derivative Liabilities [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	68,518
Change in fair value of warrant and derivative liabilities	13,342	(2,971)
Reclassification of current warrant and derivative liabilities to warrant liabilities	(25,966)
Reclassification of liability-classified warrants and derivatives to equity-classified	(11,007)
Issuance of contingently issuable shares	(44,887)
Initial recognition from discount on debt		14,240
Initial recognition from deferred debt commitment costs		42,247
Initial recognition from loss on extinguishment of debt		15,002
Ending Balance		68,518
Warrant Liabilities [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	5,631
Initial recognition from Tailwind Two Merger	13,124
Change in fair value of warrant and derivative liabilities	(1,489)	1,255
Reclassification of current warrant and derivative liabilities to warrant liabilities	25,966
Net settlement of liability-classified warrants into common stock	(7,616)
Initial recognition from discount on debt		2,519
Initial recognition from deferred debt commitment costs		0
Initial recognition from loss on extinguishment of debt		1,857
Ending Balance	$ 35,616	$ 5,631

Warrants and Derivatives - Addi

Warrants and Derivatives - Additional Information (Detail)

Mar. 25, 2022USD ($)$ / sharesshares

Nov. 24, 2021USD ($)$ / sharesshares

Mar. 08, 2021USD ($)$ / shares

Jun. 30, 2021USD ($)

Mar. 31, 2021USD ($)$ / sharesshares

Mar. 31, 2022USD ($)$ / sharesshares

Mar. 31, 2021USD ($)$ / sharesshares

Dec. 31, 2021USD ($)shares

Dec. 31, 2020USD ($)

Nov. 24, 2025USD ($)

Nov. 24, 2024$ / shares

Nov. 24, 2023

Nov. 24, 2022shares

Oct. 28, 2021USD ($)$ / shares

Disclosure of Warrants and Derivatives [Line Items]

Price of warrant | $ / shares

$ 18

Warrants settled in common stock | shares

27,591,664

Amount recognized as discount on debt

$ 99,905,000

$ 9,119,000

$ 0

Loss on extinguishment of debt

$ 2,600,000

$ (23,141,000)

$ (70,667,000)

$ (96,024,000)

$ 0

Detachable Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Warrants settled in common stock | shares

943,612

943,612

Class of Warrant or Right Issuance Costs

$ 2,300,000

Warrants and Rights Outstanding, Term

7 years 4 months 24 days

Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares

$ 39.06

$ 39.06

Warrant maturity date

Jul. 23, 2028

Jul. 23, 2028

Fair value portion of warrants not settleable in cash classified as equity.

$ 68,400,000

$ 68,400,000

Warrants issued, fair value amount

68,400,000

68,400,000

Warrants issuance costs

2,300,000

2,300,000

Measurement Input, Price Volatility [Member] | Detachable Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Warrants and Rights Outstanding, Measurement Input

103

Measurement Input, Expected Dividend Rate [Member] | Detachable Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Warrants and Rights Outstanding, Measurement Input

0

Measurement Input, Risk Free Interest Rate [Member] | Detachable Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Warrants and Rights Outstanding, Measurement Input

1.15

Subsequent Event [Member] | Detachable Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

809,992

Francisco Partners Note Purchase Agreement [Member]

Disclosure of Warrants and Derivatives [Line Items]

Price of warrant | $ / shares

$ 0.01

Convertible Notes Payable [Member] | Convertible Notes due 2028

Disclosure of Warrants and Derivatives [Line Items]

Loss on extinguishment of debt

70,600,000

Senior Secured Notes due 2026

Disclosure of Warrants and Derivatives [Line Items]

Loss on extinguishment of debt

$ 727,000

$ 70,600,000

Inducement Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Class of warrant or right percentage of common stock issuable on exercise of warrants

0.34744%

Price of warrant | $ / shares

$ 0.01

Cash payment payable for redemption of warrants

$ 7,000,000

Derivative liability fair value gross liability

$ 4,400,000

Warrants settled in common stock | shares

695

17,230

Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares

$ 0.01

Reclassified fair value of warrants to additional paid-in capital

$ 7,600,000

Inducement Warrants [Member] | Senior Secured Notes Due Two Thousand Twenty Six [Member]

Disclosure of Warrants and Derivatives [Line Items]

Warrants issued, fair value amount

4,400,000

4,400,000

Amount recognized as discount on debt

$ 2,500,000

2,500,000

Loss on extinguishment of debt

$ 1,900,000

Inducement Warrants [Member] | Merger Agreement [Member]

Disclosure of Warrants and Derivatives [Line Items]

Class of warrant or right percentage of additional common stock issuable on exercise of warrants

0.18708%

Warrants settled in common stock | shares

25,190,000

Inducement Warrants [Member] | Convertible Notes Payable [Member] | Convertible Notes due 2028

Disclosure of Warrants and Derivatives [Line Items]

Warrant liability recognized on extinguishment of debt

$ 1,900,000

Inducement Warrants [Member] | Senior Secured Notes due 2026

Disclosure of Warrants and Derivatives [Line Items]

Warrant liability recognized on debt discount

$ 2,500,000

FP Pre Combination Warrants [Member] | Francisco Partners Note Purchase Agreement [Member]

Disclosure of Warrants and Derivatives [Line Items]

Class of warrant or right percentage of common stock issuable on exercise of warrants

1.50%

5.00%

5.00%

5.00%

Price of warrant | $ / shares

$ 10

$ 10

Cash payment payable for redemption of warrants

$ 25,000,000

$ 25,000,000

Derivative liability fair value gross liability

$ 2,500,000

$ 29,000,000

Warrants settled in common stock | shares

1,000,000

1,000,000

Period In which Warrants Exercisable on Termination of Merger Agreement

30 days

FP Pre Combination Warrants FP Combination Equity and FP Combination Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Class of Warrant or Right Issuance Costs

429,000

FP Combination Equity [Member]

Disclosure of Warrants and Derivatives [Line Items]

Issuance of contingently issuable common shares | shares

3,300,000

FP Combination Equity [Member] | Subsequent Event [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

5,200,000

FP Combination Equity [Member] | Francisco Partners Note Purchase Agreement [Member]

Disclosure of Warrants and Derivatives [Line Items]

Derivative liability fair value gross liability

$ 25,000,000

Reclassified fair value of warrants to additional paid-in capital

$ 36,400,000

FP Combination Equity [Member] | Francisco Partners Note Purchase Agreement [Member] | Subsequent Event [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

1,900,000

FP Combination Equity [Member] | Francisco Partners Note Purchase Agreement [Member] | Sponser [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

425,000

Pre-Combination Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Class of warrant or right percentage of common stock issuable on exercise of warrants

0.25%

0.25%

Price of warrant | $ / shares

$ 0.01

Derivative liability fair value gross liability

$ 827

Combination Equity [Member]

Disclosure of Warrants and Derivatives [Line Items]

Reclassified fair value of warrants to additional paid-in capital

$ 8,500,000

Issuance of contingently issuable common shares | shares

774,000

Combination Equity [Member] | Subsequent Event [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

3,200,000

Combination Equity [Member] | Subsequent Event [Member] | Lockheed Martin Corporation And Beach Point Corporation [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

2,400,000

Combination Equity [Member] | Sponser [Member] | Subsequent Event [Member] | Lockheed Martin Corporation And Beach Point Corporation [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

100,000

Combination Equity [Member] | Merger Agreement [Member]

Disclosure of Warrants and Derivatives [Line Items]

Class of warrant or right percentage of common stock issuable on exercise of warrants

0.25%

0.25%

Derivative liability fair value gross liability

$ 6,000,000

Combination Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Reclassified fair value of warrants to additional paid-in capital

$ 11,000,000

Issuance of warrants | shares

2,800,000

Combination Warrants [Member] | Subsequent Event [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

2,800,000

Combination Warrants [Member] | Merger Agreement [Member]

Disclosure of Warrants and Derivatives [Line Items]

Class of warrant or right percentage of common stock issuable on exercise of warrants

0.83333%

0.83333%

Price of warrant | $ / shares

$ 10

$ 10

Derivative liability fair value gross liability

$ 8,100,000

Warrants and Rights Outstanding, Term

5 years

Warrant maturity date

Mar. 25, 2027

FP Combination Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Warrants settled in common stock | shares

8,291,704

Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares

$ 10

Warrant maturity date

Mar. 25, 2027

Issuance of warrants | shares

8,300,000

FP Combination Warrants [Member] | Subsequent Event [Member]

Disclosure of Warrants and Derivatives [Line Items]

Stock issued during the period on exercise of warrants | shares

8,300,000

Equity Classified Warrants [Member] | Detachable Warrants [Member]

Disclosure of Warrants and Derivatives [Line Items]

Warrants settled in common stock | shares

22,300,000

Public Warrants

Disclosure of Warrants and Derivatives [Line Items]

Warrants settled in common stock | shares

11,499,960

Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares

$ 11.5

Warrant to purchase term of contract

5 years

Public Warrants | Tailwind Two Merger

Disclosure of Warrants and Derivatives [Line Items]

Warrants assumed | shares

11,500,000

Public Warrants | Price Per Share Exceeds Dollar Eighteen

Disclosure of Warrants and Derivatives [Line Items]

Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares

$ 0.01

Public Warrants | Price Per Share Exceeds Dollar Eighteen | Minimum [Member]

Disclosure of Warrants and Derivatives [Line Items]

Price of warrant | $ / shares

18

Public Warrants | Price Per Share Exceeds Dollar Ten [Member] | Minimum [Member]

Disclosure of Warrants and Derivatives [Line Items]

Price of warrant | $ / shares

10

Public Warrants | Price Per Share Exceeds Dollar Ten [Member] | Maximum [Member]

Disclosure of Warrants and Derivatives [Line Items]

Price of warrant | $ / shares

$ 18

Private Placement Warrants

Disclosure of Warrants and Derivatives [Line Items]

Warrants settled in common stock | shares

7,800,000

Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares

$ 11.5

Private Placement Warrants | Tailwind Two Merger

Disclosure of Warrants and Derivatives [Line Items]

Warrants assumed | shares

7,800,000

Mezzanine Equity and Sharehol_2

Mezzanine Equity and Shareholders' Deficit - Additional Information (Detail) - USD ($)	Jun. 26, 2022	Mar. 25, 2022	Oct. 31, 2021	Jul. 31, 2021	Feb. 26, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Nov. 01, 2019
Temporary And Stockholders Equity Note Disclosure [Line Items]
Common stock, shares authorized			5,000,000			300,000,000		151,717,882	5,000,000
Common stock par or stated value par value			$ 0.0001			$ 0.0001		$ 0.0001	$ 0.0001
Common stock voting rights			one			Each share of common stock entitles the shareholder to one vote.
Original issue price per share								$ 10
Minimum Threshold Offering For Conversion of Temporary Equity								$ 200,000,000
Preferred stock, shares authorized						50,000,000		0
Preferred stock par or stated value per share						$ 0.0001		$ 0.0001
Percentage of equity interest in subsidiary on as converted basis											27.80%
Stock issued during period shares new issues								5,080,409
Stock issuance costs incurred						$ 41,681,000	$ 5,667,000	$ 8,880,000	$ 2,009,000
Preferred stock, shares issued						0		0
Preferred stock, shares outstanding						0		0
Issuance of common stock in exchange for non-controlling interest, net of issuance costs						$ 0	$ 23,743,000	$ 23,743,000	$ 0
Common shares, shares issued						137,295,455		78,601,283	2,439,634
Proceeds from issuance of common stock						$ 14,791,000		$ 50,800,000
PIPE Investment [Member]
Temporary And Stockholders Equity Note Disclosure [Line Items]
Common shares, shares issued						5,100,000
Predasar Merger [Member]
Temporary And Stockholders Equity Note Disclosure [Line Items]
Common shares, shares issued							10,700,000
Additional paid-in capital						$ 432,000
Tailwind Two Merger [Member]
Temporary And Stockholders Equity Note Disclosure [Line Items]
Issuance of common stock		11,000,000
Tailwind Two Merger [Member] | PIPE Investment [Member]
Temporary And Stockholders Equity Note Disclosure [Line Items]
Proceeds from issuance of common stock						$ 58,400,000
Aggregate third-party issuance costs		$ 48,400,000
Fair value of warrants		$ 13,100,000
Maximum [Member]
Temporary And Stockholders Equity Note Disclosure [Line Items]
Common stock, shares authorized						300,000,000
Preferred stock, shares authorized						50,000,000
PredaSARs common stock
Temporary And Stockholders Equity Note Disclosure [Line Items]
Stock issuance costs incurred									$ 700,000	$ 500,000
Issuance of common stock in exchange for non-controlling interest, net of issuance costs								$ 432,000
Series Seed Preferred Stock
Temporary And Stockholders Equity Note Disclosure [Line Items]
Original issue price per share										$ 1,000
Preferred stock dividend rate percentage								8.00%
Dividends declared								$ 0	$ 0
Preferred stock, shares authorized											25,000
Preferred stock par or stated value per share											$ 0.01
Stock issued during period shares new issues									15,190	9,810
Gross proceeds from issuance of preferred stock									$ 15,200,000	$ 9,800,000
Total proceeds from preferred stock									$ 25,000,000
Preferred stock, shares issued									25,000
Preferred stock, shares outstanding									25,000
Series Seed Preferred Stock | Agreement with Noncontrolling Interest Holders
Temporary And Stockholders Equity Note Disclosure [Line Items]
Number of shares issued in exchange of stock					25,000
Number of shares received by preferred stock holder for each share held								15.523
Common Stock [Member]
Temporary And Stockholders Equity Note Disclosure [Line Items]
Issuance of common stock in exchange for non-controlling interest, net of issuance costs, Shares							10,704,772
Conversion of stock						10,947,686
Common Stock [Member] | Agreement with Noncontrolling Interest Holders
Temporary And Stockholders Equity Note Disclosure [Line Items]
Issuance of common stock in exchange for non-controlling interest, net of issuance costs, Shares					388,064
Terran Orbital Corporation
Temporary And Stockholders Equity Note Disclosure [Line Items]
Noncontrolling Interest,Percentage Of Issued And Outstanding Shares Of Common Stock Of Subsidary								100.00%
Terran Orbital Corporation | PredaSARs common stock
Temporary And Stockholders Equity Note Disclosure [Line Items]
Non controlling interest, number of sahres owned								65,000
Series A Preferred Stock
Temporary And Stockholders Equity Note Disclosure [Line Items]
Temporary equity shares authorized								744,130
Temporary equity shares issued								396,870
Temporary equity shares outstanding								396,870
Temporary equity par or stated value per share								$ 0.0001
Original issue price per share				$ 20.1578
Gross proceeds from issuance of redeemable convertible preferred stock				$ 8,000,000
Number of common shares issued net settlement of preferred stock as part od merger		396,870
Preferred stock dividend rate percentage		8.00%
Dividends declared								$ 0	$ 0
Series A Preferred Stock | Subsequent Event
Temporary And Stockholders Equity Note Disclosure [Line Items]
Threshold Period For Redemption Commencement Of Preferred Stock After Receipt Of Written Notice	60 days
Amended certificate of incorporation
Temporary And Stockholders Equity Note Disclosure [Line Items]
Common stock, shares authorized			5,500,000

PRIVATE PLACEMENT (Details)

PRIVATE PLACEMENT (Details) - USD ($)	Mar. 09, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Subsidiary, Sale of Stock [Line Items]
Warrants exercisable to purchase Class A ordinary shares		27,591,664
Price of warrants		$ 18
Aggregate purchase price		$ 42,247,000	$ 2,519,000	$ 16,759,000	$ 0
Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants exercisable to purchase Class A ordinary shares				19,300,000
Aggregate purchase price				$ 11,700,000
Private Placement Warrants
Subsidiary, Sale of Stock [Line Items]
Warrants exercisable to purchase Class A ordinary shares		7,800,000
Exercise price of warrant		$ 11.5
Private Placement [Member] | Private Placement Warrants | Tailwind Two Acquisition Corp [Member]
Subsidiary, Sale of Stock [Line Items]
Warrants exercisable to purchase Class A ordinary shares	7,800,000			7,800,000
Price of warrants	$ 1.5			$ 1.5
Aggregate purchase price	$ 11,700,000,000			$ 11,700,000
Number of shares per warrant				1
Exercise price of warrant				$ 11.5

RELATED PARTY TRANSACTIONS - Fo

RELATED PARTY TRANSACTIONS - Founder Shares (Details) - Tailwind Two Acquisition Corp [Member]	Dec. 03, 2020USD ($)$ / sharesshares
Sponsor
Related Party Transaction [Line Items]
Threshold period after the business combination in which the 20 trading days within any 30 trading day period commences	30 days
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination	150 days
Sponsor | Common Class B [Member]
Related Party Transaction [Line Items]
Shares issued	8,625,000
Consideration received | $	$ 25,000
Shares subject to forfeiture	1,125,000
Percentage of issued and outstanding shares after the Initial Public Offering collectively held by initial stockholders	20.00%
Shares are no longer subject to forfeiture	1,125,000
Restrictions on transfer period of time after business combination completion	1 year
Stock price trigger to transfer, assign or sell any shares or warrants of the company, after the completion of the initial business combination (in dollars per share) | $ / shares	$ 12
Maximum [Member] | Common Class B [Member]
Related Party Transaction [Line Items]
Threshold period after the business combination in which the 20 trading days within any 30 trading day period commences	20 days

RELATED PARTY TRANSACTIONS - Ad

RELATED PARTY TRANSACTIONS - Additional Information (Details) - USD ($)	Mar. 12, 2021	Mar. 09, 2021	Nov. 23, 2020	Dec. 31, 2020	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Mar. 25, 2022	Mar. 08, 2021
Related Party Transaction [Line Items]
Price of warrant					$ 18
Revenue from related parties							$ 1,600,000	$ 700,000
Accounts receivables due from related parties				$ 75,000			470,000	75,000
Minimum lease payments under the lease					$ 47,426,000		28,310,000
Operating cash flows from operating leases					486,000
Tailwind Two Acquisition Corp [Member]
Related Party Transaction [Line Items]
Repayment of promissory note - related party				0			89,890
Accounts payable and accrued expenses				6,093			2,140,014	6,093
GeoOptics, Inc [Member]
Related Party Transaction [Line Items]
Revenue from related parties					501,000	$ 320,000
Accounts receivables due from related parties					$ 637,000		$ 470,000
Related Party Transaction Percentage Of Remaining Performance Obligations					3.00%		9.00%
Equity method Investment amount				$ 1,700,000			$ 1,700,000	$ 1,700,000
Equity method investment ownership interest				2.30%			2.30%	2.30%
Satellite Solutions Group, LLC [Member]
Related Party Transaction [Line Items]
Professional fees								$ 700
Affiliate Of Daniel Staton [Member]
Related Party Transaction [Line Items]
Related Party PIPE Investment Amount							$ 30,000,000
Lockheed Martin [Member]
Related Party Transaction [Line Items]
Revenue from related parties					$ 10,300,000	$ 3,800,000	20,600,000	5,400,000
Accounts receivables due from related parties				$ 369,000	$ 15,200,000		$ 530,000	$ 369,000
Related Party Transaction Percentage Of Remaining Performance Obligations					86.00%		56.00%
Related Party Portion Of Combination Warrants							$ 3,800,000
Related Party Portion Of Combination Equity							$ 2,900,000
Restricted Stock Units (RSUs) [Member] | Lockheed Martin [Member]
Related Party Transaction [Line Items]
Number of units issued							10,000
Inducement Warrants [Member]
Related Party Transaction [Line Items]
Price of warrant									$ 0.01
Inducement Warrants [Member] | Lockheed Martin [Member]
Related Party Transaction [Line Items]
Number of warrants held							10,571
Fair Value Of Warrants							$ 3,500,000
Pre Combination Warrants [Member]
Related Party Transaction [Line Items]
Price of warrant										$ 0.01
Pre Combination Warrants [Member] | Lockheed Martin [Member]
Related Party Transaction [Line Items]
Number of warrants held							12,398
Fair Value Of Warrants							$ 424
Detachable Warrants [Member] | Lockheed Martin [Member]
Related Party Transaction [Line Items]
Number of warrants held							103,055
Series A Preferred Stock [Member]
Related Party Transaction [Line Items]
Temporary equity shares outstanding							396,870
Series A Preferred Stock [Member] | Lockheed Martin [Member]
Related Party Transaction [Line Items]
Temporary equity shares outstanding				347,261			347,261	347,261
Temporary Equity Liquidation Preference				$ 7,000,000			$ 7,000,000	$ 7,000,000
Senior Secured Notes Due Two Thousand And Twenty Six [Member] | Lockheed Martin [Member]
Related Party Transaction [Line Items]
Debt Instrument Related Partyy Debt Principal And Accrued Interest							58,100,000
Convertible Notes due 2028 [Member] | Lockheed Martin [Member]
Related Party Transaction [Line Items]
Debt Instrument Related Partyy Debt Principal And Accrued Interest				3,300,000				3,300,000
Unsecured Promissory Note | Tailwind Two Acquisition Corp [Member]
Related Party Transaction [Line Items]
Repayment of promissory note - related party	$ 89,890
Administrative Support Agreement | Tailwind Two Acquisition Corp [Member]
Related Party Transaction [Line Items]
Expenses per month		$ 10,000
Accrued expenses		$ 100,000
Accounts payable and accrued expenses				0				0
Working capital loans warrant | Tailwind Two Acquisition Corp [Member]
Related Party Transaction [Line Items]
Loan conversion agreement warrant							$ 1,500,000
Price of warrant							$ 1.5
Outstanding Balance				$ 0			$ 0	0
Sponsor | Unsecured Promissory Note | Tailwind Two Acquisition Corp [Member]
Related Party Transaction [Line Items]
Amount available for borrowings			$ 300,000
New lease for office space [Member] | Chairman and CEO [Member]
Related Party Transaction [Line Items]
Lease term commence date					Apr. 1, 2021		Apr. 1, 2021
Lease expiration date					Mar. 31, 2026		Mar. 31, 2026
One Time Right To Extend The Lease Term For Additional Period					5 years		5 years
Minimum lease payments under the lease							$ 1,200,000
Operating cash flows from operating leases					$ 57,000
Consulting services [Member] | Chairman and CEO [Member]
Related Party Transaction [Line Items]
Amount available for borrowings					125,000		125,000	$ 417,000
Subscription agreement [Member] | Affiliate Of Daniel Staton [Member]
Related Party Transaction [Line Items]
Due To Affiliate Quarterly Fee Amount					$ 1,875,000		1,875,000
Commercial agreements [Member] | Affiliates Of PIPE Investors [Member]
Related Party Transaction [Line Items]
Related Party Transaction Purchases From Related Party							$ 20,000,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($)	Feb. 01, 2022	Jan. 01, 2022	Apr. 30, 2022	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Oct. 31, 2021	Nov. 25, 2020	Aug. 31, 2019
Loss Contingencies [Line Items]
Deferred Fee Per Unit						$ 0.35
Deferred underwriting fee payable						$ 12,075,000
Common shares, par value (in dollars per share)				$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Number of shares issued						5,080,409
Purchase price						$ 10
Aggregate gross proceeds				$ 14,791,000		$ 50,800,000
Operating lease expense						1,000,000	$ 868,000
Long term purchase commitment amount					$ 800,000
Accrued Purchase commitment					$ 800,000
Loss contingency estimate possible loss										$ 2,300,000
Deferred financing costs										$ 2,000,000
Loss contingency accrual at carrying value							$ 500,000		$ 500,000
Legal continency accrual				833,000		$ 800,000
Commercial agreement to purchase				$ 20,000,000
Subsequent Event [Member]
Loss Contingencies [Line Items]
Settlement agreement with the customer			$ 833,000
Lease Term December 2021 To December 2026 [Member]
Loss Contingencies [Line Items]
Increase in future minimum lease payments		$ 1,100,000
Lease Term September 2027 To November 2032 [Member]
Loss Contingencies [Line Items]
Increase in future minimum lease payments	$ 5,400,000
Lease Term December 2022 To November 2032 [Member]
Loss Contingencies [Line Items]
Increase in future minimum lease payments	17,100,000
Lease Term April 2022 To June 2027 [Member]
Loss Contingencies [Line Items]
Increase in future minimum lease payments	$ 2,000,000

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Summary Of Lessee Operating Lease Liability Maturity (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 5,666	$ 3,484
2023	5,771	4,865
2024	5,709	4,970
2025	5,705	4,928
2026		4,896
Thereafter		5,167
Total lease payments	47,426	28,310
Total	16,474	28,310
Finance Lease, Liability, Payment, Due [Abstract]
2022	21	21
2023	11	21
2024	8	11
2025	7	8
2026		7
Thereafter		0
Total lease payments	63	68
Less interest on finance leases	2	15
Total	$ 49	$ 53	$ 49

SHAREHOLDERS' (DEFICIT) EQUITY

SHAREHOLDERS' (DEFICIT) EQUITY - Preferred Stock Shares (Details) - $ / shares	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Preferred shares, shares authorized	50,000,000	0
Preferred stock, par or stated value per share	$ 0.0001	$ 0.0001
Preferred shares, shares issued	0	0
Preferred shares, shares outstanding	0	0
TAILWIND TWO ACQUISITION CORP.
Preferred shares, shares authorized		1,000,000	1,000,000
Preferred stock, par or stated value per share		$ 0.0001	$ 0.0001
Preferred shares, shares issued		0	0
Preferred shares, shares outstanding		0	0

SHAREHOLDERS' (DEFICIT) EQUIT_2

SHAREHOLDERS' (DEFICIT) EQUITY - Common Stock Shares (Details)	12 Months Ended
	Dec. 31, 2021$ / sharesshares	Mar. 31, 2022$ / sharesshares	Oct. 31, 2021$ / sharesshares	Dec. 31, 2020$ / sharesshares
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	151,717,882	300,000,000	5,000,000	5,000,000
Common shares, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Common shares, shares issued (in shares)	78,601,283	137,295,455		2,439,634
Common shares, shares outstanding (in shares)	78,601,283	137,295,455		2,439,634
Common Class A [Member] | TAILWIND TWO ACQUISITION CORP.
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	500,000,000			500,000,000
Common shares, par value (in dollars per share) | $ / shares	$ 0.0001			$ 0.0001
Common shares, votes per share	1
Common shares, shares issued (in shares)	0			0
Common shares, shares outstanding (in shares)	0			0
Class A Ordinary shares subject to possible redemption | TAILWIND TWO ACQUISITION CORP.
Class of Stock [Line Items]
Common shares, shares issued (in shares)	34,500,000
Common shares, shares outstanding (in shares)	34,500,000
Class A common stock subject to possible redemption, issued (in shares)	34,500,000			0
Class A common stock subject to possible redemption, outstanding (in shares)	34,500,000			0
Common Class B [Member] | TAILWIND TWO ACQUISITION CORP.
Class of Stock [Line Items]
Common shares, shares authorized (in shares)	50,000,000			50,000,000
Common shares, par value (in dollars per share) | $ / shares	$ 0.0001			$ 0.0001
Common shares, votes per share	1
Common shares, shares issued (in shares)	8,625,000			8,625,000
Common shares, shares outstanding (in shares)	8,625,000			8,625,000
Ratio to be applied to the stock in the conversion	20

WARRANT LIABILITIES (Details)

WARRANT LIABILITIES (Details) - Tailwind Two Acquisition Corp [Member]	12 Months Ended
	Dec. 31, 2021Day$ / sharesshares	Dec. 31, 2020shares
Common Class A [Member]
Class of Warrant or Right [Line Items]
Percentage of gross proceeds on total equity proceeds	60.00%
Private Placement Warrants
Class of Warrant or Right [Line Items]
Warrants outstanding | shares	7,800,000	0
Threshold period for not to transfer, assign or sell any of their shares or warrants after the completion of the initial business combination	30 days
Public Warrants
Class of Warrant or Right [Line Items]
Warrants outstanding | shares	11,500,000	0
Public Warrants exercisable term after the completion of a business combination	30 days
Public Warrants exercisable term from the closing of the initial public offering	1 year
Public Warrants expiration term	5 years
Maximum period after business combination in which to file registration statement	20 days
Period of time within which registration statement is expected to become effective	60 days
Public Warrants | Common Class A [Member]
Class of Warrant or Right [Line Items]
Share price | $ / shares	$ 9.2
Trading days determining volume weighted average price	20 days
Public Warrants | Redemption of Warrants When the Price per Class A Ordinary Share Equals or Exceeds $18.00
Class of Warrant or Right [Line Items]
Stock price trigger for redemption of public warrants (in dollars per share) | $ / shares	$ 18
Redemption price per public warrant (in dollars per share) | $ / shares	$ 0.01
Threshold number of business days before sending notice of redemption to warrant holders	30
Threshold trading days for redemption of public warrants	20
Threshold consecutive trading days for redemption of public warrants	30
Adjustment of exercise price of warrants based on market value and newly issued price (as a percent)	115.00%
Public Warrants | Redemption of Warrants When the Price per Class A Ordinary Share Equals or Exceeds $10.00
Class of Warrant or Right [Line Items]
Stock price trigger for redemption of public warrants (in dollars per share) | $ / shares	$ 10
Redemption price per public warrant (in dollars per share) | $ / shares	$ 0.1
Threshold number of business days before sending notice of redemption to warrant holders	30
Threshold trading days for redemption of public warrants	20
Threshold consecutive trading days for redemption of public warrants	30
Adjustment one of redemption price of stock based on market value and newly issued price (as a percent)	180.00%

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - Tailwind Two Acquisition Corp [Member]	Dec. 31, 2021USD ($)
Debt Securities, Held-to-Maturity, Fair Value to Amortized Cost, after Allowance for Credit Loss [Abstract]
Amortized Cost	$ 345,088,635
Gross Holding Gain	1,365
Fair Value	345,090,000
Assets:
Cash held in the Trust Account	1,188
Assets Held-in-trust, Noncurrent	345,089,823
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities	16,405,000
US Treasury Securities [Member]
Assets:
Assets Held-in-trust, Noncurrent	345,088,635
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Public Warrants
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities	9,775,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Recurring [Member] | Private Placement Warrants
Liabilities, Fair Value Disclosure [Abstract]
Warrant liabilities	$ 6,630,000

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Change in the Fair Value of the Warrant Liabilities (Details) - Tailwind Two Acquisition Corp [Member]	12 Months Ended
	Dec. 31, 2021USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Initial measurement on March 9, 2021	$ 18,914,000
Change in fair value	386,000
Transfer to Level 1	(11,500,000)
Transfer to Level 2	(7,800,000)
Private Placement Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Initial measurement on March 9, 2021	7,644,000
Change in fair value	156,000
Transfer to Level 2	(7,800,000)
Public Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Initial measurement on March 9, 2021	11,270,000
Change in fair value	230,000
Transfer to Level 1	(11,500,000)
Fair Value, Inputs, Level 1 [Member] | Public Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of transfers in or out of Level 3	11,500,000
Fair Value, Inputs, Level 2 [Member] | Private Placement Warrants
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value of transfers in or out of Level 3	$ 7,800,000

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Summary of Long Term Debt Instruments (Detail) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount		$ 115,095	$ 34,446
Fair Value		124,221	$ 106,679
Pipe Investment Obligation [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	$ 11,131	0
Fair Value	25,075	0
Long-term Debt [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Carrying Amount	91,264	115,095
Fair Value	$ 173,524	$ 124,221

Share Based Compensation- Addit

Share Based Compensation- Additional Information (Detail) - USD ($)	Mar. 25, 2022	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Jan. 31, 2022	May 31, 2020
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Income tax benefit associated with share based compensation				$ 0	$ 0
Number of awards granted				0
Contractual term				5 years 4 months 20 days	6 years 3 months
Granted				0
Granted				568,414
Number of unvested awards				536,626	0
Exercise price				$ 26.76	$ 24.59
Weighted average grant date fair value				$ 83.6
Expected dividend yield		0.00%
Share-based compensation expense		$ (17,335,000)	$ (168,000)	$ (678,000)	$ (1,194,000)
Restricted Stock Units (RSUs) [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Vesting period				4 years
Granted		6,400,000
Vesting rights		The majority of these RSUs (referred to as “Retention RSUs”) will generally vest on the later to occur of: (i) the first anniversary of the consummation of the Tailwind Two Merger and (ii) the trading price of Company’s common stock equaling or exceeding $11.00 or $13.00, as applicable, for any 20 trading days within any consecutive 30-trading day period. The Retention RSUs expire five years from the Tailwind Two Merger if unvested. The derived service period for the Retention RSUs was estimated to be less than one year from the date of the Tailwind Two Merger based on the median weighted-average triggering event period determined using the Monte Carlo simulation model. As the derived service period is less than one year, the share-based compensation expense associated with the Retention RSUs will be recognized over a one-year period beginning from the consummation of the Tailwind Two Merger. In addition, the grant date fair value of the Retention RSUs was determined using the Monte Carlo simulation model using the following significant inputs and assumptions as of the valuation date: (i) the price per share of Terran Orbital Corporation’s common stock, (ii) the risk-free interest rate, (iii) the dividend yield, (iv) the estimated volatility, and (v) a discount for lack of marketability.
Number of units issued due to modification of plan				$ 29,835
Weighted average grant date fair value		$ 8.12		$ 79.99
Incremental share-based compensation cost to be recognized as a result of plan modification		$ 445,000		$ 445,000
Incremental share-based compensation expense		$ 0		$ 0
Expiration period	5 years
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Retention Recognized Period		1 year
Share-based compensation expense		$ 17,200,000
Unrecognize share-based compensation expense		0
Restricted Stock Units (RSUs) [Member] | Selling, General and Administrative Expenses [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Share-based compensation expense		15,100,000
Restricted Stock Units (RSUs) [Member] | Cost of Sales [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Share-based compensation expense		$ 2,100,000
Restricted Stock Units 2014 Plan [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of shares authorized for issuance				744,130
Restricted Stock Units 2014 Plan [Member] | Share-based Payment Arrangement, Option [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of awards granted				0
Contractual term				10 years
Granted				0
Weighted average grant date fair value of options granted					$ 51.49
Intrinsic value of options exercised				$ 1,900,000	$ 1,800,000
Unrecognized compensation cost related to options				$ 648,000
Weighted average period				2 years 4 months 24 days
Restricted Stock Units 2014 Plan [Member] | Share-based Payment Arrangement, Option [Member] | Maximum [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Vesting period				4 years
Restricted Stock Units 2014 Plan [Member] | Share-based Payment Arrangement, Option [Member] | Minimum [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Vesting period				2 years
Restricted Stock Units 2014 Plan [Member] | Restricted Stock Units (RSUs) [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Unrecognized compensation cost related to options				$ 43,600,000
Weighted average period				1 year 1 month 6 days
Restricted Stock Units 2014 Plan [Member] | Restricted Stock Units (RSUs) [Member] | Maximum [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Vesting period				4 years
Restricted Stock Units 2014 Plan [Member] | Restricted Stock Units (RSUs) [Member] | Minimum [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Vesting period				2 years
Restricted Stock Units 2014 Plan [Member] | Restricted Stock [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Granted				0	0
Number of unvested awards				0
Fair value of awards vested					$ 535,000
Restricted Stock Units 2014 Plan [Member] | Subsequent Event [Member] | Restricted Stock Units (RSUs) [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Granted		233,000
Vesting rights		The majority of these RSUs will generally vest on the latest occur of: (i) the first anniversary of the consummation of the Tailwind Two Merger, (ii) the trading price of New Terran Orbital’s common stock equaling or exceeding $11.00 or $13.00, as applicable, for any 20 trading days within any consecutive 30-trading day period and (iii) such other performance vesting conditions.
Predecessor Plan [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of awards granted				0
Granted				0
Amended 2014 Plan [Member] | Maximum [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of shares authorized for issuance						25,967,343
Amended 2014 Plan [Member] | Maximum [Member] | Legacy Terran Orbital [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of shares authorized for issuance						941,355
Amended 2014 Plan [Member] | Subsequent Event [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of shares authorized for issuance						941,355
PredaSAR Plan [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of shares authorized for issuance							9,000
Number of awards granted				0
Contractual term					9 years 6 months
Granted				0
Exercise price				$ 0	$ 988.64
PredaSAR Plan [Member] | Share-based Payment Arrangement, Option [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of awards granted				0
Vesting period				5 years
Contractual term				10 years
Granted				0
Weighted average grant date fair value of options granted					$ 577
Exercise price				$ 1,000
2021 Plan [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Number of shares authorized for issuance		13,729,546
Percentage of aggregate common stock outstanding		3.00%
2021 Plan [Member] | Restricted Stock Units (RSUs) [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Options And Other Than Options Outstanding Number		23,000,000

Share-Based Compensation - Summ

Share-Based Compensation - Summary of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Stock options			$ 416	$ 580
Share-based compensation	$ 17,335	$ 168	678	1,194
Previously Reported [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Share-based compensation			678	1,230
Restricted Stock Units (RSUs) [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Restricted Stock or Unit Expense			225	0
Restricted Stock [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Restricted Stock or Unit Expense			0	540
PredaSAR [Member]
Schedule of Compensation Cost for Share Based Payment Arrangements Allocation of Share Based Compensation Costs by Plan [Line Items]
Restricted Stock or Unit Expense			$ 37	$ 110

Share-Based Compensation - Su_2

Share-Based Compensation - Summary of Share Based Payment Award Stock Options Valuation Assumptions (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)
Schedule of Share Based Payment Award Stock Options Valuation Assumptions [Abstract]
Expected term	6 years 3 months
Expected volatility (Minimum)	110.00%
Expected volatility (Maximum)	120.00%
Expected dividend yield	$ 0
Risk-free interest rate (Minimum)	0.46%
Risk-free interest rate (Maximum)	0.56%

Share-Based Compensation - Su_3

Share-Based Compensation - Summary of Share Based Compensation Stock Options Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Share Based Compensation Stock Options Activity [Abstract]
Number of Options,Outstanding as of December 31, 2020	115,791
Number of Options,Granted	0
Number of Options,Exercised	(21,716)
Number of Options,Forfeited	17,119
Number of Options,Outstanding as of December 31, 2021	76,956	115,791
Number of Options,Exercisable as of December 31, 2021	58,445
Weighted- Average Exercise Price,Outstanding as of December 31, 2020	$ 24.59
Weighted- Average Exercise Price,Granted	0
Weighted- Average Exercise Price,Exercised	10.9
Weighted- Average Exercise Price,Forfeited	32.16
Weighted- Average Exercise Price,Outstanding as of December 31, 2021	26.76	$ 24.59
Weighted- Average Exercise Price,Exercisable as of December 31, 2021	$ 23.16
Aggregate Intrinsic Value,Outstanding as of December 31, 2020		$ 5,763
Aggregate Intrinsic Value,Outstanding as of December 31, 2021	$ 12,797
Aggregate Intrinsic Value,Exercisable as of December 31, 2021	$ 9,929
Weighted- Average Remaining Contractual Term, Outstanding	5 years 4 months 20 days	6 years 3 months
Weighted- Average Remaining Contractual Term,Exercisable as of December 31, 2021	4 years 7 months 13 days

Share-Based Compensation - Su_4

Share-Based Compensation - Summary of Share-based Payment Arrangement, Restricted Stock Unit, Activity (Detail)	12 Months Ended
	Dec. 31, 2021$ / sharesshares
Share-based Payment Arrangement, Disclosure [Abstract]
Number of RSUs, Unvested as of December 31, 2020 | shares	0
Number of RSUs, Granted | shares	568,414
Number of RSUs, Vested | shares	0
Number of RSUs, Forfeited | shares	(31,788)
Number of RSUs, Unvested as of December 31, 2021 | shares	536,626
Weighted- Average Grant-Date Fair Value, Unvested as of December 31, 2020 | $ / shares	$ 0
Weighted- Average Grant-Date Fair Value, Granted | $ / shares	83.6
Weighted- Average Grant-Date Fair Value, Vested | $ / shares	0
Weighted- Average Grant-Date Fair Value, Forfeited | $ / shares	89.26
Weighted- Average Grant-Date Fair Value, Unvested as of December 31, 2021 | $ / shares	$ 83.27

Share-Based Compensation - Su_5

Share-Based Compensation - Summary of Share Based Payment Award Stock Options Valuation Assumptions Under PredaSAR Plan (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)
Expected term	6 years 3 months
Expected volatility (Minimum)	110.00%
Expected volatility (Maximum)	120.00%
Expected dividend yield	$ 0
Risk-free interest rate (Minimum)	0.46%
Risk-free interest rate (Maximum)	0.56%
PredaSAR Plan [Member]
Expected term	6 years 3 months
Expected volatility (Minimum)	110.00%
Expected volatility (Maximum)	110.00%
Expected dividend yield	$ 0
Risk-free interest rate (Minimum)	0.43%
Risk-free interest rate (Maximum)	0.65%

Share-Based Compensation - Su_6

Share-Based Compensation - Summary of Share Based Payment Award Stock Options Valuation Assumptions Under Black-Scholes Option Pricing Model (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Line Items]
Expected term		6 years 3 months
Expected volatility (Minimum)		110.00%
Expected volatility (Maximum)		120.00%
Expected dividend yield		$ 0
Risk-free interest rate (Minimum)		0.46%
Risk-free interest rate (Maximum)		0.56%
Prior to Cancellation Of PredaSAR Plan [Member]
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Line Items]
Expected volatility (Minimum)	105.00%
Expected volatility (Maximum)	105.00%
Risk-free interest rate (Minimum)	0.95%
Risk-free interest rate (Maximum)	0.95%
Prior to Cancellation Of PredaSAR Plan [Member] | Minimum [Member]
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Line Items]
Expected term	5 years 6 months
Expected dividend yield	$ 0
Prior to Cancellation Of PredaSAR Plan [Member] | Maximum [Member]
Schedule Of Share Based Payment Award Stock Options Valuation Assumptions [Line Items]
Expected term	6 years 3 days
Expected dividend yield	$ 0

Share-Based Compensation - Su_7

Share-Based Compensation - Summary of Share Based Compensation Stock Options Activity Under PredaSAR Plan (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Share Based Compensation Stock Options Activity [Line Items]
Number of Options,Outstanding as of December 31, 2020	115,791
Number of Options,Granted	0
Number of Options,Exercised	21,716
Number of Options,Forfeited	17,119
Number of Options,Outstanding as of December 31, 2021	76,956	115,791
Number of Options, Exercisable as of December 31, 2021	58,445
Weighted- Average Exercise Price,Outstanding as of December 31, 2020	$ 24.59
Weighted- Average Exercise Price,Granted	0
Weighted- Average Exercise Price,Exercised	10.9
Weighted- Average Exercise Price,Forfeited	32.16
Weighted- Average Exercise Price,Outstanding as of December 31, 2021	26.76	$ 24.59
Weighted- Average Exercise Price, Exercisable as of December 31, 2021	$ 23.16
Aggregate Intrinsic Value,Outstanding as of December 31, 2020		$ 5,763
Aggregate Intrinsic Value,Outstanding as of December 31, 2021	$ 12,797
Aggregate Intrinsic Value,Exercisable as of December 31, 2021	$ 9,929
Weighted- Average Remaining Contractual Term, Outstanding	5 years 4 months 20 days	6 years 3 months
PredaSAR Plan [Member]
Schedule Of Share Based Compensation Stock Options Activity [Line Items]
Number of Options,Outstanding as of December 31, 2020	1,967
Number of Options,Granted	0
Number of Options,Exercised	0
Number of Options,Forfeited	45
Number of Options, Cancelled and replaced	(1,922)
Number of Options,Outstanding as of December 31, 2021	0	1,967
Number of Options, Exercisable as of December 31, 2021	0
Weighted- Average Exercise Price,Outstanding as of December 31, 2020	$ 988.64
Weighted- Average Exercise Price,Granted	0
Weighted- Average Exercise Price,Exercised	0
Weighted- Average Exercise Price,Forfeited	917.25
Weighted- Average Exercise Price, Cancelled and replaced	990.31
Weighted- Average Exercise Price,Outstanding as of December 31, 2021	0	$ 988.64
Weighted- Average Exercise Price, Exercisable as of December 31, 2021	$ 0
Aggregate Intrinsic Value,Outstanding as of December 31, 2020		$ 0
Aggregate Intrinsic Value,Outstanding as of December 31, 2021	$ 0
Aggregate Intrinsic Value,Exercisable as of December 31, 2021	$ 0
Weighted- Average Remaining Contractual Term, Outstanding		9 years 6 months

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Anti Dilutive Securities (Detail) - shares	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Convertible Notes due 2028
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				940,160
Series A Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	10,947,686	396,870	396,870
Series Seed Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				25,000
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,938,804	2,836,655	76,956	115,791
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	16,076,087	14,121,542	536,626
PredaSAR stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount				1,967
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			1,060,023
Detachable Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	26,029,630
Inducement Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	479,208
Fp Combination Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	8,291,704	0
Combination Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,763,902	0
Public Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11,499,960	0
Private Placement Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	7,800,000
Pipe Investment Obligation [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,270,349	0

Net Loss Per Share - Schedule_2

Net Loss Per Share - Schedule of Earnings Per Share Basic and Diluted (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Numerator:
Net loss	$ (71,372)	$ (77,496)	$ (138,982)	$ (10,455)
Denominator:
Weighted-average shares outstanding - basic and diluted	83,643,940	71,431,259	2,780,993	2,403,755
Net loss per share - basic and diluted	$ (0.85)	$ (1.08)	$ (49.98)	$ (4.35)

Segment Information - Summary O

Segment Information - Summary Of Revenue And Loss From Operations By Segment (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenue	$ 13,120	$ 10,494	$ 40,906	$ 24,879
Revenue	13,120	10,494
Loss from operations by segment	(33,050)	(5,913)	(36,709)	(9,419)
Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	13,120	10,494
Loss from operations by segment	(6,708)	(1,892)
Satellite Solutions [Member]
Segment Reporting Information [Line Items]
Revenue			40,736	24,860
Satellite Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	12,974	10,494
Loss from operations by segment	(6,048)	(980)	(3,326)	(2,128)
Earth Observation Solutions [Member]
Segment Reporting Information [Line Items]
Revenue			170	19
Earth Observation Solutions [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenue	146	0
Loss from operations by segment	$ (660)	$ (912)	(4,274)	(2,703)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Loss from operations by segment			(7,600)	(4,831)
Corporate Segment [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Loss from operations by segment			$ (7,600)	$ (4,831)

Segment Information - Summary_2

Segment Information - Summary Of Reconciliation Of Loss From Operations By Segment To Consolidated Loss From Operations And Net Loss (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)		$ (33,050)	$ (5,913)	$ (36,709)	$ (9,419)
Share-based compensation expense		(17,335)	(168)	(678)	(1,194)
Interest expense, net		2,923	907	7,965	1,216
Loss on extinguishment of debt	$ (2,600)	23,141	70,667	96,024	0
Change in fair value of warrant and derivative liabilities		11,853	(34)	(1,716)	0
Other (income) expense		403	15	(38)	4
Loss before income taxes		(71,370)	(77,468)	(138,944)	(10,639)
Provision for income taxes		2	28	38	(184)
Net loss		(71,372)	(77,496)	(138,982)	(10,455)
Loss from operations by segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)		(6,708)	(1,892)
Corporate Segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)				(7,600)	(4,831)
Corporate Segment [Member] | Loss from operations by segment [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)				(7,600)	(4,831)
Corporate and Other [Member]
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Operating Income (Loss)		$ (9,007)	$ (3,853)	$ (28,431)	$ (3,394)

Segment Information - Summary_3

Segment Information - Summary Of Revenue And Property, Plant And Equipment By Geography (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 13,120	$ 10,494	$ 40,906	$ 24,879
Property, plant and equipment, net	$ 38,334		35,530	19,521
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue			32,960	21,215
Property, plant and equipment, net			34,840	18,956
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue			7,946	3,664
Property, plant and equipment, net			$ 690	$ 565

Segment Information - Additiona

Segment Information - Additional Information (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022USD ($)Segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)Segment	Dec. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2		2
Depreciation and amortization	$ 846	$ 671	$ 3,053	$ 2,934
Number of operating segments | Segment			2
Satellite Solutions [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization			$ 2,700	$ 2,900
Depreciation, Depletion and Amortization, Nonproduction	641	$ 671
Earth Observation Solutions [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization			$ 368
Depreciation, Depletion and Amortization, Nonproduction	$ 184

Income Taxes - Summary Of Sched

Income Taxes - Summary Of Schedule Of Income Before Income Tax Domestic And Foreign (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]
United States			$ (140,563)	$ (10,727)
Foreign			1,619	88
Loss before income taxes	$ (71,370)	$ (77,468)	$ (138,944)	$ (10,639)

Income Taxes - Summary Of Compo

Income Taxes - Summary Of Components Of Income Tax Expense Benefit (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Current
Federal			$ (5)	$ (186)
State			2	2
Foreign			41	0
Current income tax expense (benefit)			38	(184)
Deferred:
Federal			0	0
State			0	0
Foreign			0	0
Deferred income tax benefit			0	0
Provision for (benefit from) income taxes	$ 2	$ 28	$ 38	$ (184)

Income Taxes - Summary Of Effec

Income Taxes - Summary Of Effective Income Tax Rate Reconciliation (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Effective Income Tax Rate Reconciliation, Amount [Abstract]
Income taxes computed at the U.S. federal statutory rate	$ (29,178)	$ (2,234)
State and local income taxes, net of federal benefit	(2,960)	(616)
Permanent differences	18,417	83
Change in valuation allowance	14,548	3,055
Federal refunds	(5)	(186)
Other, net	(784)	(286)
Provision for (benefit from) income taxes	$ 38	$ (184)

Income Taxes - Summary Of Defer

Income Taxes - Summary Of Deferred Tax Assets And Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets:
Share-based compensation	$ 670	$ 552
Property, plant and equipment	95	52
Disallowed interest	2,194	715
Legal accrual	224	230
Reserve for anticipated losses on contracts	224	540
Net operating losses	25,109	13,695
Accrued liabilities	2,011	226
Total deferred tax assets	30,527	16,010
Valuation allowance	(30,046)	(15,498)	$ (12,443)
Deferred tax assets, net of valuation allowance	481	512
Deferred tax liabilities
Deferred financing costs	0	(512)
Warrants and derivatives	481	0
Total deferred tax liabilities	(481)	(512)
Net deferred tax assets	$ 0	$ 0

Income Taxes - Summary Of Recon

Income Taxes - Summary Of Reconciliation Of Valuation Allowance For Deferred Tax Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Beginning balance	$ (15,498)	$ (12,443)
Change in valuation allowance	(14,548)	(3,055)
Ending balance	$ (30,046)	$ (15,498)

Income Taxes - Summary Of Open

Income Taxes - Summary Of Open Tax years By Jurisdiction (Detail)	12 Months Ended
	Dec. 31, 2021
Domestic Tax Authority [Member] | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2018
Domestic Tax Authority [Member] | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2020
State and Local Jurisdiction [Member] | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2017
State and Local Jurisdiction [Member] | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2020
Foreign Tax Authority [Member] | Minimum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2016
Foreign Tax Authority [Member] | Maximum [Member]
Income Tax Contingency [Line Items]
Open Tax Year	2020

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Line Items]
Percentage Of Settlement Realized To Measure Tax Position			50.00%
Unrecognized tax benefits			$ 0	$ 0
Effective income tax rate reconciliation tax credit			50.00%	30.00%
Deferred tax assets operating loss carryforwards subject to expire			$ 1,000,000
Operating loss carryforwards expiration date			Dec. 31, 2037
Income tax expense benefit	$ 2,000	$ 28,000	$ 38,000	$ (184,000)
Operating loss carryforwards limitations on use			The foreign NOL carryforwards can be carried forward indefinitely and used to offset up to 80% of future taxable income for future tax years.
Effective tax rate	0.00%	0.00%
Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Operating loss carryforwards			$ 91,000,000	47,000,000
Income tax expense benefit				186,000
Operating loss carryforwards limitations on use			The remainder of the Company’s federal NOL carryforwards were generated beginning in 2018 and can be carried forward indefinitely and used to offset up to 80% of future taxable income for future tax years. As a result of the CARES Act, federal NOL carryforwards generated during 2018, 2019 and 2020 can be carried back five years and offset 100% of taxable income
State and Local Jurisdiction [Member]
Income Tax Disclosure [Line Items]
Operating loss carryforwards			$ 76,000,000	$ 48,000,000

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Lease terms and extending maturities	2032
Minimum lease payments under the lease	$ 47,426	$ 28,310
Operating Leases, description	The Company has an executed operating lease for office space with a lease term from April 2022 to January 2028 with total future minimum lease payments of approximately $5.4 million. Additionally, there is an executed operating lease for office space with a lease term from April 2022 to June 2027 with total future minimum lease payments
Office Space [Member]
Lessee, Lease, Description [Line Items]
Minimum lease payments under the lease	$ 5,400
Office Space One [Member]
Lessee, Lease, Description [Line Items]
Minimum lease payments under the lease	$ 2,000
Maximum [Member] | Office Space [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	2028-01
Maximum [Member] | Office Space One [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	2027-06
Minimum [Member] | Office Space [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	2022-04
Minimum [Member] | Office Space One [Member]
Lessee, Lease, Description [Line Items]
Operating lease term	2022-04

Leases - Schedule of Condensed

Leases - Schedule of Condensed Consolidated Balance Sheets Related to Operating and Finance Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Jan. 01, 2022
Assets and Liabilities, Lessee [Abstract]
Operating, Right-of-use assets	$ 14,119	$ 6,550
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other assets	Other assets
Finance, Right-of-use assets	$ 44	$ 48
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Total right-of-use assets	$ 14,163	$ 6,598
Operating, Lease liabilities	$ 834	$ 166
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Finance, Lease liabilities	$ 15	$ 14
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Current portion of long-term debt	Current portion of long-term debt
Operating, Non-current liabilities	$ 15,640	$ 7,962
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other liabilities	Other liabilities
Finance, Non-current liabilities	$ 34	$ 39
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Long-term debt	Long-term debt
Total lease liabilities	$ 16,523	$ 8,181

Leases - Schedule of Lease Cost

Leases - Schedule of Lease Cost (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Leases [Abstract]
Operating lease cost	$ 1,263
Amortization of right-of-use assets	4
Interest on lease liabilities	2
Variable lease costs	140
Total lease cost	$ 1,409

Leases - Schedule of Cash Flows

Leases - Schedule of Cash Flows and Supplemental Information (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ 486
Operating cash flows from finance leases	2	$ 15
Financing cash flows from finance leases	3
Operating leases	$ 7,384

Leases - Schedule of Weighted-a

Leases - Schedule of Weighted-average Lease Term and Discount Rate for Operating and Finance Leases (Details)	Mar. 31, 2022
Leases [Abstract]
Operating leases, Weighted-average remaining lease term (years)	7 years 8 months 12 days
Finance leases, Weighted-average remaining lease term (years)	3 years 4 months 24 days
Operating leases, Weighted-average discount rate	29.69%
Finance leases, Weighted-average discount rate	14.96%

Leases - Schedule of Maturity A

Leases - Schedule of Maturity Analysis Related to Operating and Finance Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 3,053
2023	5,666	$ 3,484
2024	5,771	4,865
2025	5,709	4,970
2026	5,705	4,928
Thereafter	21,522
Total lease payments	47,426	28,310
Less interest	30,952
Total lease liabilities	16,474	28,310
Finance Lease, Liability, Payment, Due [Abstract]
2022	16
2023	21	21
2024	11	21
2025	8	11
2026	7	8
Total lease payments	63	68
Less interest	14
Total lease liabilities	$ 49	$ 53	$ 49

Leases - Schedule of Maturity_2

Leases - Schedule of Maturity Analysis Related to Operating and Finance Leases ASC 840 (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2022		$ 3,484
2023		4,865
2024		4,970
2025		4,928
2026		4,896
Thereafter		5,167
Total lease payments		28,310
Total lease liabilities	$ 16,474	28,310
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2022		21
2023		21
2024		11
2025		8
2026		7
Total lease payments		68
Less interest on finance leases		15
Total		$ 53