XXXX you, of decided and Earnings Call. you, and Thank and year first In quarter the full previously for cancel the XXXX to Conference Call. thank welcome, our joining quarter company's John, strategic management Earnings light everyone, review, scheduled fourth
to conference events the our ongoing, and Although today's results. are up call quarter keep still to strategic review on first is stakeholders hosting date recent we
don't think realizing. minute, off here a I you go if don't to little mind. are I'm script a going people for
next we of becomes to people realizing , XX which revenue, signed which we the the is have months. XX it that won year. last But million Rivada are over of and We backlog, becomes course $XXX revenue an amazing have program
grow stronger money and from our every of Martin, to that's Lockheed it we're relationship Martin with the is bulk it Lockheed will of very continues that build So and appreciative day.
as XXX moving more of more more -- to people, so rapidly our a work able our changing and how these we're has workforce are to work, more XX% And the is bit going I the becomes throughput are see to million and we're workforce our cleared, more that XXX changing we're our dramatically here into little now under classified only DoD. yet just be where think now is for do government up produce. metrics and important to and workforce $XXX We from And gone and we've revenue. is gone
people like XXXX the be we quite think are will this XX it With you space under to that points delivered to of context the that, give because going don't I [indiscernible] realized rest down vehicles some but looks alone. to quarter, in I'm I we've hopefully back And revenues but script, make upfront, to quick conversation. to the want were just just get some
build all bespoke investing states, to improvement significant remind Today, that a efficiencies Let the efficiency head comes in to pursuing speed. years scale, nation that the the is mass billion-dollar and turnover space mission team Terran satellites a domain without manufacture. expansion. to a to with strategic count X at production and capacity XX And enable manufacturing significant of me that few [indiscernible] have of we which who critical you know historically, took time
dramatically increasing our -- we amount only count with months. course past of manufacture just over XX people we only can the X the head So increase just the
drive in automation, standardization component design, speed, quality. are cost to utilizing modular synchronized and We improvement
Our automation beyond components has assembly expanded satellite integration. satellite and to
automation. in production, improvement quality capacity auto realizing both are from We and reinvestments and cost saves our
Development partner, Lockheed Agency. clearly layer It A our space the Space tranche X to XX of from contract delivery XX customer and our was in our our early for facility satellites only transport vehicles award our California. took proof months and from success supported of to delivery Martin
relative XX program, improvement stopping is While it's months take here. to years a where complete to significant not the that would new satellite traditionally
further have able announced and manufacturing We to to time XX-day to vehicles. have accommodate times just reduce to standards-based plans weeks be for lead plans
collaboration, turn Martin which we successful Lockheed blossomed over into significant relationship. The to a has
the We you including this event relies beginning increasingly are department contract companies initial on commercial see contracts set last following state success, a the for award announced national night, proud vast to as missions. just our announce additional is the opportunity we as security of
a As Geo end-use of to broadband customer across to pipeline, include XXX beyond. XG, identified [indiscernible] orders March XX, communications, intelligence, over programs have of span Leo, defense, direct and sensing, set, handset billion markets diverse $XX from globally and over we remote
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capabilities positioned at fraction and to a Orbital deliver strategic pole vision time vehicles this challenges, mission uniquely vertical highly volume a compressed manufacturing space engineered Equally each within to frames historical key an costs. meet Disrupting and its high important, has and do we Terran has our of other's been integration. design needs, industry
always As you control I've your your you supply said, control chain, destiny.
a the decision detail evidenced team's doubt shareholders solution. long-term protect Matt of proposal pivot our proud am but proactive want best our are impact to this provide program none the integration, to vertical first of our on I decision. subcontractor quarter, alternative of to recent to of the of I accounting by consequences propulsion benefits schedule. will our of The replacement further
missions modules the is chain our supply At XX% to of today, are XX% ] on customers' of the as supply time in-house, chain And [ we manufacture budget. on plan and in-house. with unfortunately, end day, of the goal manufactured our deliver
assembly facility, We have facilities, circuit tables, CNCs, run intedboard TVAC. Sagar testing our
on we're we We anything of the outsource, reality to shop, harnessing the but mercy subcontractors. have assembly [indiscernible] have at is
invested delivering to own of dollars but beyond, bring as And and things in-house. hundreds positive. continue components more we've we more EBITDA environment, and future become and drive that, designing the things that past unfortunately, and the impact be that millions we is statements to bringing building of over why in $XXX on orders the which the We of this financial getting modules our next in realized significant few we're years, difficult million in-house, our of will of is
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share space, we're some industry frustration Our the customers commercial have have delays shareholders' that. and experienced. with the our our not company to raise cognizant space, money on very We of DoD and
of in With that, steadfast prospects long-term the positioning. our and we in confidence company's our industry are
maker expenditures. back may appropriately flex tightened while for ramp team was discretionary our option the to capital acquire. to constellations As capacity expenditures, The a intent result of these thrilled these delays, to delays demand the responsibly as pending preserving
XX,XXX I We past our specific over our would just highlights. completed about few make did original foot facility. We our some addition to talk the operational substantial to years. investments manufacturing like manufacturing capabilities design square in
As we speak, in space expect of XX floor, and to manufacturing we vehicles this vehicles final launch a have over we year. space the assembly just well stages under XX
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alone standard bus satellite seeing yielding elements of every costs XX% certain lines almost our reduction time. We an estimated are PCBA are and to XXX%
construction Our we physical us Irvine, square coming be new as announced foot next is months the previously is handed to facility to capacity in we addition, complete. which in our here expect XX,XXX which over me
of facility of scale magnitude offers the frequency new and to the awards. customer The us capacity on ability add
the also actively I that the the with the expect that would infrastructure in tenor open programs. supply am are proud than to of in pricing depend support constellation progress Development pursuing has and happy you this of capacity made XXXX. We update to and no this desire. quality match facility opportunities our progress QX speed, vehicles to later other I'm building that Space Agency on customers space the we scale
contractors I than many schedule our customer our to layer selection infrared defense, an the architecture tracking space X completed sensors. being vehicles ceased layer planned FDA's chain we tracking by SLA to Yesterday, vehicles thereafter. our layer able missile pivot proliferated quickly to tranche partner, build mission X-cheespace to vehicles the XX warfighters the X the management as space to X month we're supply to are transporter, of nimble infrared participation tranche per XX sorry. be new announced unable Tranche to vehicles field wide our am priority proud missile entirely for view of with carry near-term warning satellites Martin, and month will expands XX protect aimed of by vehicles Lockheed deliver our deliver. replace award of to is remaining the missile triangle, these transport which This is of team the vehicles sensors of of our
Regarding keep we track first the the on program company's have payment a schedule a although to continue revenue, program with to in we the execute timetable. our that believe Rivada, it quarter agreed and was principle contributor modest program, launch we will on will make on the
at For request. please Rivada the further customer's directly contact information, we
proposed right acquire price seeking an the largest is or Lockheed a prior provide anyone in right Lockheed to all then turn The interest by negotiate we from shareholders' already of the shareholder attempting but at of received Lockheed owns Board shares to $X.XX. to like stakeholders price orbital to a On X, one plan best rights Charan on a acquire partners, of represented such I'd the X.X% all-cash XX.X% that the March of turn response, transaction oppose and market approximately share, was review intended company, the plan. discount including adopted Now $X shares an our stakeholders. encourage not update strategic current which our Martin, Martin, to to to proposal In to of who process. a has
April diligently Lockheed part committee review strategic with evaluating special Lockheed withdrew proposal. as the proposal including of ongoing Lockheed of engagement On was company's alternatives, direct the the Warner. the A XX, Board
is the and this or in options. any will us still transaction review is strategic result ongoing guarantee, However, however, strategic explore allows a alternative. all -- to There no
The XXXX.
strategic and forward shows we and the as partnership X value further would we that accomplished what until provide which under it at cooperation agreement, heading. runs we've provide programs tracking believe not Lockheed of on We investor to disclosure intend appropriate. I Martin -- look and where together working any across special still collaboration this board. proud committee week's by Overall, through our are with tranche continuing does am this are we to I is award, which our deems customer, reinforced the on does unless partner, strategic continued a review not updates and
Matt? year-end. the hand I'll the call Matt in our review financial quarter to the to over performance and
