Terran Orbital Appoints Richard Ullman as SVP-Finance and Business Operations
Irvine, Calif.., Tuesday, February 25, 2025 – Terran Orbital, a manufacturer of satellite solutions primarily serving the aerospace and defense industries, today announced the appointment of Richard Ullman as Senior Vice President, Finance & Business Operations (F&BO).
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| Richard Ullman |
Ullman brings over three decades of financial leadership experience in the aerospace and defense sector, with a proven track record in strategic financial planning, business operations, cost management, and government contracting. He joins Terran Orbital from The Boeing Company, where he most recently served as Senior Director of Finance & Divisional CFO for Boeing Space Mission Systems. In this role, Ullman led financial strategy, capital investment planning, and operational integration for multiple subsidiaries, including Millennium Space Systems and Spectrolab.
Throughout his career at Boeing, Ullman held senior financial leadership roles across commercial and government programs, supply chain management, and mergers & acquisitions. His extensive experience includes overseeing financial reporting, leading affordability initiatives, and managing multi-billion-dollar contract negotiations. Notably, he played a pivotal role in the USAF KC-X tanker competition, a $30B+ winning proposal, and has led multiple international government and commercial contract negotiations.
“Richard’s deep expertise in financial operations, strategic growth planning, and capital management will be instrumental as we continue to scale our operations and drive innovation in satellite manufacturing,” said Peter Krauss, President and CEO at Terran Orbital. “His leadership will strengthen our financial and operational capabilities, ensuring we continue to deliver cutting-edge solutions to our customers.”
Ullman holds an MBA from the University of California, Irvine, and a Bachelor’s degree in Business Administration/Finance from California State University, Long Beach. He is also deeply committed to mentorship and professional development, having taught finance fundamentals and leadership courses to Boeing employees while actively participating in university programs.
Richard will be replacing Tom Klinger who has served in this role on an interim basis since the merger with Lockheed Martin. Tom will be returning to his normal job functions at Lockheed. “I am exceptionally grateful for Tom’s support through the merger. He will forever be a Terran!”. Added Krauss.
Terran Orbital, a subsidiary of Lockheed Martin Corporation, is a leading manufacturer of satellite products for defense and commercial applications. The company specializes in the design, production, and operation of high-quality small satellites that support critical national security and space infrastructure needs.
