On September 15, 2023, Terran Orbital Corporation announced that Gary Hobart, the Company?s Chief Financial Officer, had transitioned from his current role into the newly created senior executive position of Chief Transformation Officer, effective the same date. Mr. Hobart will help the Company execute on its broader strategic agenda and lead growth initiatives as the Company continues to drive towards anticipated increased financial and operational scale over the next several years. Also on September 15, 2023, the Company appointed Mathieu Riffel (age 38) as Acting Chief Financial Officer, effective immediately.

Mr. Riffel currently serves as the Company?s Senior Vice President and Corporate Controller and will retain this title in connection with his appointment. The purpose of this transition is to have Mr. Hobart assist in transforming the Company from a small business to a large profitable enterprise. In Mr. Hobart?s new role, he will assist in focusing the Company on increasing revenue growth and controlling general and capital expenditures with a goal of becoming EBITDA positive in First Quarter 2024.

Mr. Riffel has served as the Company?s Senior Vice President and Controller since September 1, 2023 and previously served as the Company?s Vice President and Controller from July 1, 2021 to August 31, 2023, during which he led the Company?s private-to-public accounting initiatives leading up to the Company?s merger with Tailwind Two Acquisition Corp. Prior to joining the Company, Mr. Riffel served as the Director of Finance at ADT Inc. from December 2020 to July 2021 and as Director of External Reporting from August 2018 to November 2020. From August 2008 to July 2018, Mr. Riffel held progressive roles in KPMG LLP?s audit practice, leaving the firm as an Audit Senior Manager.

Mr. Riffel is a Certified Public Accountant in the state of Florida and graduated from the University of Florida with both a bachelor?s and a master?s degree in accounting.