July 23, 2024

Terran Orbital Corporation

6800 Broken Sound Parkway NW, Suite 200

Boca Raton, Florida 33487

Ladies and Gentlemen:

We have acted as special counsel to Terran Orbital Corporation, a Delaware corporation (the “Company”), in connection with (i) the registration, pursuant to a registration statement on Form S-3 (File No. 333-271093) (the “Registration Statement”), filed with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Act”), relating to the offering and sale by the Company of shares of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), and (ii) the preparation of a prospectus supplement, dated July 23, 2024, to be filed on the date hereof with the Commission pursuant to Rule 424(b)(5) under the Act (the “Prospectus Supplement”), which supplements the base prospectus dated April 18, 2023 contained in the Registration Statement, in connection with the offering and sale from time to time on a delayed or continuous basis pursuant to Rule 415(a)(4) of the Act by the Company of the number of shares of Common Stock having an aggregate offering price of up to $98,000,000 (the “Shares”), pursuant to the terms of the At The Market Offering Agreement (the “ATM Agreement”), dated July 23, 2024, between the Company and H.C. Wainwright & Co., LLC, as manager. This opinion is being furnished at the request of the Company and in accordance with the requirements of Item 601(b)(5) of Regulation S-K under the Act.

We have examined originals or certified copies of resolutions of the board of directors of the Company (the “Board”) dated April 5, 2024 and resolutions of the special committee of the Board dated April 5, 2024 authorizing the offering and the transactions, documents and agreements related thereto (together, the “Offering Resolutions”) and such other corporate records of the Company and other certificates and documents of officials of the Company and public officials and others as we have deemed appropriate for purposes of this letter. We have assumed the genuineness of all signatures, the legal capacity of all natural persons, the authenticity of all documents submitted to us as originals, and the conformity to authentic original documents of all copies submitted to us as conformed, certified or reproduced copies. We have also assumed that (i) the Shares will be issued and sold pursuant to the Registration Statement in such manner as relates to, and is described in, the Prospectus Supplement and in accordance with the terms of the ATM Agreement; and (ii) upon sale and delivery, (x) the consideration for the issuance and sale of the Shares established by the Board or the officers of the Company duly authorized by the Board (the “Authorized Officers”) will not be less than the par value of the Common Stock; and (y) valid book-entry notations for the issuance of the Shares in uncertificated form will have been duly made in the share register of the Company. As to various questions of fact relevant to this letter, we have relied, without independent investigation, upon certificates of public officials and certificates of officers of the Company, all of which we assume to be true, correct and complete.

Based upon the foregoing and subject to the assumptions, exceptions, qualifications and limitations set forth herein, we are of the opinion that, when the Shares have been issued and delivered in accordance with the ATM Agreement and the Offering Resolutions against payment in full of the consideration payable therefor as determined by the Authorized Officers or the Board and as contemplated by the ATM Agreement, the Shares will have been duly authorized by all necessary corporate action on the part of the Company and validly issued and will be fully paid and non-assessable.

The opinions and other matters in this letter are qualified in their entirety and subject to the following:

We hereby consent to the filing of this opinion as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Commission on or about the date hereof, to the incorporation by reference of this opinion into the Registration Statement and to the use of our name in the Prospectus and the Prospectus Supplement forming a part of the Registration Statement under the caption “Legal Matters.” In giving this consent, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Act and the rules and regulations thereunder.

Very truly yours,

/s/ AKIN, GUMP, STRAUSS, HAUER & FELD, L.L.P.

AKIN, GUMP, STRAUSS, HAUER & FELD, L.L.P.