Terran Orbital and Hanwha Systems Sign Memorandum of Understanding

Terran Orbital Corporation announced the signing of a Memorandum of Understanding (MOU) with Hanwha Systems. This MOU solidifies their strategic partnership, marking a significant milestone in their collaborative efforts to develop state-of-the-art solar and satellite solutions through Hanwha Systems and its subsidiary, Flexell Space.

Two Terran Orbital Space Vehicles Added to $6B Multi-Participant Rapid IV IDIQ Contract Vehicle

Terran Orbital announced the expansion of its capabilities under NASA’s long-standing multi-participant Rapid Spacecraft Acquisition IV (Rapid IV) Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract. NASA has on-ramped two additional space vehicle platforms, which could position Terran Orbital as a premier partner for the space agency, offering a wider range of solutions for diverse missions. Terran Orbital has been an existing awardee under this contracting vehicle since 2020 through its Tyvak Nano-Satellite subsidiary, with two space vehicles already eligible for NASA task orders. The Rapid IV awards have a shared potential ceiling of $6 billon amongst all contractors selected.

Terran Orbital Releases Inaugural Environmental, Social, and Governance Report

Terran Orbital announced the release of its inaugural Environmental, Social, and Governance Report (“ESG Report”). This report demonstrates Terran Orbital’s commitment to operating with environmental responsibility, social consciousness, and strong corporate governance practices throughout its business activities.