Terran Orbital Receives Payment from Rivada
Terran Orbital Corporation today announced that it had received a payment from Rivada Space Networks pursuant to the Company’s previously announced contract with Rivada. The amount was for the completion of a program milestone. As a result, Rivada is current on all outstanding invoices. The Company expects to receive additional milestone payments in 2024 and continues to expect to meet its delivery obligations under the Rivada Contract on schedule in 2025 and 2026.
Terran Orbital Celebrates CAPSTONE Spacecraft’s One Year in Near Rectilinear Halo Orbit
Terran Orbital Corporation celebrates the one-year milestone of the CAPSTONE mission in a lunar Near Rectilinear Halo Orbit (NRHO). CAPSTONE, designed, built, and integrated by Terran Orbital and owned by Advanced Space, has demonstrated significant achievements during its mission.
Terran Orbital Releases Enhanced Versions of Enterprise Bus
Terran Orbital Corporation announced two additional configurations of its largest platform offered in the standard product line the Company initially announced in September: Enterprise. The Enterprise-class bus is the point of departure for flat packing requirements carrying up to 24 satellites per launch. It is optimal for large constellations and comes in three standard, yet configurable, configurations: A, B, and C.
Terran Orbital Holds Town Hall Meeting; Discusses Recently Announced $160 Million in New Awards
Terran Orbital Corporation held its first live Shareholder Town Hall Meeting yesterday. The virtual Town Hall was open to the public and included a live audio and video stream, during which the Company’s Chief Executive Officer, Marc Bell, and the lead independent director of the Company’s board of directors, Stratton Sclavos, provided a financial, operational, and strategic update and held a Q&A session.
Terran Orbital Awarded $4.7 Million Contract by European Space Agency
Photo Credit: European Space Agency (ESA) Terran Orbital’s wholly-owned international subsidiary will develop a satellite for a proximity operations and in-orbit servicing mission for the European Space Agency BOCA RATON, Fla., Oct. 25, 2023 – Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the […]
Terran Orbital Selected by Lockheed Martin to Build Satellite Buses for SDA’s Tranche 2 Transport Layer Constellation
Terran Orbital to Build 36 Satellite Buses for Lockheed Martin BOCA RATON, Fla., Oct. 24, 2023 – Lockheed Martin has awarded Terran Orbital Corporation (NYSE: LLAP) a contract to build 36 satellite buses for Space Development Agency’s (SDA) Tranche 2 Transport Layer (T2TL) Beta constellation. Terran Orbital will deliver the buses to Lockheed Martin, which […]