Tyvak International’s Milani Satellite Passes Qualification and Acceptance Review for Hera Mission
Tyvak International announced the successful achievement of Milani’s Qualification and Acceptance Review. Delivered in March of 2024 to the European Space Agency, the vehicle successfully completed its system level testing with the Hera mothercraft at the ESA’s Space Research and Technology Center (ESTEC). Milani, a satellite developed by Tyvak International, is dedicated to the visual inspection and dust detection of the Didymos asteroid following the DART impact. It will be launched aboard the ESA’s Hera mothercraft in late 2024. A critical component of the Hera planetary defense mission, Milani will be one of the ESA’s first deep-space nanosatellites, along with being one of the first nanosatellites ever to orbit an asteroid. Tyvak International is fully responsible for Milani’s design, build, and mission operations.
Terran Orbital Named 2024’s “Best Business of the Year” by the Greater Irvine Chamber
Terran Orbital has been awarded the 2024 Greater Irvine Chamber’s award for “Best Business of the Year.”
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.
Terran Orbital to Present at Jefferies Annual Virtual Space Summit
Terran Orbital announced Co-Founder, Chairman, and CEO Marc Bell and CFO Adarsh Parekh will be presenting at Jefferies Annual Virtual Space Summit, scheduled for Tuesday, June 25 at 3:00 PM Eastern Time (12:00 PM Pacific Time).
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 Expands Leadership Team with Focus on Growth and Profitability
Peter Krauss Appointed as Chief Operating Officer Adarsh Parekh Appointed as Chief Financial Officer Mathieu Riffel Appointed as Chief Accounting Officer BOCA RATON, Fla., May 29, 2024—Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions serving the aerospace, defense, intelligence, and commercial industries, today announced key appointments […]