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 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 […]

Terran Orbital Joins the Mobile Satellite Services Association (MSSA)

Terran Orbital announced its membership in the Mobile Satellite Services Association (MSSA). An industry effort to advance the development of direct-to-device (D2D) and IoT connectivity through an ecosystem of Non-Terrestrial Network (NTN) providers that are committed to seamlessly extending mobile coverage globally.