-

CORRECTING and REPLACING Terran Orbital Selected as One of the Companies Awarded Up To $45 Million IDIQ by NASA to Support Space Technology Advancement

CORRECTION...by Terran Orbital

BOCA RATON, Fla.--(BUSINESS WIRE)--Please replace the release dated March 6, 2024 with the following corrected version due to multiple revisions.

The updated release reads:

TERRAN ORBITAL SELECTED AS ONE OF THE COMPANIES AWARDED UP TO $45 MILLION IDIQ BY NASA TO SUPPORT SPACE TECHNOLOGY ADVANCEMENT

Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced it is one of 15 companies awarded Indefinite-Delivery/Indefinite-Quantity (IDIQ) contracts with a maximum combined value of $45 million. The contracts are in support of NASA’s Flight Opportunities and Small Spacecraft Technology programs within the agency’s Space Technology Mission Directorate.

The five-year agreement enables Terran Orbital to provide space vehicles and payload integration services for a variety of missions. These missions will utilize Terran Orbital’s proven space vehicle platforms and are intended to advance technological maturity of systems that will transform the landscape of space exploration, discovery, and space commerce.

"We are honored to be selected by NASA for this exciting opportunity,” said Marc Bell, Co-Founder, Chairman and Chief Executive Officer at Terran Orbital. “Terran Orbital’s expertise and innovative space vehicle platforms have the potential to play a pivotal role in advancing the next generation of space technologies.”

NASA’s selection of Terran Orbital was based on the proven capabilities of the company’s standard space vehicle platforms, including the successful and proven Pathfinder-Triumph Class 6U CubeSat and Capstone-Voyager Class 12U CubeSat. These platforms offer the required size, capability, and performance required for these NASA missions.

To learn more about the spacecraft platforms Terran Orbital is setting new industry standards with, click here: Terran Orbital Spacecraft Platforms.

About Terran Orbital

Terran Orbital is a leading manufacturer of satellite products primarily serving the aerospace and defense industries. Terran Orbital provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and on-orbit support to meet the needs of the most demanding military, civil, and commercial customers. Learn more at www.terranorbital.com.

Contacts

Juliana Johnson
Public Relations
pr@terranorbital.com
949-508-6404

Terran Orbital

NYSE:LLAP

Release Versions

Contacts

Juliana Johnson
Public Relations
pr@terranorbital.com
949-508-6404

More News From Terran Orbital

Leading Independent Proxy Advisory Firms Glass Lewis and ISS Recommend Terran Orbital Stockholders Vote “FOR” Proposed Merger

BOCA RATON, Fla.--(BUSINESS WIRE)--Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”) announced that leading independent proxy advisory firms Glass Lewis & Co. (“Glass Lewis”) and Institutional Shareholder Services (“ISS”), recommend that Terran Orbital Stockholders vote “FOR” the adoption of the Agreement and Plan of Merger (the “Merger Agreement”), dated as of August 15, 2024, by and among Terran Orbital, a Delaware corporation, Lockheed Martin Corporation...

Terran Orbital’s Tyvak International Announces Successful Launch of IPERDRONE.0 Developed for the Italian Space Agency

TURIN, Italy--(BUSINESS WIRE)--Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSE: LLAP) and a leading European nano and microsatellite manufacturer based in Italy, proudly announces the successful launch and deployment of IPERDRONE.0 following its release from the launcher. First contact has been established, and the Tyvak International team is now diligently working on the commissioning of the vehicle. This advanced space vehicle, de...

Terran Orbital’s Tyvak Awarded $254 million Prototype Agreement for Tranche 2 Transport Layer (T2TL) Gamma for Space Development Agency

BOCA RATON, Fla.--(BUSINESS WIRE)--Tyvak Nano-Satellite Systems, Inc., Irvine, California (a Terran Orbital Corporation) (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, is proud to announce it has been chosen by the Space Development Agency (SDA) to produce 10 satellites for the Tranche 2 Transport Layer (T2TL) Gamma contract. Terran Orbital will undertake the comprehensive design, constructio...
Back to Newsroom