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

Rhea-AI Summary

Terran Orbital Corporation (LLAP) has been selected by NASA for a $45 million IDIQ contract to support space technology advancement. The five-year agreement allows Terran Orbital to provide space vehicles and payload integration services for various missions, leveraging their proven space vehicle platforms.

Positive

• Terran Orbital Corporation (LLAP) awarded up to $45 million IDIQ contract by NASA.
• Terran Orbital to provide space vehicles and payload integration services for NASA missions.
• Selection based on Terran Orbital's proven space vehicle platforms.
• Terran Orbital's expertise and innovative platforms recognized by NASA.
• Contracts aim to advance space exploration and technology.

Negative

• None.

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

Terran Orbital's Triumph (Image Credit: Terran Orbital)

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240306051004/en/

Juliana Johnson

Public Relations

pr@terranorbital.com

949-508-6404

Source: Terran Orbital

FAQ

What contract has Terran Orbital (LLAP) been awarded by NASA?

Terran Orbital has been awarded an up to $45 million IDIQ contract by NASA to support space technology advancement.

What services will Terran Orbital provide under the contract?

Terran Orbital will provide space vehicles and payload integration services for a variety of missions.

On what basis was Terran Orbital selected by NASA?

Terran Orbital was selected based on the proven capabilities of their standard space vehicle platforms.

What are the names of the successful space vehicle platforms mentioned in the press release?

The successful space vehicle platforms mentioned are the Pathfinder-Triumph Class 6U CubeSat and Capstone-Voyager Class 12U CubeSat.

Who is the Co-Founder, Chairman, and CEO of Terran Orbital?

Marc Bell is the Co-Founder, Chairman, and Chief Executive Officer of Terran Orbital.