Terran Orbital Awarded $4.7 Million Contract by European Space Agency
25 Outubro 2023 - 7:30AM
Business Wire
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
Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the
“Company”), a global leader in satellite-based solutions primarily
serving the aerospace and defense industries, today announced its
wholly-owned international subsidiary, Tyvak International s.r.l.,
has been chosen as a prime contractor under a $4.7 million or €4.5
million contract by the European Space Agency (ESA) for a proximity
operations and in-orbit servicing mission that will deploy a
nanosatellite spacecraft from Space Rider, the European uncrewed
robotic laboratory.
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Space Rider is an uncrewed robotic
laboratory about the size of two minivans. At the end of its
mission, Space Rider will return to Earth with its payloads to be
unloaded and refurbished for another flight. Photo Credit: European
Space Agency (ESA)
The deployed nanosatellite will perform proximity operations
maneuvers around Space Rider, demonstrating unprecedented in-orbit
servicing capabilities. Space Rider will allow technology
demonstration, and benefit research in pharmaceutics, biomedicine,
biology, and physical science. At the end of its mission, Space
Rider will return to Earth with its payloads and land on a runway
to be unloaded and refurbished for another flight. Tyvak
International develops the nanosatellite to be onboarded and
deployed at any time during the experimental Phase in orbit, on one
of the ESA’s Space Rider flight missions, paving the way for future
recurring servicing missions.
This contract is in partnership with a consortium of Italian
industries and research institutions, including Polytechnic
University of Turin, the University of Padova, and StellarProject
SRL.
“Terran Orbital is honored to be selected once again for a prime
contract with the European Space Agency,” said Marc Bell, Terran
Orbital Co-Founder, Chairman, and Chief Executive Officer. “Using
space technology for research in areas such as proximity operations
and in-orbit servicing will be a huge benefit for our partners and
the protection of precious and strategic orbital assets. I am
excited to see Tyvak International s.r.l. in the forefront.”
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.
Disclaimer: Please note that the view expressed herein can in no
way be taken to reflect the official opinion of the European Space
Agency.
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Media Contact Public Relations pr@terranorbital.com
949-508-8484
Investor Relations Contact Jonathan Siegmann
ir@terranorbital.com 949-202-8476
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