Terran Orbital Awarded $7.7 Million Lockheed Martin Contract
26 Outubro 2023 - 7:30AM
Business Wire
Terran Orbital Awarded ECP to Host Additional
Payloads
Lockheed Martin has awarded Terran Orbital Corporation (NYSE:
LLAP) (“Terran Orbital” or the “Company”), a global leader in
satellite-based solutions primarily serving the aerospace and
defense industries, an Engineering Change Proposal (ECP) to host
additional payloads. The contract modification adds $7.7M to an
existing satellite design and manufacturing program. This addition
was awarded following a successful Critical Design Review (CDR)
earlier this year. The modification incorporates additional
previously anticipated scope into the contract. This modification
brings the total value of the contract to just over $52
million.
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Last year, Terran Orbital delivered 10 satellite buses to
Lockheed Martin in support of their Tranche 0 Transport Layer
contract with SDA. Terran Orbital is currently building 42 buses
for Lockheed Martin to help the company fulfill its $700 million
contract for the SDA’s Tranche 1 Transport Layer (T1TL), currently
scheduled for a late 2024 launch, and, as previously announced this
week, Terran Orbital was just awarded 36 buses to help the company
fulfill its $816 million contract for the SDA’s Tranche 2 Transport
Layer (T2TL), currently scheduled for late 2026.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20231026631594/en/
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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