ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Terran Orbital Selected by Lockheed Martin to Build Satellite Buses for SDA’s Tranche 2 Transport Layer Constellation

Terran Orbital to Build 36 Satellite Buses for Lockheed Martin

Lockheed Martin has awarded Terran Orbital Corporation (NYSE: LLAP) a contract to build 36 satellite buses for Space Development Agency’s (SDA) Tranche 2 Transport Layer (T2TL) Beta constellation. Terran Orbital will deliver the buses to Lockheed Martin, which will conduct payload integration and jointly operate the satellites with SDA.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231024211419/en/

Photo Credit: Terran Orbital

Photo Credit: Terran Orbital

SDA’s T2TL Beta constellation will advance the Proliferated Warfighter Space Architecture’s (PWSA) initial warfighting capability with targeted technology enhancements, mission-focused payload configurations, and increased integration. The PWSA provides a resilient, low-latency communication system to connect warfighter platforms worldwide and help the military target threats and detect and track missiles.

“We congratulate Lockheed Martin on another big contract win in support of SDA’s Transport Layer mission,” said Marc Bell, Terran Orbital Chairman and Chief Executive Officer. “We are proud that Lockheed Martin has selected Terran Orbital to deliver high-quality satellite buses for a vital mission to connect and protect U.S. military personnel worldwide.”

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.

Last spring, Terran Orbital completed a successful Critical Design Review and Manufacturing Readiness Review for the T1TL satellite buses, which are manufactured in the company’s small satellite production facilities in Irvine, California. The MRR confirmed Terran Orbital’s readiness to manufacture and deliver all 42 T1TL satellite buses.

Now, with the completion of Terran Orbital’s T1TL MRR and Lockheed Martin’s CDR, Terran Orbital will deliver the 42 satellite buses to Lockheed Martin for payload integration and testing in the company’s new 20,000-square-foot small satellite assembly facility near Denver. The same facilities will eventually be used for payload integration and testing of the 36 T2TL Beta satellite buses.

Last year, Terran Orbital delivered 10 satellite buses to Lockheed Martin in support of their Tranche 0 Transport Layer contract with SDA. The T2TL Beta satellites are scheduled to be deployed into low Earth orbit during a series of launches starting in 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.

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.