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

March 07, 2024 at 16:04 PM EST

Please replace the release dated March 6, 2024 with the following corrected version due to multiple revisions.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240306051004/en/

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.