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 - 4:04PM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240306051004/en/
Juliana Johnson Public Relations pr@terranorbital.com
949-508-6404
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