BOCA RATON, Fla. - Terran Orbital Corporation (NYSE: LLAP), a prominent provider of satellite solutions, announced today that it has been awarded a significant contract by NASA’s Space Technology Mission Directorate.
The Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract, with a ceiling value of $45 million, will extend over five years and will see Terran Orbital supply space vehicles and payload integration services for various missions.
These missions are aimed at enhancing the technological maturity of systems that will significantly influence space exploration, discovery, and commerce. The contract will leverage Terran Orbital's established space vehicle platforms, which are recognized for their size, capability, and performance, aligning with NASA's mission requirements.
Marc Bell, Co-Founder, Chairman, and CEO of Terran Orbital, expressed the company's honor in being selected for the contract, highlighting the potential impact of Terran Orbital's space vehicle platforms on the future of space technologies.
NASA's choice of Terran Orbital was influenced by the company's proven track record with its standard space vehicle platforms, such as the Pathfinder-Triumph Class 6U CubeSat and Capstone-Voyager Class 12U CubeSat, which have demonstrated success in previous initiatives.
Terran Orbital, headquartered in Boca Raton, Florida, is recognized as a leading manufacturer in the satellite industry, primarily serving the aerospace and defense sectors. The company offers comprehensive satellite solutions, from design and production to launch planning, mission operations, and on-orbit support, catering to a wide range of military, civil, and commercial clients.
This announcement is based on a press release statement issued by Terran Orbital.
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