BOCA RATON, Fla. – February 15, 2022 — Terran Orbital Corporation (“Terran Orbital”), a leading vertically integrated provider of end-to-end satellite solutions, announced contracts and awards totaling over $170 million since September 30, 2021. This includes multiple agreements and awards from several government and commercial customers.
“Terran Orbital is fortunate to enjoy unique relationships with leaders in the defense, civil, and commercial sectors,” said Marc Bell, Co-Founder, Chairman and Chief Executive Officer of Terran Orbital. “Our team continues to focus on delivering the highest quality solutions at a compelling price. We are honored by the trust and partnership of our customers and look forward to delivering the capabilities they need.”
“Terran Orbital continues to expand our status as an industry leader by growing our portfolio of satellite production and assembly facilities,” said Terran Orbital Co-Founder, Chairman and Chief Executive Officer Marc Bell. “This is another in a long line of developments to maintain our leadership as a top small satellite manufacturer in the country.“
The new facility will focus on pure assembly and production. The facility will house staff and equipment beginning later this year.
“This latest expansion amplifies our ability to produce satellites at scale,” said William Beck, Terran Orbital Vice President of Infrastructure. “We look forward to helping produce the thousands of satellites expected to launch into orbit over the next 10 years.“
Terran Orbital has previously announced that it entered into a business combination agreement with Tailwind Two Acquisition Corp. (NYSE: TWNT), (“Tailwind Two”), a special purpose acquisition company (SPAC), pursuant to which Terran Orbital will combine with Tailwind Two.
As always, government contracts and programs are subject to the availability of Congressional appropriations and authorizations, as well as the federal budget process. Accordingly, Terran Orbital may not predict if and when the anticipated revenue from these