Terran Orbital Announces Defense Advanced Research Projects Agency Contract Award

Rhea-AI Summary

Terran Orbital Corporation (NYSE: LLAP) announced that its subsidiary, PredaSAR Corporation, received a contract from DARPA under an Other Transaction Authority for Prototype Agreement. While specific terms were not disclosed, the project will research synthetic aperture radar (SAR) satellite formation flying concepts and joint data collection techniques. The prototype aims to provide data products from at least two SAR satellites flying in formation, with potential follow-on opportunities for further prototyping and demonstrations.

Positive

• Contract awarded by DARPA for research on SAR satellite technologies.
• Potential for follow-on opportunities from the prototype project.
• Focus on cost-effective solutions contributing to national defense.

Negative

• None.

BOCA RATON, Fla.--(BUSINESS WIRE)-- Terran Orbital Corporation (NYSE: LLAP), a global leader in small satellite solutions, primarily serving the United States aerospace and defense industry, today announced that its subsidiary, PredaSAR Corporation, received a contract award from the Defense Advanced Research Projects Agency (DARPA) under an Other Transaction Authority for Prototype Agreement. Specific terms of the Agreement were not disclosed.

Terran Orbital Announces Defense Advanced Research Projects Agency Contract Award

This Agreement aims to research synthetic aperture radar (SAR) satellite formation flying concepts and joint data collection techniques. The potential prototype will provide data products from at least two SAR satellites flying in formation and demonstrate novel data processing algorithms. The conceptual design work is expected to take several months and may lead to follow-on opportunities for prototyping and demonstrations.

"We are thrilled to have been selected by DARPA for this exciting opportunity," said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell. "Terran Orbital is proud to combine state-of-the-art SAR Earth observation capabilities and advanced small satellite technologies into game-changing solutions that contribute to the defense of our Nation and Allies. We look forward to demonstrating and delivering cost-effective, end-to-end capabilities."

About Terran Orbital

Terran Orbital is a leading manufacturer of small satellites primarily serving the United States aerospace and defense industry. Terran Orbital provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and in-orbit support to meet the needs of the most demanding military, civil, and commercial customers. Learn more at www.terranorbital.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220518005289/en/

Virginia Norder

pr@terranorbital.com

949-508-6404

Source: Terran Orbital Corporation

FAQ

What is the recent contract awarded to Terran Orbital (LLAP) about?

Terran Orbital's subsidiary, PredaSAR Corporation, received a DARPA contract to research synthetic aperture radar satellite formation flying and joint data collection.

What are the goals of the DARPA contract for LLAP?

The contract aims to develop a prototype that provides data products from at least two SAR satellites flying in formation.

Is there any financial information disclosed in the LLAP press release?

Specific financial terms of the DARPA contract were not disclosed in the press release.

What opportunities may arise from the DARPA contract for LLAP?

The contract may lead to follow-on opportunities for prototyping and demonstrations related to SAR technologies.