Terran Orbital Completes Order for SDA’s Tranche 0 Transport Layer

Rhea-AI Summary

Terran Orbital Corporation (NYSE: LLAP) announced the successful delivery of ten satellite buses to Lockheed Martin, supporting the Space Development Agency’s Tranche 0 Transport Layer. This marks a significant milestone, with deliveries exceeding one per week, showcasing the company's ability to produce satellites at scale. The Tranche 0 constellation will enhance U.S. warfighting capabilities through secure, high-bandwidth data links, benefiting military and allied operations. Terran Orbital will also design and build the upcoming Tranche 1 satellites for Lockheed Martin.

Positive

• Completion of ten satellite buses delivery, demonstrating Terran Orbital's capability for large-scale production.
• Deliveries occurred at a rate greater than one per week, indicating efficient production processes.
• The Tranche 0 constellation enhances U.S. military operations with advanced communication capabilities.

Negative

• None.

All ten satellite buses were delivered to Lockheed Martin for integration

BOCA RATON, Fla.--(BUSINESS WIRE)-- Terran Orbital Corporation (NYSE: LLAP), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the delivery of the final of ten satellite buses to prime contractor Lockheed Martin in support of the Space Development Agency’s (SDA) Tranche 0 Transport Layer.

Just in time for the holidays - Terran Orbital delivers order for SDA's Tranche 0 Transport Layer to Lockheed Martin (Image Credit: Terran Orbital Corporation)

The delivery of the ten Tranche 0 buses proves Terran Orbital’s ability to build modules and deliver vehicles at scale – marking the company’s shift from lower quantity, mission-unique satellites to robust production. Terran Orbital delivered the satellite buses at a rate greater than one per week over an approximately six-week period.

“The delivery of all ten Tranche 0 satellite buses marks a key milestone, and we are excited to continue effective teamwork as Terran Orbital will also design and build the buses for Lockheed Martin’s SDA Tranche 1 Transport Layer satellites,” said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer Marc Bell. “We are always thrilled to work with Lockheed Martin and look forward to delivering the Tranche 1 satellite buses.”

The Tranche 0 constellation, operating in low-Earth Orbit, will provide secure high-bandwidth, low-latency data links to enable the initial warfighting capability of the SDA’s National Defense Space Architecture (NDSA). This beyond-line-of-sight tracking, targeting, and communications will dramatically extend U.S. warfighting options and allow additional coalition and allied partners to eventually bring their capabilities into the network.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221222005050/en/

Virginia Norder

pr@terranorbital.com

949-508-6404

Source: Terran Orbital

FAQ

What did Terran Orbital deliver to Lockheed Martin?

Terran Orbital delivered ten satellite buses to Lockheed Martin for the Space Development Agency's Tranche 0 Transport Layer.

How many satellite buses did Terran Orbital deliver?

Terran Orbital delivered a total of ten satellite buses.

What is the significance of the Tranche 0 constellation?

The Tranche 0 constellation will provide secure, high-bandwidth data links for U.S. military operations, enhancing warfighting capabilities.

What is the production rate of the satellite buses?

Terran Orbital delivered the satellite buses at a rate greater than one per week over approximately six weeks.

What future projects does Terran Orbital have with Lockheed Martin?

Terran Orbital will design and build satellites for Lockheed Martin’s upcoming Tranche 1 Transport Layer.