Terran Orbital Receives Milestone Payment for 300 Spacecraft, $2.4 Billion Contract with Rivada Space Networks
Terran Orbital Corporation (NYSE: LLAP) announced the receipt of a milestone payment as part of its $2.4 billion contract with Rivada Space Networks for the development of 300 spacecraft. These will include 288 operational low-Earth orbit satellites and 12 spares, each weighing approximately 500 kg. The completion of industrial partner screening and trade studies marks a significant advancement in the acquisition process, which will support system engineering. The project encompasses designing, building, and deploying the satellites, alongside integrating communications payloads and conducting final assembly and testing. A demonstrator mission is set for launch by the end of 2024, featuring four satellites to test new communication technologies. Rivada's CEO expressed enthusiasm about progressing with Terran Orbital and its industrial partners for the constellation project.
- Receipt of a milestone payment from Rivada Space Networks.
- Completion of screening industrial partners and trade studies supports the $2.4 billion contract.
- Plans to launch a demonstrator mission by the end of 2024 to test new satellite technology.
- None.
Terran Orbital Receives Milestone Payment for 300 Spacecraft,
With the official onboarding of the partners now complete, Rivada has taken another important step toward the installation of its constellation. The deployment will begin with the launch of a
“Working with Rivada has been a pleasure,” said Terran Orbital Co-Founder, Chairman, and Chief Executive Officer
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