Tyvak International’s Milani Satellite Passes Qualification and Acceptance Review for Hera Mission

Rhea-AI Summary

Tyvak International, a subsidiary of Terran Orbital (NYSE: LLAP), announced that its Milani satellite has successfully passed the Qualification and Acceptance Review. Delivered to the European Space Agency (ESA) in March 2024, the satellite completed rigorous system level testing with the Hera mothercraft at ESTEC. Milani is designed for visual inspection and dust detection of the Didymos asteroid post-DART impact. Scheduled for launch in late 2024, it will be one of ESA's first deep-space nanosatellites. Tyvak International managed the design, build, and mission operations. The team is now preparing for launch activities in September 2024, with an expected launch in October 2024.

Positive

• Milani satellite successfully passes Qualification and Acceptance Review.
• Completed rigorous system level testing with ESA's Hera mothercraft.
• Scheduled launch in late 2024 as one of ESA’s first deep-space nanosatellites.
• Tyvak International responsible for design, build, and mission operations.

Negative

• None.

Aerospace Engineer

The successful Qualification and Acceptance Review of the Milani satellite marks a significant technical milestone for Tyvak International and its parent company, Terran Orbital Corporation.

This step is important for ensuring that the satellite meets the stringent requirements for deep-space missions and can operate flawlessly in the harsh conditions of space. Achieving this milestone on time demonstrates the company's engineering prowess and strong project management capabilities, which are critical for maintaining customer trust and securing future contracts.

For investors, this development underscores Tyvak International's ability to deliver complex projects within tight deadlines, positioning them as a reliable partner in the increasingly competitive aerospace sector. The achievement also enhances the company's reputation, potentially leading to more collaborations with prominent space agencies like ESA.

In the short term, this success might boost investor confidence and the stock price. Long-term, the experience and credibility gained could translate into more lucrative contracts and sustained growth.

Market Research Analyst

This milestone is significant for Terran Orbital Corporation as it highlights their pivotal role in a high-profile international space mission. The Hera mission's objective to study the Didymos asteroid system after the DART impact attracts considerable attention from the scientific community and the general public. This visibility can enhance the company's brand and market positioning, which are valuable intangible assets.

From a market perspective, the successful qualification of Milani strengthens Tyvak International’s credibility and competitive stance in the satellite industry. This can potentially open doors to new business opportunities and partnerships, given the increasing demand for specialized nanosatellites in space exploration and defense.

Financially, while immediate revenues from this project may be limited, the long-term benefits include increased market share and the potential for higher-margin contracts. Investors should watch for future announcements of similar projects or contracts that could indicate sustained growth and expansion.

TURIN, Italy--(BUSINESS WIRE)-- Tyvak International SRL (“Tyvak International”), a wholly-owned subsidiary of Terran Orbital Corporation (NYSE: LLAP) and a leading European nano and microsatellite manufacturer based in Turin, Italy, announced the successful achievement of Milani’s Qualification and Acceptance Review. Delivered in March of 2024 to the European Space Agency, the vehicle successfully completed its system level testing with the Hera mothercraft at the ESA’s Space Research and Technology Center (ESTEC).

Tyvak International's Milani Team (Photo: Business Wire)

Milani, a satellite developed by Tyvak International, is dedicated to the visual inspection and dust detection of the Didymos asteroid following the DART impact. It will be launched aboard the ESA’s Hera mothercraft in late 2024. A critical component of the Hera planetary defense mission, Milani will be one of the ESA’s first deep-space nanosatellites, along with being one of the first nanosatellites ever to orbit an asteroid. Tyvak International is fully responsible for Milani’s design, build, and mission operations.

“Just few months ago we delivered Milani to the ESA and now it has completed the intense campaign of system level testing with Hera, along with the ground segment, and ensured the validation of all the interfaces and the end-to-end communication prior to the launch. We are very proud of the work done so far and the successful completion of the Qualification and Acceptance Review,” Margherita Cardi said.

“Today we formally declared Milani qualified for flight. This is the result of extremely skilled professionals who invested extensive engineering, design, manufacturing, and testing hours. The ESA is grateful to every single member of the Tyvak International team for leading a complex European consortium in record time for this historical mission. I can’t wait to see the scientific wonders delivered by this technological marvel. With exploring a new world traveling over 400 million kilometers from our planet, sci-fi is becoming reality,” stated ESA’s Hera Project Manager Ian Carnelli.

The Tyvak International team is currently preparing for the launch campaign activities scheduled for September 2024, in anticipation of the launch in October 2024.

About Tyvak International

Tyvak International SRL, a subsidiary of Terran Orbital Corporation, is a leading European nano and microsatellite provider, based in Torino, Italy. A front runner in miniaturization and specialized in execution and delivery, Tyvak International is contract Prime of European Space Agency for the Milani mission, coordinating a team of 12 entities, universities, research centers, and enterprises in Italy and across all Europe. Learn more at www.tyvak.eu.

About Terran Orbital

Terran Orbital (NYSE: LLAP), is a leading manufacturer of satellites 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/20240711443121/en/

Juliana Johnson

Public Relations

pr@terranorbital.com

949-508-6404

Source: Terran Orbital

FAQ

What is the significance of Tyvak International's Milani satellite passing the Qualification and Acceptance Review?

Passing the Qualification and Acceptance Review signifies that Tyvak International's Milani satellite has met all necessary requirements and is ready for its mission with ESA’s Hera mothercraft.

When is the Milani satellite expected to be launched?

The Milani satellite is expected to be launched in late 2024.

What is the mission of the Milani satellite?

Milani is dedicated to the visual inspection and dust detection of the Didymos asteroid following the DART impact.

What role does Tyvak International play in the Milani satellite mission?

Tyvak International is responsible for the design, build, and mission operations of the Milani satellite.

What makes the Milani satellite unique in its mission?

Milani will be one of ESA's first deep-space nanosatellites and one of the first nanosatellites to orbit an asteroid.

What stock symbol is associated with Terran Orbital , the parent company of Tyvak International?

The stock symbol for Terran Orbital is LLAP.