Terran Orbital shares in $45M NASA contract for technology enhancement

Terran Orbital shares in $45M NASA contract for technology enhancement
by Clarence Oxford
Los Angeles CA (SPX) Mar 11, 2024

Terran Orbital Corporation (NYSE: LLAP) has announced its selection by NASA for an Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract, boasting a ceiling value of $45 million. This contract is aligned with NASA's Space Technology Mission Directorate's goals, which encompasses the Flight Opportunities program and the Small Spacecraft Technology program, pivotal arms in the agency's push for technological advancement in space.

The five-year partnership between Terran Orbital and NASA is set to significantly contribute to the landscape of space exploration, discovery, and commerce. Terran Orbital is tasked with providing space vehicles and payload integration services tailored to a variety of missions aimed at enhancing the technological maturity of systems pivotal for future space endeavors.

Marc Bell, Co-Founder, Chairman, and CEO of Terran Orbital, expressed the company's enthusiasm about the collaboration, stating, "We are honored to be selected by NASA for this exciting opportunity." Bell further emphasized the role of Terran Orbital's cutting-edge space vehicle platforms in spearheading the next generation of space technologies, underlining the company's potential to impact the trajectory of space exploration significantly.

NASA's selection of Terran Orbital underscores the company's robust track record in the space industry, particularly highlighting the success of its standard space vehicle platforms. Notably, the Pathfinder-Triumph Class 6U CubeSat and Capstone-Voyager Class 12U CubeSat were instrumental in showcasing the capabilities Terran Orbital brings to NASA missions. These platforms, recognized for their size, capability, and performance, are ideally suited to meet the demanding requirements of NASA's forward-looking missions.

The IDIQ contract establishes a framework for a dynamic and evolving partnership, where Terran Orbital's proven expertise in satellite technology will support a wide array of missions. These endeavors aim not only to push the boundaries of current space technology but also to lay the groundwork for transformative advancements in space exploration and utilization.

This strategic alignment with NASA's Space Technology Mission Directorate promises to accelerate the development of innovative technologies that can navigate the complexities of space environments. By leveraging Terran Orbital's sophisticated space vehicle platforms, NASA aims to advance the technological readiness of systems that will revolutionize our understanding and engagement with space.