- Parabolic Arc
- March 24, 2023
Terran Orbital Announces a Record $170+ Million in New Contracts and Awards Since September 30, 2021
BOCA RATON, Fla., February 15, 2022 (Terran Orbital PR) — Terran Orbital Corporation (“Terran Orbital”), a leading vertically integrated provider of end-to-end satellite solutions, announced contracts and awards totaling over $170 million since September 30, 2021. This includes multiple agreements and awards from several government and commercial customers.
“Terran Orbital is fortunate to enjoy unique relationships with leaders in the defense, civil, and commercial sectors,” said Marc Bell, Co-Founder, Chairman and Chief Executive Officer of Terran Orbital. “Our team continues to focus on delivering the highest quality solutions at a compelling price. We are honored by the trust and partnership of our customers and look forward to delivering the capabilities they need.”
Terran Orbital has previously announced that it entered into a business combination agreement with Tailwind Two Acquisition Corp. (NYSE: TWNT), (“Tailwind Two”), a special purpose acquisition company (SPAC), pursuant to which Terran Orbital will combine with Tailwind Two.
As always, government contracts and programs are subject to the availability of Congressional appropriations and authorizations, as well as the federal budget process. Accordingly, Terran Orbital may not predict if and when the anticipated revenue from these government programs and awards will be recognized.
About Tailwind Two Acquisition Corp.
Tailwind Two is a blank check company “for founders, by founders” – formed for the purpose of effecting a merger, capital share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more founder-led businesses in a sector being disrupted by technological change. Tailwind Two’s management team and directors have invested extensively in founder-run businesses, with notable success in the space industry. Tailwind Two is led by Chairman Philip Krim, and Co-Chief Executive Officers Chris Hollod and Matt Eby. In addition to the members of its management team and board of directors, Tailwind Two has assembled an Advisory Board that will help position Tailwind Two as the value-add partner of choice for today’s leading entrepreneurs.
About Terran Orbital
Terran Orbital Corporation is a leading vertically integrated provider of end-to-end satellite solutions. Terran Orbital combines satellite design, production, launch planning, mission operations and in-orbit support to meet the needs of the most demanding military, civil and commercial customers. In addition, Terran Orbital is developing the world’s largest, most advanced NextGen Earth Observation constellation to provide persistent, real-time earth imagery. Learn more at www.terranorbital.com.