LLAP - Terran Orbital awarded $2.4B contract to build 300 satellites for Rivada Space

• Terran Orbital ( NYSE: LLAP ) stock rallies 75% premarket as its wholly-owned subsidiary, Tyvak Nano-Satellite Systems, has been awarded a $2.4B contract to design, build, and deploy 288 low-earth orbit satellites for Rivada Space Networks.
• As part of the contract, Terran Orbital will also develop 12 “spare” satellites to produce a total of 300 spacecraft.
• Terran Orbital, through its subsidiaries, is an innovative mass producer of small satellites for leading operators and major industry participants and is a preferred supplier for customers across the United States, Europe, the Middle East, and Australia.
• “Our partnership will show why Terran Orbital continues to be a satellite manufacturer of choice for aerospace and defense companies worldwide. We are ecstatic to work alongside Rivada and look forward to building out their LEO constellation.” said Marc Bell, Co-Founder, Chairman, and CEO of Terran Orbital.
• LLAP +74.27% premarket to $2.98.

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