Terran Orbital (NYSE:LLAP) announced that it has been awarded a contract from Lockheed Martin (NYSE:LMT) to build 36 satellite buses for Space Development Agency’s (SDA) Tranche 2 Transport Layer (T2TL) Beta constellation.
The satellite products manufacturer said SDA’s T2TL Beta constellation will advance the Proliferated Warfighter Space Architecture’s (PWSA) initial warfighting capability with targeted technology enhancements, mission-focused payload configurations, and increased integration.
Terran Orbital (NYSE:LLAP) noted the PWSA provides a resilient, low-latency communication system to connect warfighter platforms worldwide and help the military target threats and detect and track missiles.
"We are proud that Lockheed Martin (NYSE:LMT) has selected Terran Orbital to deliver high-quality satellite buses for a vital mission to connect and protect US military personnel worldwide," Terran Orbital CEO Marc Bell said in statement.
The company stated it will deliver the buses to Lockheed Martin, which will conduct payload integration and jointly operate the satellites with SDA.
Terran Orbital is currently building 42 buses for Lockheed Martin to help it fulfill its $700 million contract for the SDA’s Tranche 1 Transport Layer (T1TL), currently scheduled for a late 2024 launch, according to the company.
As well, Terran Orbital said it delivered 10 satellite buses to Lockheed Martin last year in support of their Tranche 0 Transport Layer contract with SDA.
Terran Orbital is a leading manufacturer of satellite products primarily serving the aerospace and defense industries. The company 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.
Contact Sean at sean@proactiveinvestors.com