Terran Orbital (NYSE:LLAP) Corporation said Lockheed Martin (NYSE:LMT) has awarded the company an Engineering Change Proposal (ECP) to host additional payloads.
The contract modification adds $7.7 million to an existing satellite design and manufacturing program, taking the total value of the contract to just over $52 million.
Terran Orbital (NYSE:LLAP) is a leading manufacturer of satellite products primarily serving the aerospace and defense industries.