Terran Orbital (NYSE:LLAP) announced it is one of 15 companies awarded Indefinite-Delivery/Indefinite Quantity contracts by NASA which have a maximum combined value of up to $45 million.
The company said the contracts are in support of NASA's Flight Opportunities and Small Spacecraft Technology programs within the agency's Space Technology Mission Directorate.
The five-year agreement enables it to provide space vehicles and payload integration services for a variety of missions.
It said it was chosen by NASA for this contract due to the proven capabilities of its space vehicle platforms, which offer the required size, capability and performance required for NASA missions.
"We are honored to be selected by NASA for this exciting opportunity,” Terran Orbital (NYSE:LLAP) CEO Marc Bell said in a statement.
“Terran Orbital (NYSE:LLAP)’s expertise and innovative space vehicle platforms have the potential to play a pivotal role in advancing the next generation of space technologies.”
Terran Orbital is a leading manufacturer of satellite products primarily serving the aerospace and defense industries.
Updated to reflect corrected news release