Terran Orbital (NYSE:LLAP) announced the expansion of its capabilities under NASA’s long-standing multi-participant Rapid Spacecraft Acquisition (Rapid IV) Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract.
The manufacturer of satellite products said NASA has on-ramped two additional space vehicle platforms, its Nebula and Ambassador micro space vehicle platforms, in addition to the existing offerings of 6U Triumph and 12U Renegade CubeSats under the contract.
It believes this portfolio of flight-proven space vehicles empowers government agencies with a faster, more efficient path to execute their missions.
Terran Orbital also sees this move positioning it as a premier partner for the space agency.
“We are honored to expand our role in NASA’s critical space endeavors,” Terran Orbital (NYSE:LLAP) CEO Marc Bell said in a statement.
“By offering a broader selection of space vehicle solutions, Terran Orbital empowers government agencies to efficiently execute their missions. This streamlined approach allows for faster space vehicle delivery, accelerating scientific discovery and national security advancements.”
The Rapid IV program simplifies the acquisition process for US government agencies.
Terran Orbital has been an existing awardee under this contracting vehicle since 2020 through its Tyvak Nano-Satellite subsidiary, with two space vehicles already eligible for NASA task orders.
All contractors selected under the awards have a shared potential ceiling of $6 billion.