Terran Orbital announces $2.4 billion Rivada Space Networks contract

Terran Orbital Corp. announced a $2.4 billion contract to build 300 satellites for Rivada Space Networks.

Under the contract announced Feb. 22, Terran Orbital will design, build and deploy 288 satellites in low-Earth orbit. In addition, Terran Orbital will build 12 satellite spares.

“I think this is the largest smallsat contract ever awarded in history,” Marc Bell, Terran Orbital CEO, co-founder and chairman, told SpaceNews.

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