Two Terran Orbital Space Vehicles Added to $6B Multi-Participant Rapid IV IDIQ Contract Vehicle
June 04 2024 - 5:30AM
Business Wire
Today, Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital”
or the “Company”), a global leader in satellite-based solutions
primarily serving the aerospace and defense industries, announced
the expansion of its capabilities under NASA’s long-standing
multi-participant Rapid Spacecraft Acquisition IV (Rapid IV)
Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract. NASA has
on-ramped two additional space vehicle platforms, which could
position Terran Orbital as a premier partner for the space agency,
offering a wider range of solutions for diverse missions. 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. The Rapid IV
awards have a shared potential ceiling of $6 billon amongst all
contractors selected.
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Image Credit: Terran Orbital. Terran
Orbital’s Ambassador, Nebula, Renegade, and Triumph space vehicles
have been added to the Rapid IV contract. This contract offers a
streamlined approach for the government to acquire space vehicles
and related components for NASA and other federal agencies
missions.
One-Stop Shop for Faster Missions
Terran Orbital adds its Nebula and Ambassador micro space
vehicle platforms to the existing offerings of 6U Triumph and 12U
Renegade CubeSats under the Rapid IV On-Ramp III contract. This
comprehensive portfolio (4) of flight-proven space vehicles
empowers government agencies with a faster and more efficient path
to execute their missions.
Fast-Track Procurement for Government Agencies
The Rapid IV program simplifies the acquisition process for US
government agencies. This multi-award IDIQ contract allows for the
issuance of Firm Fixed Price delivery orders to eligible
participants, streamlining procurement of space vehicles and
payload space for upcoming missions.
“We are honored to expand our role in NASA’s critical space
endeavors,” said Marc Bell, Co-Founder, Chairman, and Chief
Executive Officer at Terran Orbital. “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.”
Proven Performance for Complex Missions
Terran Orbital holds a long-standing partnership with NASA and
other government agencies, delivering cost-effective and reliable
access to space for global customers. We have a proven track record
of delivering space vehicles across diverse sectors – from defense
and intelligence to communications and imaging. This success
includes pioneering the world’s first CubeSat to ESPA-class space
vehicles, showcasing our expertise in handling larger platforms.
Crucially, our space vehicles leverage a common, flight-proven
design philosophy, ensuring the same level of reliability for
NASA’s complex missions. Our experience extends beyond launch, with
a proven track record of managing successful on-orbit operations
for various missions.
Explore Industry-Leading Space Vehicle Platforms
To learn more about Terran Orbital’s industry-leading space
vehicle platforms and end-to-end mission support, visit: Terran
Orbital Space Vehicle Platforms.
About Terran Orbital
Terran Orbital is a leading manufacturer of satellite products
primarily serving the aerospace and defense industries. Terran
Orbital 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. Learn more at
www.terranorbital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240604654903/en/
Juliana Johnson Public Relations pr@terranorbital.com
949-508-6404
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