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Lockheed Martin awarded Terran Orbital a contract to build 36 satellite buses for the SDA's Tranche 2 Transport Layer Beta constellation. Terran Orbital will deliver the buses to Lockheed Martin for payload integration.
Lockheed Martin and Terran Orbital are teaming with Innoflight as a strategic avionics supplier for the Space Development Agency's Tranche 1 Transport Layer program, delivering 42 space vehicles for launch by September 2024.
Tailwind Two Acquisition Corp. signed a definitive agreement to merge with Terran Orbital, a small satellite manufacturer, in a transaction valued at $1.58 billion. The deal is expected to close in Q1 2022.