Lockheed Martin to acquire Terran Orbital in $450m deal
The agreement follows nearly six months after Lockheed Martin initially proposed acquiring Terran Orbital.
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The agreement follows nearly six months after Lockheed Martin initially proposed acquiring Terran Orbital.
John has joined Iridium from Microsoft Federal where he led the Intelligence Operating Unit focused on delivery of Microsoft products and services to its key national security customer vertical.
Under the contract, L3Harris Technologies will build satellites for missile tracking programme.
The contract includes operating the satellites through 2030, with an option to extend to 2023.
Terran Orbital will continue to support Lockheed Martin for the NDSA, with a contract to build 42 satellites for the Tranche 1 Transport Layer.
This is the second major contract that L3Harris and Northrop Grumman have won to date from DoDs space agency.
Egyptian satellite manufacturers have joined the race to compete for contracts to build communication satellites for SDA.
The $187.5m contract for Transport Layers Tranche 0 is an initial test and demonstration phase, with two prime contractors building a total of 20 satellites.
