Satellite payload hosting expanded by Terran Orbital under Lockheed Martin contract
NewsOctober 27, 2023
BOCA RATON, Florida. Lockheed Martin has selected Terran Orbital Corporation, a satellite-based solutions company serving the aerospace and defense sectors, for an Engineering Change Proposal (ECP), Terran Orbital announced in a statement.
This proposal facilitates the incorporation of additional payloads, enhancing an ongoing satellite design and manufacturing program, the company says.
The new contract modification, valued at $7.7 million, follows a successful Critical Design Review (CDR) conducted earlier this year. This development not only adds more scope to the existing contract but also elevates the total contract value to a sum slightly exceeding $52 million, the statement reads.
Terran Orbital has a history of collaboration with Lockheed Martin, having delivered 10 satellite buses in the past year to support Lockheed Martin’s Tranche 0 Transport Layer contract with the Space Development Agency (SDA). The company is currently in the process of manufacturing 42 buses to assist Lockheed Martin in fulfilling its substantial $700 million contract for the SDA’s Tranche 1 Transport Layer (T1TL), set for a late 2024 launch.
