News of the deal caused Terran Orbital's stocks to surge by 71%, with the company's CEO saying it's probably the largest small satellite deal ever.
the deal this week, which makes it the main contractor for satellite communication company Rivada.
“Our partnership will show why Terran Orbital continues to be a satellite manufacturer of choice for aerospace and defense companies worldwide,” Marc Bell, co-founder, and chairman of Terran Orbital, said in the statement. “We are ecstatic to work alongside Rivada and look forward to building out their LEO constellation.”wants to begin deploying its constellation as early as 2025 with the launch of four satellites.
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