LMC Contract Modification Awarded to Terran Orbital

Adds $7.7 Million to and Existing Program

Lockheed Martin has awarded an Engineering Change Proposal (ECP) to host additional payloads to Terran Orbital Corporation. The contract modification adds $7.7M to an existing satellite design and manufacturing program.

This addition was awarded following a successful Critical Design Review (CDR) earlier this year. The modification incorporates additional previously anticipated scope into the contract. This modification brings the total value of the contract to just over $52 million.

Last year, Terran Orbital delivered 10 satellite buses to Lockheed Martin in support of their Tranche 0 Transport Layer contract with SDA. Terran Orbital is currently building 42 buses for Lockheed Martin to help the company fulfill its $700 million contract for the SDA’s Tranche 1 Transport Layer (T1TL), currently scheduled for a late 2024 launch, and Terran Orbital was just awarded 36 buses to help the company fulfill its $816 million contract for the SDA’s Tranche 2 Transport Layer (T2TL), currently scheduled for late 2026.

(Source: Terran Orbital news release. Image provided)