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Terran Orbital to Build Microsatellite Program with Lockheed Martin

 Feb. 17, 2022

Small-satellite pioneer Terran Orbital Corporation ("Terran Orbital") was awarded a contract by Lockheed Martin Aeronautics to provide three microsatellite class satellites, launch procurement, integration, and operations in support of product demonstration.

"We are thrilled Terran Orbital will be part of another program with Lockheed Martin. This contract award provides an exciting opportunity for the company to demonstrate our capabilities as a small satellite provider delivering cost-effective end-to-end solutions enabling missions," said Marc Bell, Co-Founder, Chairman, and Chief Executive Officer of Terran Orbital.

"At Terran Orbital we pride ourselves on creating high quality, cost-effective satellite solutions that surpass the customers' needs," said Matt Gann, Senior Vice President of Programs at Terran Orbital. "It is a privilege to evolve our agile aerospace processes as we expand our partnership with the top defense contractor in the world, Lockheed Martin."

"This project will allow us to demonstrate enhanced capability in a series of key technology areas. We look forward to working with the team to deliver critical solutions," said Daniel Markham, program director, Lockheed Martin Skunk Works®.

Terran Orbital has previously announced that it entered in a business combination agreement with Tailwind Two Acquisition Corp. (NYSE: TWNT), ("Tailwind Two"), a special purpose acquisition company (SPAC), pursuant to which Terran Orbital will combine with Tailwind Two.