Since its founding in 2016, Terran Orbital has quickly become one of the most successful new companies in the satellite industry. Founded by former NASA and US intelligence personnel, the company’s mission is to bring the world’s best space technology to commercial operations.
That mission has now been given a major boost, as Terran Orbital has won a $2.4 billion contract to develop 300 satellites for Rivada Networks. It is a significant milestone for the company, bringing them one step closer to their goal of connecting people everywhere with reliable internet access.
Rivada Networks is a leading provider of communication services. The company has developed a range of products that enable a high quality of communications services, including voice, data and video transmission capabilities. They are looking to expand their offerings to the global market, with the development of a satellite system that could offer broadband internet access to even the most remote locations.
The contract between Terran Orbital and Rivada Networks will see the development of 300 satellites, which will be used as part of Rivada’s global network. These satellites will be deployed in a number of orbits, providing broadband access to locations previously difficult to reach.
The $2.4 billion deal brings Terran Orbital’s total contracts to $3.6 billion, with the company now positioned to become the largest commercial satellite operator in the world. Its success comes in part from its careful selection of customers and its focus on flexibility when responding to customer requests.
This crucial contract with Rivada Networks is another important step for the future of Terran Orbital. The success of this deal helps to solidify the company’s position as an industry leader. Its success could have a ripple effect on the satellite industry as a whole, inspiring innovation and new technologies.
Ultimately, this deal is a win-win for both companies. Rivada Networks will benefit from a reliable and efficient satellite network, while Terran Orbital has the chance to expand their reach and their business.
