Terran Orbital is Awarded Subcontract by Lockheed Martin for SDA’s Tranche 2 Tracking Layer

Terran Orbital Corporation (NYSE: LLAP) (“Terran Orbital” or the “Company”), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, announced being selected by Lockheed Martin to produce 18 satellite buses for their recent Space Development Agency (SDA) Tranche 2 (T2) Tracking Layer contract.

Lockheed Martin will provide the SDA with 16 wide field-of-view missile warning/missile tracking space vehicles with infrared sensors and two vehicles with missile defense infrared sensors that can generate fire control-quality tracks to provide preliminary missile defense mission capabilities.  Each Lockheed Martin-built T2 Tracking Layer satellite will incorporate a Terran Orbital bus.

“We’re proud to once again be selected as the trusted space vehicle provider for Lockheed Martin, especially for the SDA’s critical tracking mission,” said Marc Bell, Terran Orbital’s Co-Founder, Chairman, and Chief Executive Officer. “This continued partnership signifies the confidence Lockheed Martin places in Terran Orbital’s capabilities. We are excited to leverage our expertise and deliver these advanced space vehicles to support the SDA’s mission objectives.”

These state-of-the-art space vehicles will be manufactured at Terran Orbital’s advanced robotic space vehicle manufacturing facilities located in California. This award showcases Terran Orbital’s commitment to innovation and positions the company as a key player in building the next generation of proliferated warfighting constellations.

The T2 Tracking Layer will accelerate the capability to provide global, persistent indications, detection, warning, and tracking of conventional and advanced missile threats, including hypersonic missile systems. It will also deliver preliminary missile defense capability by incorporating fire control quality sensors in the constellation.