LA PLATA, Maryland — Terran Orbital has scaled back work on its $2.4-billion contract to build 300 Ka-band broadband satellites for Rivada Space Networks as it waits for Rivada to make a delayed payment, Terran Chief Executive Marc Bell said.
In an Oct. 26 webcast to take questions from shareholders concerned about Terran’s stock price and the threatened de-listing from the New York Stock Exchange (NYSE), Bell said he remained confident that Rivada would make good on the payment.
But he also said Terran has many other customer prospects and . . .
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