Terran Orbital: We’ve got plenty of opportunities even if $2.4B Rivada constellation contract is terminated

by Peter B. de Selding

LA PLATA, Maryland — Small satellite manufacturer Terran Orbital sought to persuade investors that its $2.4-billion, 300-satellite contract with Rivada Space Networks, which as of March 31 represented 88% of its backlog, could disappear without having a material impact.

It’s not the first time that Terran Chief Executive Marc Bell has portrayed the Rivada deal as just one of many mega-constellations that Terran expects to win once it has completed its new satellite production facility, which is scheduled by early 2025.

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