Terran Orbital Corporation (NYSE: LLAP) has expanded the firm’s capabilities under NASA’s long-standing, multi-participant, Rapid Spacecraft Acquisition IV (Rapid IV) Indefinite-Delivery/Indefinite-Quantity (IDIQ) contract.
NASA has on-ramped two additional space vehicle platforms, which could position Terran Orbital as a premier partner for the space agency, offering a wider range of solutions for diverse missions. Terran Orbital has been an existing awardee under this contracting vehicle since 2020 through its Tyvak Nano-Satellite subsidiary, with two space vehicles already eligible for NASA task orders. The Rapid IV awards have a shared potential ceiling of $6 billion amongst all contractors selected.
Terran Orbital has added their Nebula and Ambassador micro space vehicle platforms to the existing offerings of 6U Triumph and 12U Renegade CubeSats under the Rapid IV On-Ramp III contract. This comprehensive portfolio (4) of flight-proven space vehicles empowers government agencies with a faster and more efficient path to execute their missions.
The Rapid IV program simplifies the acquisition process for U.S. government agencies. This multi-award IDIQ contract allows for the issuance of Firm Fixed Price delivery orders to eligible participants, streamlining procurement of space vehicles and payload space for upcoming missions.
“We are honored to expand our role in NASA’s critical space endeavors,” said Marc Bell, Co-Founder, Chairman, and Chief Executive Officer at Terran Orbital. “By offering a broader selection of space vehicle solutions, Terran Orbital empowers government agencies to efficiently execute their missions. This streamlined approach allows for faster space vehicle delivery, accelerating scientific discovery and national security advancements.”
