“Terran Orbital stock surges after winning $2.4 billion contract to build satellites for Rivada”
February 22, 2023
“Terran Orbital shares surged in early trading on Wednesday, after the company announced a $2.4 billion contract to build communications satellites for Rivada Space Networks.
The spacecraft builder will design, manufacture and deploy 288 satellites for Rivada out of Terran’s Tyvak subsidiary based in Irvine, California. It will also build 12 spare satellites, for a total contract of 300 satellites, and develop portions of the ground support…
Terran stock jumped as much as 75% in morning trading from its previous close of $1.71 a share. The stock has slid steadily since its debut just over a year ago, when it finished its first day of trading at $11.80 a share…”
https://www.cnbc.com/2023/02/22/terran-orbital-wins-2point4-billion-rivada-satellite-contract.html