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Terran Orbital, Hanwha Form Strategic Partnership

Collaboration includes solar cells

Satellite maker Terran Orbital Corp. (NYSE: LLAP) said it signed a memorandum of understanding with South Korea’s Hanwha Systems for a strategic partnership for the two companies to work together on satellite manufacturing, including solar cells.

They will also collaborate on advancing next-generation satellites and promised to share resources, knowledge and best practices, according to a statement today.

Shares in Terran Orbital closed up 3.3% to 75 cents apiece for a market cap of $151 million.

Terran has most of its operations in Irvine, and is headquartered in Boca Raton, Fla.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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