Small-satellite maker Terran Orbital Corp., the Florida-based parent company of Irvine’s Tyvak Nano-Satellite Systems Inc., has signed a 10-year lease for an additional 60,000-square-foot commercial facility in Irvine.
The site is adjacent to the company’s existing facility near the city’s train station. The firm also has a large office presence in the Spectrum area of the city.
“Terran Orbital continues to expand our status as an industry leader by growing our portfolio of satellite production and assembly facilities,” Terran Orbital CEO Marc Bell said in an announcement today.
Terran plans to merge with Tailwind Two Acquisition Corp., a special purpose acquisition company, in a move that will take Terran public in a transaction valued at close to $1.6 billion. No date for the listing was provided.
Separately, Terran said it has received contracts and awards totaling over $170 million since September 30. That includes multiple agreements and awards from several government and commercial customers.