Satellite maker Terran Orbital Corp. (NYSE: LLAP) said today it had been awarded a $7.7 million contract modification from Lockheed Martin to handle additional payloads.
The modification brings the total value of the contract to just over $52 million. Terran is based in Florida but has the bulk of its operations in Irvine.
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Shares in Terran rose 1.4% to 84 cents apiece for a market cap of $175 million.
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Separately, Terran said yesterday that its subsidiary, Tyvak International, has been awarded a $4.7 million contract by the European Space Agency.
For further details on Terran Orbital, please see the Nov. 6 print edition.
