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Rivada Space Networks awarded Terran Orbital a $2,400,000,000 contract in February 2023 to build 300 satellites for a broadband constellation.
Terran Orbital recognized $6,900,000 in revenue from the Rivada Space Networks contract as of the end of 2023.
Mark Rigolle previously served as chief financial officer for SES and CEO of O3b Networks before Rivada Space Networks.
The $2,400,000,000 Rivada Space Networks contract accounts for nearly 90% of Terran Orbital’s backlog.
Terran Orbital stated in January 2024 that Rivada Space Networks had paid all its outstanding invoices related to their contract.
Terran Orbital recognized $6,900,000 in revenue from the Rivada contract in 2023.
Terran Orbital has a $2,400,000,000 contract with Rivada Space Networks to produce 300 satellites.
Rivada Space, a German subsidiary of U.S.-based Rivada Networks, has Memorandum of Understanding agreements with potential customers worth more than $7,000,000,000 that it is beginning to convert into firm contracts.
Rivada Space is seeking government customers for a network of up to 600 broadband satellites equipped with optical communications links to avoid the need for terrestrial relay stations.
Terran Orbital is under contract to provide the 300 satellites Rivada must deploy by mid-2026 to comply with its spectrum regulatory license.
Terran Orbital’s $2,400,000,000 contract to build 500-kilogram satellites makes Rivada its biggest customer.
On 2024-01-02, Terran Orbital indicated that Rivada had paid all outstanding invoices.
Terran Orbital disclosed on 2024-01-02 that Rivada Space Network had paid all outstanding invoices to date under their agreement.
Since emerging from stealth, Aalyria has received awards from and developed partnerships with the Defense Innovation Unit, the U.S. Naval Research Laboratory, Comtech, the European Space Agency, Telesat, Intelsat, Airbus, and Rivada Space.
U.S. technology firm Rivada is planning to use the frequencies previously allocated to KLEO Connect for its own constellation.
Rivada Space Networks’ global low-latency point-to-point orbital network, the OuterNET, combines inter-satellite laser links with advanced onboard processing to provide routing and switching capabilities and create an optical mesh network in space.
Wiseband intends to use Rivada Space Networks’ point-to-point secure communications network to provide advanced and customizable secure solutions to its enterprise customers and to develop emerging markets in the Middle East.
Terran Orbital expects to receive additional milestone payments from Rivada Space Networks in 2024.
At Rivada Space Networks’ request, Terran Orbital does not plan to provide further updates or publicly comment on the Rivada contract except as required by the Securities and Exchange Commission or in Terran Orbital’s quarterly and annual financial reporting.
The Rivada Space contract with Terran Orbital is a $2,400,000,000 project.