Safran and Terran Orbital Sign Memorandum of Agreement to Produce Satellite Electric Propulsion Systems In The U.S.
Portfolio Pulse from Charles Gross
Safran Electronics & Defense and Terran Orbital (NYSE:LLAP) have signed a Memorandum of Agreement to study and validate the prerequisites for producing a new generation of electric propulsion systems for satellites in the US, based on Safran's PPSX00 plasma thruster.
June 23, 2023 | 10:32 am
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Terran Orbital (NYSE:LLAP) signed a Memorandum of Agreement with Safran Electronics & Defense to study the production of satellite electric propulsion systems in the US.
The partnership with Safran Electronics & Defense to study and validate the prerequisites for producing a new generation of electric propulsion systems for satellites in the US could potentially lead to a new revenue stream for Terran Orbital. This news is likely to have a positive impact on the company's stock price in the short term.
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