Terran Orbital Announced Earlier It Received Payment from Rivada
Portfolio Pulse from Charles Gross
Terran Orbital Corporation (NYSE:LLAP) has received a payment from Rivada Space Networks for completing a program milestone under their existing contract. Rivada is now current on all outstanding invoices, and Terran Orbital anticipates further milestone payments in 2024, with delivery obligations on schedule for 2025 and 2026.
January 02, 2024 | 12:16 pm
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Terran Orbital Corporation received a milestone payment from Rivada, indicating financial health and progress on their contract. This news may positively impact investor sentiment as it shows the company is on track with its obligations and revenue stream.
The receipt of the milestone payment from Rivada confirms that Terran Orbital is successfully meeting its contractual obligations, which is a positive sign for the company's financial stability and future revenue prospects. This news is likely to reassure investors of the company's performance and could lead to a short-term positive impact on the stock price.
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IMPORTANCE 75
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