Terran Orbital received a payment from Rivada Space Networks pursuant to the company’s previously announced contract with Rivada. The amount was for the completion of a program milestone. As a result, Rivada is current on all outstanding invoices. The company expects to receive additional milestone payments in 2024 and continues to expect to meet its delivery obligations under the Rivada Contract on schedule in 2025 and 2026. The company does not plan to provide any further updates or otherwise publicly comment on the Rivada contract.
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