BOCA RATON, Fla., Feb. 15, 2022 /PRNewswire/ -- Terran Orbital
Corporation ("Terran Orbital"), a leading vertically integrated
provider of end-to-end satellite solutions, announced
contracts and awards totaling over $170 million since September 30, 2021. This includes multiple
agreements and awards from several government and commercial
customers.
"Terran Orbital is fortunate to enjoy unique relationships with
leaders in the defense, civil, and commercial sectors," said
Marc Bell, Co-Founder, Chairman and
Chief Executive Officer of Terran Orbital. "Our team continues to
focus on delivering the highest quality solutions at a compelling
price. We are honored by the trust and partnership of our customers
and look forward to delivering the capabilities they need."
Terran Orbital has previously announced that it entered into a
business combination agreement with Tailwind Two Acquisition Corp.
(NYSE: TWNT), ("Tailwind Two"), a special purpose acquisition
company (SPAC), pursuant to which Terran Orbital will combine with
Tailwind Two.
As always, government contracts and programs are subject to the
availability of Congressional appropriations and authorizations, as
well as the federal budget process. Accordingly, Terran Orbital may
not predict if and when the anticipated revenue from these
government programs and awards will be recognized.
About Tailwind Two Acquisition Corp.
Tailwind Two is a
blank check company "for founders, by founders" – formed for the
purpose of effecting a merger, capital share exchange, asset
acquisition, share purchase, reorganization, or similar business
combination with one or more founder-led businesses in a sector
being disrupted by technological change. Tailwind Two's management
team and directors have invested extensively in founder-run
businesses, with notable success in the space industry. Tailwind
Two is led by Chairman Philip Krim,
and Co-Chief Executive Officers Chris
Hollod and Matt Eby. In
addition to the members of its management team and board of
directors, Tailwind Two has assembled an Advisory Board that will
help position Tailwind Two as the value-add partner of choice for
today's leading entrepreneurs.
About Terran Orbital
Terran Orbital Corporation is a
leading vertically integrated provider of end-to-end satellite
solutions. Terran Orbital combines satellite design, production,
launch planning, mission operations and in-orbit support to meet
the needs of the most demanding military, civil and commercial
customers. In addition, Terran Orbital is developing the world's
largest, most advanced NextGen Earth Observation constellation to
provide persistent, real-time earth imagery. Learn more at
www.terranorbital.com.
Important Information and Where to Find It
In
connection with the proposed business combination with Terran
Orbital, Tailwind Two filed with the U.S. Securities and Exchange
Commission (the "SEC") a registration statement on Form S-4 (as
amended or supplemented through the date hereof, the "Registration
Statement") containing a definitive proxy statement/prospectus (the
"Proxy Statement/Prospectus"). The Registration Statement has been
declared effective by the SEC and is being mailed to Tailwind Two's
shareholders. This press release does not contain all the
information that should be considered concerning the potential
transaction and is not intended to form the basis of any investment
decision or any other decision in respect of the potential
transaction. Tailwind Two's shareholders and other interested
persons are advised to read the Proxy Statement/Prospectus and
other documents filed in connection with the potential transaction,
as these materials will contain important information about Terran
Orbital, Tailwind Two and the potential transaction. Shareholders
will also be able to obtain copies of the Proxy
Statement/Prospectus and other documents filed with the SEC,
without charge at the SEC's website sec.gov.
Participants in the Solicitation
Tailwind Two and its
directors and executive officers may be deemed participants in the
solicitation of proxies from Tailwind Two's shareholders with
respect to the potential transaction. A list of the names of those
directors and executive officers and a description of their
interests in Tailwind Two is contained in Tailwind Two's final
prospectus relating to its initial public offering dated
March 8, 2021, which was filed with
the SEC and is available free of charge at the SEC's web site at
www.sec.gov. Additional information regarding the interests of such
participants is contained in the Proxy Statement/Prospectus. Terran
Orbital and its directors and executive officers may also be deemed
to be participants in the solicitation of proxies from Tailwind
Two's shareholders in connection with the potential transaction. A
list of the names of such directors and executive officers and
information regarding their interests in the potential transaction
are included in the Proxy Statement/Prospectus.
Non-Solicitation
This press release and any oral
statements made in connection with this press release shall not
constitute an offer, nor a solicitation of an offer, of the sale or
purchase of any securities, nor shall any securities of Terran
Orbital or Tailwind Two be offered or sold, in any jurisdiction in
which such an offer, solicitation or sale would be unlawful.
Neither the SEC nor any state securities commission has approved or
disapproved of the transactions contemplated hereby or determined
if this press release is truthful or complete. Any representation
to the contrary is a criminal offense. Nothing in this press
release constitutes investment, tax or legal advice or a
recommendation regarding any securities. You should consult your
own counsel and tax and financial advisors as to legal and related
matters concerning the matters described herein, and you must make
your own decisions and perform your own independent investment and
analysis of the potential transactions.
Special Note Regarding Forward-Looking Statements
This
press release includes certain forward-looking statements,
estimates, and projections provided by Terran Orbital that reflect
management's views regarding the anticipated future financial and
operating performance of Terran Orbital. Forward-looking statements
are statements that are not historical, including statements
regarding operational and financial plans, terms and performance of
Terran Orbital and other projections or predictions of the future.
Forward looking statements are typically identified by such words
as "project," "believe," "expect," "anticipate," "intend,"
"estimate," "may," "will," "should," and "could" and similar
expressions. Such statements, estimates, and projections reflect
numerous assumptions concerning anticipated results.
Forward-looking statements in this press release may include, for
example; statements about Terran Orbital's industry and market
sizes; future opportunities; expectations and projections
concerning future financial and operational performance and results
of Terran Orbital; and the potential transactions, including items
such as the implied enterprise value, ownership structure, the
amount of redemption requests made by Tailwind Two's shareholders,
the ability of Tailwind Two to issue equity or equity-linked
instruments in connection with the potential transactions or in the
future, the likelihood and ability of the parties to successfully
consummate the potential transactions, and those factors set forth
in the section entitled "Risk Factors" and "Cautionary Note
Regarding Forward-Looking Statements; Market Ranking and Other
Industry Data" in the Proxy Statement/Prospectus. As these
assumptions may or may not prove to be correct and there are
numerous factors which will affect Terran Orbital's actual results
(many of which are beyond Terran Orbital's control), there can be
no assurances that any projected results are attainable or will be
realized. Terran Orbital and Tailwind Two disclaim any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events, or
otherwise, except as required by law. Terran Orbital's actual
results may differ materially from those set forth in this press
release. Accordingly, no representations are made as to the
accuracy, reasonableness or completeness of such statements,
estimates, or projections.
CONTACTS:
pr@terranorbital.com
949-413-7938
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SOURCE Terran Orbital
