Terran Orbital says Rivada is up to date on invoices after undisclosed payment

TAMPA, Fla. — Terran Orbital told investors Jan. 2 it has received a past-due payment for the 300 satellites it is building for Rivada Space Networks, but it is unclear whether this covered the full $180 million it expected by the end of 2023 as future installments for the $2.4 billion project are kept under wraps.

The amount was due for completing an unspecified program milestone, Terran Orbital announced in a brief Jan. 2 news release, and means Rivada Space has paid all outstanding invoices to date.

Terran Orbital had told shareholders Oct. 26 it expected to get a $180…