BOCA RATON, Florida., February 15, 2022 /PRNewswire/ — Terran Orbital Corporation (“Terran Orbital”), a leading vertically integrated provider of end-to-end satellite solutions, has announced contracts and awards totaling more than $170 million because September 30, 2021. This includes several agreements and awards from several government and commercial customers.

Terran Orbital Logo (PRNewsfoto/Terran Orbital)

“Terran Orbital is fortunate to benefit from unique relationships with leaders in the defence, civil and commercial sectors,” said Mark Bell, co-founder, chairman and CEO of Terran Orbital. “Our team continues to focus on delivering the highest quality solutions at an attractive price. We are honored by the trust and partnership of our customers and look forward to delivering the capabilities they need.”

Terran Orbital previously announced that it has entered into a business combination agreement with Tailwind Two Acquisition Corp. (NYSE: TWNT), (“Tailwind Two”), a special purpose acquisition company (SPAC), under which Terran Orbital will merge with Tailwind Two.

As always, government contracts and programs are subject to the availability of congressional appropriations and authorities, as well as the federal budget process. Accordingly, Terran Orbital may not predict if and when anticipated revenue from such government programs and awards will be recognized.

About Tailwind Two Acquisition Corp.
Tailwind Two is a “for the founders, by the founders” blank check corporation – formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or a similar business combination with one or more founder-led businesses in an industry disrupted by technological change. The management team and directors of Tailwind Two have invested heavily in founder-led businesses, with notable success in the space industry. Tailwind Two is led by the President Philippe Krimand co-CEOs Chris Hollod and Matt Eby. In addition to its executive team and board members, Tailwind Two has assembled an advisory board that will help position Tailwind Two as the value-added partner of choice for today’s leading contractors.

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, civilian and commercial customers. Additionally, Terran Orbital is developing the world’s largest and most advanced NextGen Earth observation constellation to provide persistent real-time Earth imagery. Learn more about www.terranorbital.com.

Important information and where to find it
In connection with the proposed business combination with Terran Orbital, Tailwind Two has filed with the United States Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (as amended or supplemented until 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 sent to shareholders of Tailwind Two. This press release does not contain all of the information to consider regarding the potential transaction and is not intended to form the basis of an investment decision or any other decision regarding the potential transaction. Tailwind Two 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 documents 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, free of charge, at the SEC’s website sec.gov.

Participants in the solicitation
Tailwind Two and its directors and officers may be considered participants in the solicitation of proxies from shareholders of Tailwind Two regarding the potential transaction. A list of the names of these directors and officers and a description of their interests in Tailwind Two are contained in Tailwind Two’s final prospectus relating to its initial public offering dated March 8, 2021which has been filed with the SEC and is available free of charge on the SEC’s website 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 officers may also be considered participants in the solicitation of proxies from shareholders of Tailwind Two in connection with the potential transaction. A list of the names of such directors and officers and information regarding their interests in the potential transaction is included in the proxy statement/prospectus.

Non-solicitation
This press release and any oral statements made in connection with this press release do not constitute an offer, or the solicitation of an offer, sale or purchase of securities, and no securities of Terran Orbital or Tailwind Two will be offered or sold. , in any jurisdiction in which such offer, solicitation or sale would be unlawful. Neither the SEC nor any state securities commission has approved or disapproved of the transactions contemplated herein or determined whether this press release is true or complete. Any representation to the contrary is a criminal offence. Nothing in this press release constitutes investment, tax or legal advice or a recommendation regarding any securities. You should consult your own attorney and tax and financial advisors on legal and related matters regarding the matters described herein, and you should make your own decisions and make your own independent investment and analysis of 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 beliefs regarding the expected future financial and operating performance of Terran Orbital. Forward-looking statements are statements that are not historical, including statements regarding operational and financial plans, conditions and performance of Terran Orbital and other projections or predictions of the future. Forward-looking statements are generally identified by words such as “project”, “believe”, “expect”, “anticipate”, “intend”, “estimate”, “may”, “will”, “should” and “could” and similar expressions. These statements, estimates and projections reflect many assumptions regarding expected results. Forward-looking statements contained in this press release may include, for example; statements about Terran Orbital’s industry and market size; future opportunities; expectations and projections regarding future financial and operating performance and results of Terran Orbital; and potential transactions, including items such as implied enterprise value, ownership structure, amount of redemption requests made by Tailwind Two shareholders, Tailwind Two’s ability to issue shares or related instruments to actions in connection with the potential transactions or in the future, the likelihood and ability of the parties to successfully complete the potential transactions, and the factors set forth in the section entitled “Risk Factors” and “Caution Regarding forward-looking statements; Market Ranking and Other Industry Data” in the Proxy Circular/Prospectus. Because these assumptions may or may not turn out to be correct and there are numerous factors that will affect Terran Orbital’s actual results (many of which are beyond Terran Orbital’s control), there can be no assurance that the results projected are achievable or will made. 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. Actual results of Terran Orbital may differ materially from those presented in this press release. Accordingly, no representation is made as to the accuracy, reasonableness or completeness of such statements, estimates or projections.

CONTACTS:
[email protected]
949-413-7938

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