Uncertainty over Rivada’s ‘ability to pay’ for satellites influenced Terran Orbital sale
US manufacturer struck a $2.4bn deal last year to build the satellites for Rivada’s OuterNet project
US manufacturer struck a $2.4bn deal last year to build the satellites for Rivada’s OuterNet project
Businessman had been ordered to turn over control of a number of companies and make monthly payments of $20,000 to investor David Shuman
Terran Orbital’s latest accounts cut backlog from $2.7bn to $312.7m, citing primarily ‘the removal of the unpaid portion of the Rivada agreement’
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