Tess Rakuten's questions to LLAP leadership • Q1 2024
Question
Asked about upfront cash payments for the new Tranche 2 contract, the company's current liquidity, the status of the initial Rivada satellites, visibility into the commercial pipeline, and the board's view on intrinsic value following the rejected Lockheed offer.
Answer
New programs typically receive an upfront payment, and the company is comfortable with its current liquidity. The Rivada program is on track per the current schedule. The commercial pipeline has several opportunities in the final stages. The board's view on value is being handled by a special committee, and no further comment could be provided.