TAMPA, Fla. — Terran Orbital chair and CEO Marc Bell said the satellite maker is lowering 2023 revenue guidance following payment delays from Rivada Space, even though the company’s largest customer still expects to pay $180 million later this year under their $2.4 billion constellation contract.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...