Tailwind Two Acquisition Corp. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

PROPERTY, PLANT AND EQUIPMENT, NET (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

Schedule Of Estimated Useful Lives Of Property Plant And Equipment

Depreciation expense is calculated using the

sum-of-the-years’

digits or straight-line method over the estimated useful lives of the related assets as follows:


Machinery and equipment		5-7 years
Satellites		3-5 years
Ground station equipment		5-7 years
Office equipment and furniture		5-7 years
Computer equipment and software		3-5 years
Leasehold improvements		Shorter of the estimated useful life or remaining lease term

Depreciation expense is calculated using the

sum-of-the-years’

digits or straight-line method over the estimated useful lives of the related assets as follows:


Machinery and equipment		5-7 years
Satellites		3-5 years
Ground station equipment		5-7 years
Office equipment and furniture		5-7 years
Computer equipment and software		3-5 years
Leasehold improvements		Shorter of the estimated useful life or remaining lease term

Schedule Of Property Plant And Equipment

The gross carrying amount, accumulated depreciation and net carrying amount of property, plant and equipment, net as of the dates presented were as follows:


(in thousands)	March 31, 2022			December 31, 2021
Machinery and equipment	$	7,595		$	7,607
Satellites		2,209			2,209
Ground station equipment		1,944			1,944
Office equipment and furniture		2,292			2,239
Computer equipment and software		141			142
Leasehold improvements		8,911			8,533
Construction in process		26,959			23,647

Property, plant and equipment, gross		50,051			46,321
Accumulated depreciation		(11,717	)		(10,791	)

Property, plant and equipment, net	$	38,334		$	35,530

The gross carrying amount, accumulated depreciation and net carrying amount of property, plant and equipment, net as of the periods presented were as follows:


	December 31,
(in thousands)	2021			2020
Machinery and equipment	$	7,607		$	5,742
Satellites		2,209			—
Ground station equipment		1,944			1,331
Office equipment and furniture		2,239			2,106
Computer equipment and software		142			149
Leasehold improvements		8,533			7,391
Construction in process		23,647			10,039

Property, plant and equipment, gross		46,321			26,758
Accumulated depreciation		(10,791	)		(7,237	)

Property, plant and equipment, net	$	35,530		$	19,521