The contract GomSpace disclosed on May 10 with Indra, which is estimated to be at a value of EUR 14.5 million, is regarding the Startical project. The Startical project was announced by Indra and Enaira on May 18.

The project is part of Indra and Enaira's plan to establish a novel global air traffic management service from space, allowing aircraft everywhere to coordinate with air traffic managers using VHF and ADS-B technologies.

"This is a truly transformative project for GomSpace, and we are very proud to be the technology partner for this demonstration project based on nanosatellite technology, where we can make use of our prior knowledge on tracking aircrafts with nanosatellites," says Niels Buus, CEO at GomSpace.

Launch of the first demonstration satellite is scheduled for late 2022. The last two satellites to be launched in late 2023.