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 by Staff Writers London, UK (SPX) Mar 01, 2017
GomSpace ApS a subsidiary of GS Sweden AB has been selected by and has entered into a procurement contract with the UK company Sky and Space Global (UK) Ltd. to develop and deliver a constellation of satellites within a 4 year period. The first delivery of satellites will be in 2018. The revenue will be distributed over the term of the agreement. The total value of this order is depending on several options including development, services and choice of satellites and will therefore range between approximately EUR 35.0 and 55.0 million. "GomSpace is extremely excited to be part of this ground-breaking project from Sky and Space Global (UK) Ltd. With this project, we believe that Sky and Space Global, seconded by GomSpace, is on the verge of a breakthrough for nanosatellites in the professional low-earth orbit satellite business," says Niels Buus, CEO of GomSpace. "We are getting very close to the launch of our first 3 Diamonds mission, to which GomSpace is already a key supplier, and our goal is to build a communication network based on a constellation of nanosatellites. "This contract with GomSpace is another step towards a commercial, revenue generating service. We are very happy to continue working with GomSpace which have proven their value and capabilities," says Meir Moalem, CEO of Sky and Space Global Ltd.
Iridium Adds Eighth Launch with SpaceX for Satellite RideshareMcLean VA (SPX) Feb 03, 2017 Iridium Communications has contracted with SpaceX for an eighth Falcon 9 launch. Along for the ride are the twin-satellites of the NASA/GFZ Gravity Recovery and Climate Experiment Follow-On (GRACE-FO) mission, which will be deployed into a separate low-Earth orbit, marking the first rideshare deal for Iridium. An agreement of this kind is economical for all parties, and affords Iridium the abili ... read more Related Links GomSpace The latest information about the Commercial Satellite Industry 
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