GomSpace A/S: GomSpace signs 122 MSEK contract with Singapore for Micro Satellites
I dag kl. 08:30 ∙ Cision
A Singaporean customer has selected GomSpace as its partner of choice to build Microsatellites. The contract, valued 122 MSEK, has been awarded after an international competitive tender process. The contract with a value of approximately 122 MSEK (10.5 MEUR), is focused on designing, developing, and building a fleet of Microsatellites. The program will be executed over a period of 3 years and marks the second micro satellite contract for the Company within a few months.
"We are deeply honoured to be recognized by leading space nations like Singapore for contributing to their orbital infrastructure. This contract perfectly aligns with our microsatellite platform development and stands as a testament to the markets trust in GomSpace's capability to fulfil our customers' space ambitions. We eagerly anticipate collaborating closely with Singapore to deliver a world-class solution", said Carsten Drachmann, CEO at GomSpace, he continuous, "And on a personal note, I greatly enjoyed my time in Singapore in 2022, and I am excited to continue working with familiar faces and organizations ".
The company also announces that this order strengthens the projected cashflow for customer programs for the year and reaffirms the guidance for a positive free cashflow in the second half of 2024.
I dag kl. 08:30 ∙ Cision
A Singaporean customer has selected GomSpace as its partner of choice to build Microsatellites. The contract, valued 122 MSEK, has been awarded after an international competitive tender process. The contract with a value of approximately 122 MSEK (10.5 MEUR), is focused on designing, developing, and building a fleet of Microsatellites. The program will be executed over a period of 3 years and marks the second micro satellite contract for the Company within a few months.
"We are deeply honoured to be recognized by leading space nations like Singapore for contributing to their orbital infrastructure. This contract perfectly aligns with our microsatellite platform development and stands as a testament to the markets trust in GomSpace's capability to fulfil our customers' space ambitions. We eagerly anticipate collaborating closely with Singapore to deliver a world-class solution", said Carsten Drachmann, CEO at GomSpace, he continuous, "And on a personal note, I greatly enjoyed my time in Singapore in 2022, and I am excited to continue working with familiar faces and organizations ".
The company also announces that this order strengthens the projected cashflow for customer programs for the year and reaffirms the guidance for a positive free cashflow in the second half of 2024.
