AAC Clyde says 88% increase in backlog since December proves smallsat demand growth

by Peter B. de Selding

PARIS— Smallsat manufacturer AAC Clyde Space said it will sacrifice profitability and use its share-capital increase to increase staff and raise production capacity to 20 satellites a year — with expansion to 100 satellites for a given constellation — to meet what it believes is growing demand.

Reaching cash-flow break-even can wait as the company invests in the scale necessary for long-term sustainability.

“If we were less ambitious, with a smaller number of spacecraft you can make a living,” AAC Clyde Chief Executive Luis Gomes . . .

To view the entire article, become a subscriber!

You may also like