exactEarth, with renegotiated L3Harris deal, sees a path to profitability

by Peter B. de Selding

PARIS — Satellite-based maritime tracking service provider exactEarth Ltd. reported a 17% increase in revenue in its fiscal-year 2019 but a doubling of its operating loss as its financial obligations to hosted-payload provider L3Harris Technologies came into full effect.

The two companies have since renegotiated their agreement, which relates to the 58 Automatic Information System (AIS) payloads managed by Harris on the Iridium Communications Iridium Next constellation.

Under the new agreement, exactEarth will save 800,000 Canadian dollars ($603,000) per . . .

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