GomSpace maintains 2020 revenue target, clears books of aero/maritime vessel-tracking affiliate

by Peter B. de Selding

PARIS — Merchant small-satellite systems provider GomSpace maintained its forecast of a 26% increase in revenue for 2020, thanks mainly to the fact that government business has made up the slack in commercial orders.

That same government business, led by the 22-nation European Space Agency (ESA), which is GomSpace’s biggest customer, has insulated the company from the Covid-19 pandemic. ESA accounted for 29% of GomSpace’s revenue for the first six months of 2020.

Reporting the company’s Q2 financial results, Chief . . .

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