GomSpace, Sky and Space Global agree, in principle, to revise their contractual relationship

by Peter B. de Selding

PARIS — Cubesat manufacturer GomSpace and its biggest customer, Sky and Space Global, have reached an in-principle agreement on restructuring the contract to build Sky and Space’s IoT/M2M constellation and then adding a new contract for a separate constellation.

The so-called "heads of agreement" includes no committed delivery schedule or even cost and appears to be an effort to put the two companies' difficult relations back on firm footing.

Britain-based, Australia (ASX)-traded Sky and Space Global in 2018 fell behind in its payments to . . .

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