Satellite maritime surveillance provider exactEarth stock jumps after EU contract win with Spain’s Hisdesat

by Peter B. de Selding

PARIS — Shares in Canadian satellite-based maritime tracking service provider exactEarth Ltd. rose 11% on Jan. 13 following the company’s win, with partner Hisdesat of Spain, of a four-year contract with the European Maritime Safety Agency (EMSA).

The contract does not specify a given amount of data and will depend on task orders from EMSA, but exactEarth said that given EMSA’s past practice the deal should be worth between $3.8 million and $5.4 million over the contract life.

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