Smallsat builder AAC Clyde, after disappointing 2019, looks to rebound in 2020, operating profit in 2021

by Peter B. de Selding

LUXEMBOURG — Small satellite builder AAC Clyde Space of Sweden and Scotland reported a 14.8% decline in revenue for the 12 months ending Dec. 31, 2019 but said two loss-making contracts have now been shipped and that 2020 should be a much better year.

Like other smallsat builders, AAC Clyde’s growth story — the company’s stock is traded on the Nasdaq First North Premier Growth Market — has been slowed by delayed orders for constellations of satellites.

While waiting for the business plans of . . .

To view the entire article, become a subscriber!

You may also like