LA PLATA, Maryland — Small satellite hardware and services provider AAC Clyde Space reported a 10% decline in sales, a sharp drop in EBITDA and negative operating cash flow for the three months ending Sept. 30 because of delays in two major contracts.
The company remains confident that the two programs will move forward, and it said its results for the nine months ending Sept. 30 showed increased sales and EBITDA but a negative cash flow.
Sweden- and Scotland-based AAC Clyde delayed its planned longer-term forecast . . .
To view the entire article, become a subscriber!
