Smallsat builder AAC Clyde Space: Eumetsat EPS-Sterna contract triples our backlog; 2026 revenue to increase 61%

by Peter B. de Selding

LA PLATA, Maryland — Small satellite hardware and service provide AAC Clyde Space, with a long-awaited large contract now firmly in hand, said its 2026 revenue should be about 475 million Swedish krona ($49.9 million), up 61% from 2025, with a 10% EBITDA margin and positive operating cash flow.

Given its size, Sweden- and Scotland-based AAC Clyde is subject to dramatic ups and downs based on the status of just a few large contracts. The EPS-Sterna constellation of Arctic meteorological satellites was one of those.

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