Smallsat builder AAC Clyde Space: First it was supply chains, now it’s launch delays that will reduce 2022 revenue

by Peter B. de Selding

PARIS — Small satellite manufacturer AAC Clyde Space said it will not meet its forecasted revenue target in 2022 because of delays in the launches of several of its satellites, which will push revenue expected this year into 2023.

The Sweden- and Scotland-based company, which earlier this year had blamed supply-chain bottlenecks for delaying its expected cash-flow break-even to 2023, said revenue for the second half of 2022 likely will be 120.7 million Swedish krona ($11.6 million), some 16% shy of where it had though it . . .

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