Smallsat builder AAC Clyde Space, fortified by Hyperion, SpaceQuest acquisitions, forecasts 5X sales increase by 2024

by Peter B. de Selding

PARIS — Small satellite manufacturer AAC Clyde Space AB of Sweden and Scotland, confident that acquisitions of Dutch and U.S. companies in 2020 will deliver on their promise, told investors to expect a five-fold increase in sales in the next four years.

The company reported sales of 98.4 million Swedish krona ($11.8 million) in 2020, up 48% from 2019, a figure that included late-year results from Hyperion of the Netherlands, which is testing very small laser communications terminals for the smallsat market.

To view the entire article, become a subscriber!

You may also like