Smallsat builder AAC Clyde Space: Growth still expected in 2020, no slowdown seen so far

by Peter B. de Selding

PARIS — Small satellite merchant manufacturer AAC Clyde Space reported a sharp increase in revenue for the first three months of 2020 and said Covid-19 appears to be having little effect on its business.

The company reiterated that it expects substantial growth in 2020 and that it will report positive cash flow and EBITDA in 2021.

“We have not seen a reduction in the appetite for our products and services,” AAC Clyde Chief Executive Luis Gomes said in a May 15 statement to shareholders.”

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