Smallsat builder AAC Microtec/Clyde Space says growth on track despite wider Q2 loss

by Peter B. de Selding

CENTER HARBOR, New Hampshire — Small-satellite manufacturer AAC Microtec said it still expects to reach its 2018 financial goals — becoming EBITDA positive late in the year with full-year revenue at 85 million Swedish krona ($9.4 million) — despite reporting a wider loss in the three months ending June 30.

Swedish-based AAC, which owns smallsat builder Clyde Space of Scotland, said its gross profit was affected by challenges in one of its larger projects, which it did not identify.

AAC Chief Executive Alfonso Barreiro said the issue would . . .

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