SALT LAKE CITY, UT — Small satellite hardware and service provider AAC Clyde Space reported an 18% increase in revenue for the six months ending June 30 compared to a year ago and maintained its recent positive EBITDA and operating cash flow.
The company said it would use a portion of the 61.5 million Swedish krona (SEK) or $6.5 million, from a directed share offer to tailor its current product line to capture the expected growth in defense spending among European governments. It is a common theme now among space companies on . . .
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