AAC Clyde Space is closing in on a historic milestone, having delivered the IOD-3 Amber satellite to the Spaceport Cornwall facility in Newquay, where it is to be one of the first seven satellites launched to orbit from the UK.
Image courtesy AAC Clyde Space / copyright Shutterstock
The delivery also comes at the start of what is expected to be a busy Q422 for AAC as it delivers a number of customer projects for operational deployment. As AAC starts to deploy its own satellite constellations revenue growth, profitability and cash flow should improve rapidly.
Headquartered in Sweden, AAC Clyde Space is a world leader in nanosatellite end-to-end solutions, subsystems, platforms, services and components, including supply to third parties.
It has production and development operations in Sweden, Scotland, the Netherlands and the United States as well as a start-up in Africa.
AAC Clyde Space is a research client of Edison Investment Research.