AAC Clyde Space - GEMS shines amidst the murk
While working under the operational adjustments required by COVID-19, it is pleasing to see continuing business development activity at AAC Clyde Space. The award of a follow-on SEK8m contract from Orbital Micro Systems for a 6U satellite is due to the success of a 3U in-orbit demonstrator deployed in July 2019. At present, disruption to operations at AAC Clyde has been limited and we maintain our forecasts, although welfare measures for employees could have some impact if they extend into H220.AAC Clyde Space AB, formerly AAC Microtec AB, is a Sweden-based company, which is primarily involved in the aerospace industry. The Company operates as a provider of space solutions and systems for commercial, governmental and educational purposes on the global market through its partner network and offices in Sweden, the United States and the United Kingdom. The Company specializes in small, purpose-built satellites, as well as sub-systems and components. The Company's customers include the European Space Agency (ESA), National Aeronautics and Space Administration (NASA), Orbcomm, Kepler Communications, NSLComm, KP Labs and Orbital Micro Systems, among others.
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