Tata Advanced Systems And Satellogic Sign Strategic Contract To Build LEO Satellites In India; Commences With Training, Knowledge Transfer And Local Assembly Of Optical Sub-Meter Resolution EO Satellites
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Tata Advanced Systems (TASL) has signed a strategic contract with Satellogic to build LEO satellites in India. The partnership includes training, knowledge transfer, and local assembly of optical sub-meter resolution EO satellites. TASL will set up an Assembly, Integration, and Testing (AIT) facility in India and co-develop a satellite design with Satellogic.
November 29, 2023 | 1:12 pm
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Satellogic, identified by the ticker SATL, has entered into a strategic partnership with Tata Advanced Systems to build LEO satellites in India, which includes setting up an AIT facility and co-developing satellite designs.
The strategic contract with Tata Advanced Systems is likely to be viewed positively by investors as it represents expansion and growth for Satellogic. The local assembly and AIT facility establishment in India could lead to cost efficiencies and improved production capabilities for SATL. This partnership may also open up new market opportunities within India and potentially in the surrounding regions.
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