SatixFy Signs $9M Software Development And License Agreement With MDA Space To Support Digital Payload Systems For LEO Satellite Constellations
Portfolio Pulse from Benzinga Newsdesk
SatixFy has entered into a $9 million agreement with MDA Space to develop software for digital payload systems in LEO satellite constellations. The deal includes $6 million for software delivery and $3 million for future licensing, with an additional $4 million option for data plane access.
October 22, 2024 | 12:45 pm
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SatixFy has signed a $9 million agreement with MDA Space to develop software for LEO satellite constellations, potentially boosting its revenue and market position.
The $9 million agreement with MDA Space is significant for SatixFy as it not only provides immediate revenue from software delivery but also future licensing opportunities. The additional $4 million option for data plane access further enhances the potential financial impact. This deal positions SatixFy as a key player in the LEO satellite market, likely leading to positive investor sentiment and a potential short-term stock price increase.
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