SatixFy Communications shares are trading higher after the company announced it signed a $9 million software development and license agreement with MDA Space to support its digital payload systems for LEO satellite constellations.
Portfolio Pulse from Benzinga Newsdesk
SatixFy Communications' shares rose following a $9 million software development and license agreement with MDA Space to enhance digital payload systems for LEO satellite constellations.
October 22, 2024 | 4:31 pm
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SatixFy Communications' stock is up due to a $9 million agreement with MDA Space, which will boost its digital payload systems for LEO satellites.
The $9 million agreement with MDA Space is a significant revenue boost for SatixFy Communications, likely increasing investor confidence and driving the stock price up. The deal enhances SatixFy's position in the LEO satellite market, a growing sector.
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