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© GomSpace - for illustrative purposes Electronics Production | June 18, 2018

GomSpace and Aerial & Maritime sign MoU

GomSpace A/S, a subsidiary of GomSpace Group AB, and Aerial & Maritime Ltd. (A&M) have signed a MoU) following A&M's decision to appoint GomSpace as the supplier of a global constellation of nanosatellites and ground segment systems.
Fully operational by the end of 2021 A&M is able to provide global Air Traffic Surveillance increasing safety and reducing fuel consumption to the airline industry, including air navigational service providers.The system shall deliver processed ADS-B signals – compliant with ICAO and EUROCAE requirements for air traffic management.

The terms and conditions of any future formal cooperation between the parties as to the subject matter of the MOU are yet to be negotiated and agreed upon. The parties expect to enter a formal turnkey contract in Q4 2018. The turnkey contract will have a value of up to USD 100 million.

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September 21 2018 11:51 am V11.0.0-1