Spacecom bounces back with $55m deal
May 22, 2018
By Chris Forrester
Israel’s Spacecom, which operates the small Amos fleet of satellites, says it has booked a $55 million agreement with an unnamed (non-Israeli) client that will come into play around the middle of next year once a new satellite is brought into use.
The revenue stream is spread over four years, although the two parties each have a ‘break’ clause if regulatory permissions are not in place by this coming July 15th.
Spacecom will mainly use its Amos-17 craft (for $30-millions worth of the deal) now under construction by Boeing and due to be launched by SpaceX during Q2 next year. Services in the Ka-band under this contract are targeting Africa, says Spacecom in a statement to the Tel Aviv stock exchange.
Spacecom says that the agreement requires Amos-17 to be operational by November next year.
Spacecom itself is bound up with the liquidation of its parent (64 per cent owned) Eurocom Holdings.