LeoSat tops $2bn worth of business
May 8, 2019
By Chris Forrester
LeoSat Enterprises used the Washington Satellite 2019 show to confirm that it has now signed more than $2 billion-worth of business ahead of the launch of its first satellite.
“Whilst the list of companies launching ‘build it and they will come’ mega satellite constellations continues to grow, we believe that our commercial agreements valued at over $2 billion clearly demonstrate LeoSat’s unique solution is more than a vision. LeoSat is solving an essential business need that not only resonates with our customers but has also attracted the firm backing of two leading satellite companies – SKY Perfect JSAT and Hispasat”, said Mark Rigolle, CEO of LeoSat Enterprises.
“Our most recent customer agreements include X2nSat, which has selected LeoSat’s laser-enabled data network to support the ever-expanding needs of the healthcare industry, and FMC GlobalSat, which provides seamless onshore and offshore network access that will enable enormous productivity and efficiency improvements over legacy satellite infrastructures,” said Rigolle.
LeoSat is likely to launch the first cluster of its planned 108 satellites next year. The High Throughput LEO satellites are being built by Thales Alenia Space.