SpaceLink has reached a significant milestone in the manufacture and launch of their initial constellation of four, high-capacity, optical relay satellites.
Following a comprehensive tender process, OHB Systems AG (OHB) has been selected as the preferred tenderer for the initial constellation.
The parties are currently in advanced negotiations in relation to a contract for the manufacture and delivery of the initial constellation and expect to sign an “Authorization to Proceed” next week, which is the legal basis for the commencement of the project as well as the finalization of the Contract, the total value of which is expected to exceed $300 million.
Negotiations with OHB have reached an advanced stage and the relevant terms and conditions of the Contract are expected to be legally finalized in the coming week. In addition, OHB intends to invest $25 million into SpaceLink as the cornerstone investor in the first tranche of financing for the project.
“Following an in-depth review of multiple manufacturing proposals, we found that OHB excelled at meeting our requirements,” said David Bettinger, Chief Executive Officer of SpaceLink. “OHB provided an advanced technical solution, based on its experience with Medium Earth Orbit (MEO) satellites, processed payloads, and secure optical communications.”
