Tyvak International wins EDA contract to develop VLEO satellite technology

Written by Copernical Team Friday, 05 April 2024 19:58

font size decrease font size increase font size
Print
Email

Write a comment

Berlin, Germany (SPX) Apr 02, 2024

Tyvak International SRL, a subsidiary of Terran Orbital Corporation (NYSE: LLAP) located in Torino, Italy, announced its role in a major European Defense Agency (EDA) initiative. As a leading European nano and microsatellite provider, Tyvak International has been awarded a service subcontract for the EDA's Hub for EU Defense Innovation (HEDI) proof-of-concept prototype for 2023. This project foc

Tyvak International wins EDA contract to develop VLEO satellite technology
by Robert Schreiber
Berlin, Germany (SPX) Apr 02, 2024

Tyvak International SRL, a subsidiary of Terran Orbital Corporation (NYSE: LLAP) located in Torino, Italy, announced its role in a major European Defense Agency (EDA) initiative. As a leading European nano and microsatellite provider, Tyvak International has been awarded a service subcontract for the EDA's Hub for EU Defense Innovation (HEDI) proof-of-concept prototype for 2023. This project focuses on exploring the capabilities of Very Low Earth Orbit (VLEO) satellites, representing a major advancement in military space technology.

The awarded contract initiates Phase A for the transition of spacecraft from LEO to VLEO, aiming for a Preliminary Design Review. In collaboration with CNIT, FlySight, and Politecnico di Milano, Tyvak International is set to lead the consortium in various capacities, including market analysis, component identification, requirement definitions based on the business case, and feasibility assessment for satellite development.

Fabio Nichele, CEO of Tyvak International, expressed enthusiasm about the company's key role in the EDA VLEO project, highlighting it as an opportunity to further their contributions to satellite technology and defense capabilities. "We are excited to support the European Defence Agency's mission objectives through this partnership," Nichele stated.

The involvement with the EDA underscores Tyvak International's commitment to advancing satellite technology. The partnership will focus on strategic defense applications such as Earth observation, in-space situational awareness, signal detection, and navigation warfare, aiming to enhance European defense mechanisms.

In related news, Terran Orbital announced its compliance with NYSE listing standards after its stock price rebounded to meet the minimum requirement, eliminating its previous noncompliance status. Additionally, Terran Orbital reported a record revenue of $135.9 million for the year 2023, marking a significant year-over-year growth and a notable improvement in its financial performance.