SatixFy Secures $9M Satellite Software Deal with MDA

In This Article:

https://www.tipranks.com/news/the-fly/descartes-systems-initiated-with-an-overweight-at-stephens

SatixFy Communications (SATX) has released an update.

SatixFy Communications has secured a $9 million deal with MDA Space to provide advanced software and licenses for digital satellite payloads in Low Earth Orbit. This agreement highlights SatixFy’s position as a key player in the satellite communications market, offering cutting-edge technology that supports next-generation satellite constellations. The collaboration aims to enhance MDA Space’s offerings with SatixFy’s innovative space-grade chips and software solutions.

For further insights into SATX stock, check out TipRanks’ Stock Analysis page.