The Satellite Applications Catapult, Horizon Technologies, and Virgin Orbit Accelerate the UK Small Satellite Market with a New Launch Agreement for Cornwall 2022

LauncherOne ignites after being dropped from Cosmic Girl. (Credit: Virgin Orbit)

DIDCOT, UK (Satellite Applications Catapult PR) The Satellite Applications Catapult (“the Catapult”) and Virgin Orbit (“Virgin Orbit”, Nasdaq: VORB), a leading launch provider, have announced an agreement to launch the latest satellite in the Catapult’s In-Orbit Demonstration (IOD) programme into space from the United Kingdom later this year.

The satellite, called Amber-1, is a partnership between the Catapult and Horizon Technologies. Built by AAC Clyde Space in Scotland, it will be launched by Virgin Orbit’s LauncherOne on its historic flight from Spaceport Cornwall this year – a mission that is expected to mark the first ever orbital launch from a United Kingdom spaceport.

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AAC Clyde Space Quarterly and Full Year Results

2022-02-17 AAC Clyde Space AB (publ)

Fourth quarter, October-December 2021 (compared with October-December 2020)

  • Net sales increased 116% to SEK 62.1 M (28.7)
  • · Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted to SEK -1.0 M (-10.9) and to 0.0 M (-1.6) excluding non-recurring personnel costs of -1.0 M (-1.7) and acquisition costs of 0 M (-7.6)
  • Earnings before interest and tax (EBIT) amounted to SEK -8.0 M (-13.2)
  • The loss after tax was SEK -8.3 M (-13.4)
  • Basic and diluted earnings per share amounted to SEK -0.04 (-0.14)
  • Cash flow from operating activities totalled SEK -1.7 (-11.7)
  • The order backlog increased 161% to SEK 407.2 M (156.3)
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