Astroscale's US subsidiary recently secured a $25.5 million contract from the US Space Force to develop a satellite refueler for geostationary orbit. Combining this with a contract awarded by the Japanese Ministry of Defense for a prototype satellite, the company is actively pursuing defense-related opportunities. Astroscale has shown promising capabilities, demonstrated by their ADRAS-J mission. With a substantial financial backing, they aim to expand their portfolio amidst rising government demand for satellite servicing and defense projects.
We are very bullish on the prospects for defense-related business," said Nobu Matsuyama, Astroscale's chief financial officer.
Astroscale's demonstration with ADRAS-J showed it can safely operate near another object in space without navigation aids, which is foundational to any of these applications.
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