In Science and Space: Ovzon’s first satellite is scheduled to launch between December and February after delivering parts affected by supply chain delays, the Swedish broadband service provider said on August 18. .
The Ovzon 3 satellite can enter the final stages of integration and assembly at the manufacturer’s Maxar Technologies. Maxar Technologies was waiting for parts, including reaction wheels, from supplier Honeywell.
However, Eutelsat decided on a dedicated Ariane 5 mission after it became clear that Ovzon-3 would not be ready in time. The Konnect VHTS will be available on September 6th.
Ovzon leases capacity from his Intelsat and other satellite operators to provide broadband to government customers, primarily in the Americas, Europe, Asia and Africa.
In the third quarter, Intelsat’s $56.2 million pre-capacity contract for Ovzon-3 saw him cut by 5% due to satellite delays. Noren said pre-capacity contracts are likely to adjust another 10% to $47.8 million in the fourth quarter.
Amid growing demand for its services and a “strong relationship and cooperation” with Intelsat, it said the reduction in Intelsat’s upfront capacity “will not impact Ovzon 3’s future earnings.” After the Russian invasion of Ukraine on February 24th, demand for Ovzon’s services increased. “Since the war in Ukraine began, we have been in active dialogue with European, American and international civil and defense organizations,” Noren said.
“It is clear that there is a growing need for high-performance, robust mobile satellite communications for all types of critical missions.” According to Ovzon, his earnings for the three months ended in June saw him increase 135% compared to the same period last year to 78 million Swedish kronor ($7.4 million).
The company reported an operating loss of SEK 8.8 million compared to his SEK 31 million loss in 2021.