NewSat signs yet another contract for Jabiru Satellite Capacity

NewSat signs yet another contract for Jabiru Satellite Capacity

Contract worth $US13 million

Australian satellite company, NewSat (ASX: NWT), has signed on yet another contract for its Jabiru Satellite Capacity.

The agreement was made with a US-based satellite communications company for the purchase of $US13 million of Jabiru satellite transmission capacity over the Middle East.

The contract with the existing NewSat teleport customer, as well as a significant supplier to the US Government and large global enterprises spans over three years.

NewSat was unable to disclose the details of the company to maintain confidentiality.

“Satellite bandwidth is scarce across this region, and today they have secured a significant amount of Ka-band capacity to support their future growth requirements,” NewSat founder and CEO, Adrian Ballintine, said.

This new contract takes the total of binding pre-launch contracts for the Jabiru satellite capacity to $US571 million.

It recently acquired an additional $7.5 million from investors, inked a $US32.4 million five-year contract with a Cooperation Council for the Arab States of the Gulf (GCC) company, signed a deal with Asian satellite operator, MEASAT Satellite Systems, engaged a $US67 million, ten-year contract with a Middle Eastern telecommunications provider and nabbed a $4.4 million contract to provide communications services to US military troops stationed in Afghanistan.

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