AAC Clyde Space: EPS-Sterna Contract Raised to >EUR70m - Redeye
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AAC Clyde Space: EPS-Sterna Contract Raised to >EUR70m - Redeye

Redeye is positive to AAC’s press release today, which states an expected order value of more than EUR70m for the 20 microwave radiometers in the EPS-Sterna project. The expected order value surpasses the previously communicated ~EUR60m, which is largely reflected in our forecast. Since the finalization of the order and the timing effects of recognition are still uncertain, we are not making any immediate adjustments to our forecast but see potential for additional upside.

Redeye is positive to AAC’s press release today, which states an expected order value of more than EUR70m for the 20 microwave radiometers in the EPS-Sterna project. The expected order value surpasses the previously communicated ~EUR60m, which is largely reflected in our forecast. Since the finalization of the order and the timing effects of recognition are still uncertain, we are not making any immediate adjustments to our forecast but see potential for additional upside.
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