Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Axelspace Holdings Corp. ( (JP:402A) ) just unveiled an announcement.
Axelspace’s subsidiary Axelspace Corporation has been selected, alongside six major partners including Mitsubishi Electric and SKY Perfect JSAT, as a successful bidder in Japan’s Ministry of Defense “Satellite Constellation Project,” a private finance initiative to build and operate a constellation that will supply satellite imagery for Japan’s stand-off defense capabilities. As the sole provider of optical imagery in the consortium, Axelspace will supply Earth observation data, operate dedicated ground facilities, and handle related management tasks under a contract expected to run until March 31, 2031, with financial impacts on its current and future fiscal years still under review and to be disclosed if deemed material.
More about Axelspace Holdings Corp.
Axelspace Holdings Corporation, listed on the Tokyo Stock Exchange Growth Market, operates in the space and satellite services industry through its consolidated subsidiary Axelspace Corporation. The group focuses on Earth observation using an optical satellite constellation, providing satellite imagery and related data solutions to a range of industries.
Average Trading Volume: 2,606,480
For an in-depth examination of 402A stock, go to TipRanks’ Overview page.