Magellan Aerospace (TSE:MAL) has released an update.
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Magellan Aerospace and the University of Manitoba are spearheading the Redwing microsatellite project to monitor space objects, funded by Canada’s Department of National Defence. The project, valued at $15.8 million, aims to maintain space sustainability and includes an additional nanosatellite, LISSA, to enhance space domain awareness. These initiatives represent a collaborative effort between industry, academia, and government to advance space security and exploration.
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