WASHINGTON — Finnish satellite manufacturer ReOrbit has signed a contract with asset-financing company SLI for two small geostationary orbit communications satellites.
ReOrbit announced March 19 that it reached an agreement to sell two small GEO satellites to SLI for a combined value of 150 million euros ($172 million). The first satellite will be delivered in 2029 and the other four months later.
The satellites each weigh less than 1,000 kilograms and will have Ka-band software-defined payloads, Sethu Saveda Suvanam, chief executive of ReOrbit, said in an interview. Each will be optimized for specific use cases with a 10-year lifetime.
