10 April 2018 – contract win
Scisys Deutschland GmbH has been awarded a contract by Airbus Defence and Space for developing the global navigation EGNOS V3 ground segment. Airbus is the prime contractor to the European Space Agency and the European GNSS Agency. EGNOS is Europe’s regional satellite-based augmentation system, used to improve the performance of global navigation satellite systems such as GPS and Galileo. The anticipated contract value is €3.9m. The development stage will start immediately and last until the third quarter of 2020. There will be a subsequent maintenance phase of up to 5 years. This reinforces our view of the high quality of the business. BUY.