Asia Pacific Satellite Signs 9.5 Billion KRW Contract with LIG D&A for Satellite Onboard Computer Development, Expects 19.8% Revenue Boost
Asia Pacific Satellite has signed a contract with LIG D&A for the development of onboard computers for geostationary orbit weather and space weather satellites.
The contract value is 9.5 billion KRW, representing 19.8% of recent sales of 47.8 billion KRW.
The contract runs from June 2026 to May 2028 and includes an advance payment.
This partnership with defense company LIG D&A is expected to enhance Asia Pacific Satellite's revenue and technical capabilities.
[AI Summary]Asia Pacific Satellite secured a 9.5 billion KRW contract with LIG D&A for satellite onboard computer development, providing a revenue growth driver and likely positive impact on the stock price.