York Space Systems is an aerospace company specializing in the rapid and affordable production of complete space mission solutions, including spacecraft platforms. They manufacture satellites for low-Earth orbit (LEO), geosynchronous equatorial orbit (GEO), and cislunar missions, offering end-to-end services from mission design to operations. York's key products are their S-CLASS and LX-CLASS spacecraft platforms, designed for ISR, remote sensing, weather, and communication missions, serving government and commercial clients like the Space Development Agency (SDA).
All verified mentions of this organization in source documents.
York Space was acquired by a private equity firm and had a market value of $1.12 billion, which was more than three times Terran Orbital’s valuation at the time.
Terran Orbital had an approximate $350,000,000 market capitalization while York Space sold for roughly 3.2 times that valuation to private equity.
Skyloom is working with Honeywell to supply optical terminals for York Space Systems satellites.
Funds and accounts managed by BlackRock Private Equity Partners will invest alongside AE Industrial in the transaction to acquire a majority stake in York Space Systems.
York Space Systems has approximately 165,000 square feet of satellite manufacturing space across the Denver area.
York Space Systems’ newest facility in the Denver Tech Center provides the firm with the capacity to produce more than 750 satellites per year.
Dirk Wallinger founded York Space Systems in 2012 and will continue to lead the company as CEO.
York Space Systems serves government and commercial customers including the Space Development Agency for Tranche 0 and Tranche 1 of the SDA Transport Layer.
York Space Systems will provide 12 satellites and supporting capabilities for the Tranche 1 Demonstration and Experimentation System.
The T1DES agreement with York Space Systems has a total potential value of approximately $200,000,000.
The Space Development Agency awarded York Space Systems a contract worth up to $200,000,000 to build and operate 12 satellites with experimental military communications payloads.
York Space Systems is producing 42 of the Tranche 1 Transport Layer satellites under a $382,000,000 contract.
The contract awarding York Space Systems was signed on 2022-09-30 and publicly announced on 2022-10-06.
Lockheed Martin and Northrop Grumman will supply the remaining Tranche 1 Transport Layer satellites not produced by York Space Systems.
The 12 York-built satellites will be part of the Tranche 1 Demonstration and Experimentation System (T1DES).
York Space Systems and Lockheed Martin each won contracts in August 2020 to supply 10 satellites for the Transport Layer Tranche 0.
York Space Systems has more than $1,000,000,000 in backlog of contracts to date.
York Space Systems is selling a majority stake in the company to private equity firm AE Industrial Partners at an enterprise valuation of $1,125,000,000.
York Space Systems maintains multiple facilities with about 165,000 total square feet of manufacturing space.
York Space Systems manufactures spacecraft buses, the main structure and body of a satellite.