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Ovzon selected Maxar Technologies to build a 1,500-kilogram small GEO satellite.
Maxar Technologies won a July contract to provide a satellite for Swedish operator Ovzon based on the Legion satellite bus.
SpaceX’s contract to launch the Astranis satellite followed SpaceX losing a 2021 mission to launch the 1,500-kilogram Ovzon-3 satellite on Falcon Heavy.
Ovzon raised 750 million Swedish krona through a rights issue in January 2019.
Ovzon contracted Arianespace to launch its satellite in 2021 aboard an Ariane 5.
On 2019-08-24 Ovzon exited a preliminary agreement to launch its first fully owned satellite on a SpaceX Falcon Heavy after contracting Arianespace for a 2021 launch aboard an Ariane 5.
Ovzon-3’s launch on Ariane 5 is planned for the second half of 2021.
Intelsat has a $56,000,000 agreement with Ovzon to use capacity on Ovzon-3 following its launch.
Ovzon signed a loan agreement with Proventus Capital Partners in July 2019 for $60,000,000 plus a subordinated loan of 200 million Swedish krona (about $20,800,000).
Ovzon used its financing to finalize a manufacturing agreement with Maxar Technologies in July 2019 to build Ovzon-3 using a Legion-class satellite platform formerly called the SSL-500.
Ovzon announced a Falcon Heavy agreement in October 2018 for the launch of its first fully owned satellite.
Ovzon signed an agreement with Intelsat in April 2019 to use capacity on the Intelsat-39 satellite.
Ovzon reported an after-tax profit of 8.42 million Swedish krona on revenue of 109.3 million Swedish krona for the first six months of 2019.
Ovzon purchased a satellite from Maxar Technologies in December that is projected to weigh around 1,000 kg.
Ovzon purchased its small GEO satellite from Maxar Technologies.
Astranis in San Francisco, GapSat in Hong Kong, and Ovzon in Sweden are planning to launch small GEO satellites in 2020 or 2021.
Ovzon uses leased satellite capacity to deliver a 60/20 megabits-per-second internet service to government, defense, media, and NGO customers equipped with ultra-portable terminals.
SpaceX has a contract to launch Ovzon-3 on a Falcon Heavy rocket in 2021 with a direct injection into geostationary orbit.
Ovzon ordered the Ovzon-3 satellite from Space Systems Loral in December and expects the satellite to have a mass of around 1,000 kg.
Ovzon-3 is expected to cost $166,000,000 including launch and insurance, conditional on full financing.