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Ovzon expects the Intelsat General Communications pre-capacity commitment to be reduced by an additional 10 percent in the fourth quarter, resulting in an amount of $47,800,000.
The Ovzon 3 communication platform will offer secure connectivity in a wide range of conditions.
Ovzon has a launch timeframe for Ovzon 3 between December 2022 and February 2023, contingent on successful tests and completed logistics and coordination.
Ovzon expects Intelsat’s pre-capacity commitment to be adjusted down another 10% in the fourth quarter to $47,800,000.
Ovzon reported revenues of 78 million Swedish Krona for the three months to the end of June, a 135% increase compared with the same period last year.
Arianespace had planned to fly Ovzon 3 earlier in 2022 on an Ariane 5 rocket alongside Eutelsat’s Konnect VHTS satellite.
Ovzon’s first satellite, Ovzon 3, is set to launch between December and February following the delivery of parts delayed by supply chain issues.
In the third quarter, Intelsat’s $56,200,000 pre-capacity commitment for Ovzon 3 was reduced by 5% because of the satellite’s delay.
Ovzon reported an operating loss of 8.8 million Swedish Krona for the three months to the end of June, compared with an operating loss of 31 million Swedish Krona in 2021.
Maxar is producing a Legion-class geostationary satellite for Ovzon.
Ovzon will launch its first owned satellite, Ovzon 3, later in 2022.
The renewal does not include all critical SATCOM-as-a-Service solutions Ovzon provides to the UK Government, and those solutions are expected to be renewed later in 2022.
Since early 2022, Ovzon provides SATCOM-as-a-Service to the Italian Fire and Rescue Service.
Ovzon’s strategy includes expanding and creating a portfolio of new applications on top of its core offering Ovzon SATCOM-as-a-Service.
Ovzon originally planned to launch Ovzon-3 on a SpaceX Falcon Heavy before selecting Arianespace in 2019.
Arianespace had been preparing to launch Ovzon-3 alongside Eutelsat’s Konnect VHTS on an Ariane 5 mission.
Launching Ovzon-3 on a dedicated Ariane 5 mission would require dropping another Ariane 5 customer and would leave a large amount of unused capacity on the rocket.
Ovzon is negotiating with other launch providers in addition to Arianespace to secure a 2022 launch for Ovzon-3.
Ovzon expects its other critical SaaS solutions provided to the U.S. Department of Defense to be renewed later in 2022.
The SATCOM-as-a-Service renewal does not include other critical SaaS solutions that Ovzon provides to the U.S. Department of Defense.