Artist rendition of an Ovzon satellite. Photo: Ovzon

Ovzon signed a contract with SSL, a Maxar Technologies company, for the manufacturing of the company´s first Geostationary Orbit (GEO) satellite. The total investment for the satellite (Ovzon-3) including manufacturing, launch, financing and insurance is estimated to approximately $165.6 million (SEK 1.5 billion).

The satellite features a central On-Board Processor (OBP), developed by Ovzon and already being manufactured by a third party, tied to high performance steerable beams. With the new satellite, Ovzon aims to significantly increase the performance and coverage area of its existing service. The satellite is expected to be completed in 2021 and the launch period with SpaceX has been adjusted accordingly.

“We are very pleased to be able to announce the signed satellite manufacturing contract with SSL. In addition to the significantly increased performance and coverage areas, the satellite will also enable new functionality such as single hop communication between very small terminals and will be a powerful future-proof tool to meet challenging communications requirements. We now continue to strive to further revolutionize mobile broadband via satellite by offering the highest bandwidth through the smallest terminals,” said Ovzon Chief Executive Officer (CEO) Per Wahlberg.