Israel-based satellite communications provider Orbit announced that it was awarded a $150 million contract by an undisclosed satellite venture for a supply of Ka band satellite systems. Orbit did say that the project will be to a satellite company offering high-speed broadband services to millions of customers.
The contract will see the satellite manufacturer also provide 2,500 antennas, along with customer service for the Ka band system. According to Orbit, it’s already planning and designing the custom specifications required by the client. The new contract brings a boost to the company which has been struggling over the past year to regain its value.
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