Northrop Grumman ‘s spacecraft docked successfully with an active Intelsat satellite to provide service and extend its life. Northern Sky Research, a satellite consulting firm, estimates that the market for satellite servicing and life extensions is a $3.2 billion opportunity over the next decade. The firm forecasts that there is demand for servicing upward of.
Market Gossip: Northrop Grumman’s satellite servicer, MEV-2, about to dock at Intelsat’s 10-02 satellite
Northrop Grumman‘s second servicing satellite, MEV-2, approaches Intelsat’s 10-02 satellite readiness for a docking attempt. According to the Philadelphia-based satellite industry consultant Northern Sky Research(NSR) research, the GEO servicing missions will grow to about seventy-five satellites by 2030. These life-extension missions are valued at approximately $3.2 billion cumulative market potential. [NSR] reveals that’s in the.
MEV-2 is also not moving its satellite to a different orbit like MEV-1 did; instead it will act as a new engine and fuel tank to extend the spacecraft’s life. Demand for GEO life extension missions will grow to 75 satellites by 2030, according to a recent Northern Sky Research (NSR) forecast, representing a $3.2.