What Happened
Japanese Operator Sees Growth in National Security Market
Sky Perfect JSat has reported a 20% increase in space division revenue and a 21% increase in operating income for the three months ending June 30, driven by the Japanese Ministry of Defense’s Satellite Constellation Project. The company forecasts $125M in revenue from Ka-band GEO satellites in the coming 10 years, as the national security market grows. Sky Perfect JSat recently purchased UK-based Avanti’s Hylas 3 satellite to introduce Ka-band service starting next year. This development was first reported by Space Intel Report.