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IAI announces investment plans for Effective Space

12 September 2018

Israel Aerospace Industries (IAI) announced on 12 September that it has signed an agreement with UK firm Effective Space for financial and technological collaboration in space-based logistics systems.

Under the agreement, IAI is to function as the prime contractor for Effective Space’s Space Drone spacecraft, which is used for the rendezvous and docking of satellite systems. IAI is also working to complete the necessary approvals for an equity investment in the company.

The Space Drone system is initially expected to focus on life-extension work for satellites in geosynchronous earth orbit position, with the first Space Drone spacecraft to be launched in 2020 to help extend the life of two existing satellites.

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