NSIL, Arianespace sign MoU for long-term partnership to support satellite launch missions
The MoU aims at establishing a long-term partnership between the two companies to meet the global commercial satellite launch service market needs, NSIL said.
NewSpace India Limited (NSIL), the commercial arm of ISRO, and French satellite launch company Arianespace have signed a Memorandum of Understanding for a long-term partnership to support satellite launch missions.
NSIL is a Government of India company under the Department of Space (DoS).
The MoU aims at establishing a long-term partnership between the two companies to meet the global commercial satellite launch service market needs, NSIL said.
It said as part of MoU, the heavy lift launch vehicle LVM-3 of NSIL/ ISRO and Ariane-6 of Arianespace would address global launch service market needs, meeting the demand for launching heavier communication or earth observation satellites as well as satellites for mega-constellations.
Global launch service market assessment for the decade indicates huge demand for launching satellites in GTO (Geosynchronous Transfer Orbit) and in LEO (Low Earth Orbit).
Catch the latest stock market updates here. For all other news related to business, politics, tech and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.