The contract includes the procurement of Al Yah 4 and Al Yah 5 advanced satellites and confirms the Capacity and Managed Services Mandate awarded to Yahsat in September 2023.
Expected to launch in 2027 and 2028, these missions are part of the satellite procurement programme worth $1.1bn.
Airbus will design and manufacture both satellites and will also provide ground control segment components.
Yahsat's anticipated future revenue surged to $6.9bn, which is 15.7 times its revenue from the last 12 months, marking a significant increase from the figures at the end of 2022.
The new mandate will replace two current agreements, which come to an end in November and December 2026, respectively.
On an annualised basis, the group is on track to deliver a dividend of at least $4.48 cents per share, equivalent to $109m in total for the full 2023 financial ...
Yahsat's revenue during the three-month period grew to $100m, up nearly 2% from about $26.96m in Q1 2022.
The company attributed its revenue growth to the performance of its managed solutions business, which serves the requirements of the UAE government, including related bodies and entities.
The company has raised its projected revenues for 2022 to at least $420m, keeping the upper end of the range unchanged at $440m.
The launch of new satellites presents significant growth opportunities across YahsatÂ’s business, and will further bolster contracted backlog and secure long-term financial outlook.
