Brief: Creotech Instruments Says ESA Accepts Partial Completion Of CAMILA Project Milestones
19/12/2025 06:21
Dec 19 (Reuters) - Creotech Instruments SA CRI1.WA: SAID ON THURSDAY THAT THE EUROPEAN SPACE AGENCY (ESA) HAS ACCEPTED PARTIAL COMPLETION OF MILESTONES 2, 3 AND 3A IN ITS CAMILA PROJECT ESA ACCEPTS COMPLETION OF MILESTONES AT 70% LEVEL COMPANY IS ENTITLED TO REMUNERATION OF 4.8 MLN EUROS FROM ESA FOLLOWING THE ACCEPTANCE ABOUT 58% OF REMUNERATION IS DUE DIRECTLY TO COMPANY, REST FOR SUBCONTRACTORS COMPANY TO REPORT SEPARATELY ON COMPLETION OF REMAINING 30% OF MILESTONES Source text for Workspace: nEM3gzk2pa Further company coverage: CRI1.WA (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
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