ASX-listed Kleos Space slides on satellite launch delay

Kleos Space SA

29/12/2021 02:45

** Australia-listed shares of Luxembourg-based geolocation
intelligence services provider  KSS.AX  fall as much as 4% to 
A$0.715 
    ** Co says it was informed by its launch services provider,
Spaceflight Inc, of a leak in the propulsion system of the
spacecraft, delaying the planned January 2022 launch of Kleos
Patrol Mission satellites  urn:newsml:reuters.com:*:nASX6vnFZp     
    ** "This delay does not cause a long-term financial impact
to the company, the satellites are undamaged and are expected to
launch with as minimum delay as possible, and most importantly
there is no impact to the revenue generating life of the
mission" - CEO Andy Bowyer 
    ** Shares up 43.3% this year, as of last close 
    


 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))