Australia's Kleos Space SA rises on contract for third satellite cluster launch

Kleos Space SA

08/03/2021 24:02

** Shares of Kleos Space SA  KSS.AX  rise as much as 3.3% to
A$0.630, snapping two straight sessions of losses 
    ** Satellite infrastructure platform developer says it
signed a contract with rideshare provider Spaceflight Inc to
launch its third satellite cluster, KSF2 Polar Patrol Mission 
 urn:newsml:reuters.com:*:nGLF72swtM
    ** Says contract to launch the satellite cluster in December
2021, aboard a SpaceX Falcon 9 rocket
    ** Says the satellites will enhance detection of illegal
activity, including drug and people smuggling, illegal fishing
as well as border and security challenges
    ** Stock has risen 17.3% this year, as of last close
    
  

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))