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Contract Type
contract
EnergyOil And Gas
Description
Space42, the recently formed UAE-based SpaceTech company, has signed an AED 18.7 billion ($5.1 billion) contract with the UAE Government to provide critical and secure communication services for a further 17 years. This contract makes up a significant majority of Space42’s AED 26 billion ($7.1 billion) backlog of contracted revenues.
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months