Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSSY.L Share News (SSY)

  • There is currently no data for SSY

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

SCISYS Wins Operations Contract For Geostationary Weather Satellite

Mon, 14th Apr 2014 06:42

LONDON (Alliance News) - SCISYS PLC said Monday it has won an operations contract with GMV Aerospace and Defence for the Mission Operations Facility of a new geostationary weather satellite.

The supplier of bespoke software, IT and support systems to the media, broadcast, space, government and defence sectors, said the contract with GMV Aerospace and Defence will see it deliver the Mission Operations Facility for EUMETSAT's upcoming geostationary weather satellite, Meteosat Third Generation.

Under the terms of the deal, SCISYS will be responsible for the integrated Mission Planning and Automation system together with associated Operations Preparation and Archiving functions.

The company said the expected value of the contract is around EUR1.8 million over the next six years, commencing in the current reporting period.

SCISYS will use two applications to provide a highly integrated operations workflow from mission planning to spacecraft control, it said, with the system designed to provide cohesive management of operations delegated to the spacecraft's on-board schedule.

SCISYS has worked for EUMETSAT on the previous generations of European geostationary weather satellites, with the latest contract continues its working relationship that now spans over 20 years.

"We have been working hard to get into the METEOSAT III meteorological ground segment business with EUMETSAT. This contract ensures SCISYS have a foothold in MTG ground segment and in core EUMETSAT business for many years. It continues the close cooperation between our companies over a number of years, based on a mutual, sound, technical approach," said Dr. Horst Wulf, Divisional Director Space of SCISYS.

Shares in SCISYS last traded at 92.5 pence per share.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance

Copyright © 2014 Alliance News Limited. All Rights Reserved.

More News
4 Jun 2015 11:30

LONDON MIDDAY BRIEFING: Johnson Matthey Hit By Mixed Outlook

Read more
4 Jun 2015 10:47

WINNERS & LOSERS: EasyJet Rises On Strong May Traffic Statistics

Read more
4 Jun 2015 08:47

Scisys posts profit warning after project complications and weakness of the euro

Computer software group Scisys warned its profits in 2015 will be lower than expected after experiencing difficulties in its enterprise solutions and defence division and the weakness of the euro. The group said that since entering into the system integration phase, it realised that the size and com

Read more
4 Jun 2015 07:23

LONDON MORNING BRIEFING: Horse Hill Companies Shares Suspended

Read more
4 Jun 2015 06:55

Scisys Issues Profit Warning On Problem Project And Euro Weakness

Read more
31 Mar 2015 08:34

Scisys Secures Second Framework Agreement Worth GBP6 Million With BBC

Read more
26 Mar 2015 12:51

LONDON MIDDAY BRIEFING: Volatility Returns As Saudi Arabia Strikes

Read more
26 Mar 2015 11:56

UK WINNERS & LOSERS: LSE Shares Drop As Borse Dubai Sells Stake

Read more
26 Mar 2015 09:22

Scisys full-year revenues drop as euro weakens but profits rise 67%

Scisys, the computer software and services company, said it improved profits during 2014 but revenues were lower than expected due to a strong sterling and concerns around public funding. Revenues declined 5.3% to £40.3m, but profits before tax rose 67% to £3m. As a result, earnings per share jumped

Read more
26 Mar 2015 08:55

Scisys Shares Down Despite 2014 Profit Rise As It Guides A Flat 2015

Read more
23 Jan 2015 17:23

Scisys Puts In Place GBP100,000 Share Buy-Back Programme

Read more
7 Oct 2014 06:44

SCISYS Extends Contract With Royal National Lifeboat Institution

Read more
24 Sep 2014 09:31

SCISYS Confident For Full Year As Lower Costs Boost Profit

Read more
24 Sep 2014 05:26

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
23 Sep 2014 15:06

UK Earnings, Trading Statements Calendar - Week Ahead

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.