Kleos Space S.A. (ASX:KSS) has recognised €900,000.00 of previously deferred revenue after its Vigilance Mission (KSF1) entered the operational phase and reliably delivered data.
The space-powered defense and intelligence technology company has four satellite clusters, the Scouting Mission, the Vigilance Mission, the Patrol Mission, and the Observer Mission.
They are monitored for factors such as satellite health status, technological resources, and industrial relations.
Kelos Space S.A. CEO, Alan Khalili says it expects more contracts and revenue as they bring its Patrol Mission (KSF2) satellites into operational phase.
Following the announcement, shares of Kleos Space S.A. went up 3%.