Contec in talks to supply 200+ satellite antennas to Blue Origin and KSAT, worth at least 1 trillion won

At a glance

Ground station firm Contec is in talks to supply over 200 satellite communication antennas to Blue Origin and KSAT through its US unit TX Space. The company says the deal could be worth at least 1 trillion won.

Key points

1. 1

   Each antenna is reportedly priced at about 5 to 7 billion won.

2. 2

   Blue Origin and KSAT have each said they plan to order more than 100 antennas.

3. 3

   Contec bought about 5,000 pyeong of land in the US and spent about 12 billion won on an antenna design and manufacturing facility.

4. 4

   Officials from the US Department of Defense and NASA visited the facility for on-site inspections.

Why it matters

If satellite antenna manufacturing grows, Korean companies could play a bigger role in the space equipment market. These figures come from the company, so whether the deals close remains to be seen.