The Australian Space Agency has signed a statement of strategic intent with Sitael Australia, a designer and manufacturer of satellites, to enhance the competitiveness and capability of Australia’s space industry.
Sitael Australia is a subsidiary of Sitael S.p.A, the largest privately-owned space company in Italy.
Minister for Industry, Science and Technology Karen Andrews welcomed the signing, which occurred during the International Astronautical Congress in Bremen, Germany.
“This signing will further drive Australia’s position in the global space race and assist in growing our share of the world’s space economy, estimated to be worth around US$345 billion,” Minister Andrews said.
“The statement of strategic intent is confirmation of Sitael’s support of Australia’s capability for developing small satellites, investment in operations, ground stations and R&D."
Head of the Australian Space Agency, Dr Megan Clark, said Sitael was committed to the Australian space industry and the broader use of space across a wide range of sectors of the economy.
“We support Sitael’s investment in cutting edge research and development.
“This initiative aims to solve communications challenges that will provide enhanced connectivity, navigation improvements and monitoring of our country and its resources,” Dr Clark said.
According to Nicola Zaccheo, CEO Sitael, the company's strategic purpose to design, build and test small satellites would help to increase the capacity of the Australian space sector.
“Sitael is proud to be part of the growing space ecosystem in Australia, delivering growth and jobs in advanced manufacturing and innovation in cutting edge space technology development.”