Kongsberg to Acquire AST SpaceMobile’s Majority Stake in Smallsat Developer NanoAvionics
AST SpaceMobile has agreed to sell its majority share in NanoAvionics, a Lithuania-based small satellite mission integrator and bus manufacturer, to Kongsberg‘s defense and aerospace business for approximately $68 million. The deal is anticipated to be completed in the third quarter, subject to customary closing conditions, and to bring about $28 million in net cash proceeds to AST […] More