U.K.-based Horizon Technologies is teaming up with Richard Branson's launch and space solutions company Virgin Orbit, the companies announced on Tuesday.
Horizon, which provides space-based maritime domain awareness through signals intelligence, has tapped U.S.-based Virgin Orbit to become its preferred launch partner. Horizon will use Virgin Orbit's LauncherOne’s for at least five launches.
Also under the deal, Virgin Orbit will take an equity stake in the company, and will appoint a company representative to Horizon’s board of directors.
“With this agreement with Horizon we continue to turn vision into reality for our customers looking to better build out their businesses and serve life here on Earth,” said Virgin Orbit CEO Dan Hart. “With systems already known to help combat everything from illegal fishing to smuggling and trafficking, we are excited to partner with Horizon Technologies as we further our mission of opening space for good.”
“We are thrilled to have to have Virgin Orbit join us as an investor and partner. Our plan to be the world’s leading provider of maritime intelligence provides synergy with Virgin Orbit’s broader space solutions strategy,” said Horizon CEO John Beckner. “As a UK SME, with strong support from the UK Government and, in particular, the Royal Navy as our lead customer, this agreement aligns perfectly with both companies’ goals for the future, and for the benefit for the planet.”