York Space Systems (NYSE: YSS), a leading, US-based national defense and commercial prime providing a comprehensive suite of mission-enabling solutions, and Terma, a leading space, defense, and security technology company, are pleased to announce a long-term strategic partnership to provide rapid manufacturing of space solutions. This collaboration unites the mission expertise of York and Terma to bolster the high-rate manufacturing and delivery of mission capability for our customers.
This partnership represents an important step in expanding our presence in the space market. As the industry continues to become increasingly global, we are broadening our customer base, strengthening our industry relationships, and creating new opportunities to support the evolving needs of the space market.
“Terma’s technical expertise and proven ability to deliver mission-critical systems make it a strong partner as York expands into the European market,” said Dirk Wallinger, CEO of York. “This partnership advances our broader strategy to bring York’s proven, turnkey space ecosystem to customers in Denmark and across Europe. We see significant opportunity for growth in the region, where our delivery experience, manufacturing scale, and highly competitive pricing position us to meet expanding demand.”
“Our relationship with York has grown through close collaboration and a shared commitment to provide reliable solutions for satellite constellations at scale. This agreement gives our teams a stronger foundation to plan ahead, respond to new mission requirements, and identify where Terma and York can add the most value,” says Mats Warstedt, Senior Vice President, Space, Terma.