AAC Clyde Space (AAC.ST) said it has been awarded 4.7 million Swedish kronor from the ESA Phi - Lab Sweden programme to develop the foundation for its next - generation on - board computer. The work will be carried out by AAC Clyde Space in Uppsala together with its subsidiary Spacemetric in Sollentuna and the KTH Royal Institute of Technology in Stockholm.
The company noted that the project builds on its flight - proven Sirius computer family and prepares the introduction of Sirius EDGE, a new AI -ready platform for small satellites and UAVs. The project runs until the fourth quarter of 2026 and will deliver a laboratory demonstrator for Sirius EDGE.
''With Sirius EDGE, we are preparing technology that will help satellites make decisions faster and operate more efficiently,'' said Luis Gomes, CEO of AAC Clyde Space.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.