Sivers Semiconductors AB (publ) (2DG.F) announced that the company has been awarded a new development program by the European Space Agency worth approximately $900,000.
The contract, which will span over 18 months, will support the development of next-generation satellite communication beamforming integrated circuits.
The contract is expected to help the company with continued growth, supporting evolving global market needs while driving the development of next-generation SATCOM technology.
"As the only EU-based commercial provider of mmWave BFICs for SATCOM and 5G, this award reinforces our position as a key player in the European SATCOM ecosystem," said Vickram Vathulya, CEO of the company.
Currently, Sivers's stock is trading at $0.32, down 2.70 percent on the Frankfurt Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.