STOCK TITAN

Apex Announces it is Carrying a Payload for Booz Allen as Part of the Aries Call to Adventure Mission

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Apex collaborates with Booz Allen Hamilton on Aries Serial Number 1 Call to Adventure Mission, enabling advanced space domain awareness technology. The partnership aims to revolutionize on-orbit sensors and deep-space capabilities, showcasing rapid satellite development and future edge compute solutions.
Positive
  • None.
Negative
  • None.

Insights

The collaboration between Apex and Booz Allen Hamilton represents a significant milestone in the aerospace industry, particularly in the realm of space domain awareness (SDA). The successful deployment of Booz Allen's payload on the Aries SN 1 mission could signal a shift towards more efficient and autonomous space operations. By focusing on edge computing and computer-vision technologies, this partnership could lead to advancements in how space objects are monitored and managed, potentially reducing the risk of collisions and improving the overall safety of space operations.

From a business perspective, this achievement by Apex, showcasing rapid satellite production capabilities, could attract additional customers looking for quick deployment opportunities. This could result in increased market share and revenue growth for Apex, while also positioning Booz Allen as a leader in space technology solutions. The emphasis on next-generation deep-space sensors may also open up new markets and applications for both companies, further driving economic activity within the sector.

The announcement highlights a growing trend of public-private partnerships in the aerospace sector, which could have broader implications for businesses and investors. The ability to share transport on a single spacecraft like Apex's Aries mission may lead to cost reductions and increased accessibility for companies looking to enter the space industry.

For investors, the success of such missions could influence the valuation of companies like Apex and Booz Allen Hamilton, as they demonstrate their capability to innovate and execute complex space missions. Moreover, the increased focus on autonomous SDA capabilities aligns with the strategic importance of maintaining space situational awareness, which could lead to further government contracts and funding for companies involved in these technologies.

The technical aspects of Booz Allen's software payload, with its emphasis on edge computing and computer-vision for space domain awareness, are particularly noteworthy. The reduction in bandwidth requirements for on-orbit SDA sensors represents a leap in the efficiency of data processing in space.

For the broader technology sector, this could catalyze innovation in edge computing applications beyond aerospace, influencing how data is processed in remote and bandwidth-constrained environments on Earth. Additionally, the rapid design and build timeline achieved by Apex could set a new standard for satellite production, potentially disrupting traditional satellite manufacturing processes and timelines.

Apex has enabled customer payloads on its Aries Serial Number (SN) 1 Call to Adventure Mission.

LOS ANGELES--(BUSINESS WIRE)-- Apex, the Los Angeles-based spacecraft manufacturing company, announced its customer payload for Booz Allen Hamilton (NYSE: BAH) has been successfully enabled as part of the Aries Serial Number (SN) 1 Call to Adventure Mission. Booz Allen’s onboard software payload allows Booz Allen to run diagnostics on the software as it attempts to perform computer-vision tasks at the edge. This is a key technology that will reduce the bandwidth required for on-orbit space domain awareness (SDA) sensors and enable the proliferation of next-generation deep-space sensors in the near future.

“We are excited to have Booz Allen as one of our customers on this first Aries mission. We look forward to continuing the collaboration as both companies push forward the space industry,” said Ian Cinnamon, Chief Executive Officer at Apex.

Apex’s Call to Adventure mission is unique and allows multiple customers to leverage transport on a single spacecraft. Booz Allen, one of the prime customers on the spacecraft, successfully enabled their payload. The collaboration between Apex and Booz Allen is a strong signal to industry by bringing together the best of rapid bus manufacturing with a leading space data solutions provider and integrator for both public and private sectors.

“Booz Allen is thrilled to collaborate with Apex, and excited to be a part of the successful launch of their first Aries bus,” said Michael Johnston, senior vice president and a senior leader in Booz Allen’s Space business. “This joint effort provides Booz Allen with the opportunity to demonstrate space domain awareness AI processing for autonomous applications. Our software payload will test initial capabilities for using a computer-vision solution on edge compute hardware to detect and further characterize resident space objects.”

Apex’s first satellite set a historical record as the fastest design and build of any small production satellite. Typical manufacturers spend years designing and months building, while Apex completed the clean-sheet design, engineering work, full assembly, integration, test, and launch in just 12 months of our 200kg Aries. Apex is currently producing additional Aries busses in 2024, with current lead times of a few months.

As the space domain becomes increasingly contested, degraded, and operationally-limited, ongoing public-private partnership demonstrations are imperative to allow for the rapid deployment of next-generation edge compute SDA capabilities. As the U.S. and strategic competitors move beyond the GEO belt and the Earth’s immediate vicinity, SDA sensors capable of performing autonomously at the edge will become vital.

This joint effort supports Booz Allen’s ongoing initiatives to integrate emerging technologies within space domain awareness mission applications. This collaboration aims to demonstrate Booz Allen’s software, which is being developed to enable next-generation autonomous edge compute SDA sensors aboard spacecraft for critical mission needs across both public and private sectors including safety-of-flight analyses, conjunction assessments, and other SDA-driven activities in deep space.

Ian Cinnamon

press@apexspace.com

Source: Apex

FAQ

What is the name of the spacecraft manufacturing company collaborating with Booz Allen Hamilton on the Aries Serial Number 1 Call to Adventure Mission?

The spacecraft manufacturing company collaborating with Booz Allen Hamilton is Apex.

What is the ticker symbol for Booz Allen Hamilton?

The ticker symbol for Booz Allen Hamilton is BAH.

What technology is Booz Allen Hamilton's onboard software payload enabling on the Aries Serial Number 1 mission?

Booz Allen Hamilton's onboard software payload enables computer-vision tasks at the edge, reducing bandwidth for on-orbit space domain awareness (SDA) sensors.

What record did Apex's first satellite set?

Apex's first satellite set a historical record as the fastest design and build of any small production satellite.

What are the current lead times for producing additional Aries busses by Apex in 2024?

The current lead times for producing additional Aries busses by Apex in 2024 are a few months.

Booz Allen Hamilton Holding Corporation

NYSE:BAH

BAH Rankings

BAH Latest News

BAH Stock Data

16.57B
125.72M
1.56%
93.7%
2.96%
Consulting Services
Services-management Consulting Services
Link
United States of America
MCLEAN