Eaton’s high-performance propellant tanks selected by MDA Space for MDA AURORA™ satellite technology

Rhea-AI Summary

Eaton has been selected by MDA Space to provide high-performance propellant storage tanks for the MDA AURORA™ satellite technology. The tanks will store and transfer fuel to satellite propulsion systems in orbit, supporting the transition from analog to digital satellite technology. This technology will be utilized in Telesat's Low Earth Orbit constellation, Telesat Lightspeed, aimed at providing global enterprise-class connectivity. The software-defined MDA AURORA™ product line offers operators enhanced flexibility and functionality while reducing costs and time to market.

Positive

• Contract win with MDA Space for satellite propellant tanks
• Integration into Telesat's LEO constellation project expands market presence
• Reported revenues of $23.2 billion in 2023

Negative

• None.

Insights

Aerospace Industry Analyst

This contract win for satellite propellant tanks represents a strategic advancement into the growing space technology sector. The deal with MDA Space for their AURORA™ digital satellite technology positions Eaton to capture market share in the expanding LEO satellite constellation market, particularly through the connection to Telesat's Lightspeed project. The space industry is experiencing rapid growth, with the satellite propulsion systems market expected to expand significantly. While the specific contract value isn't disclosed, the partnership with MDA Space and indirect connection to Telesat's constellation project suggests meaningful long-term revenue potential. Eaton's $23.2 billion revenue base and established aerospace division provide a strong foundation for expanding their space technology footprint.

Market Research Analyst

The global satellite industry is undergoing a fundamental shift from analog to digital technology, creating substantial market opportunities. The LEO satellite market is projected to grow at a CAGR of over 20% through 2030, driven by increasing demand for global connectivity solutions. This contract positions Eaton in the supply chain of next-generation satellite networks, particularly through the connection with Telesat's Lightspeed constellation. While a single component contract, the strategic value lies in establishing Eaton as a trusted supplier in the rapidly evolving space technology ecosystem, potentially leading to additional opportunities as the sector expands.

• Eaton’s propellant tanks power the propulsion system of MDA AURORA’s new satellite technology, which will extend communication networks to around the globe

CLEVELAND--(BUSINESS WIRE)-- Intelligent power management company Eaton announced it has been selected by MDA Space Ltd. a leading provider of advanced technology and services to the rapidly expanding global space industry, to deliver high-performance propellant storage tanks for MDA AURORA™, an industry-leading product line driving the transition from analog to digital satellite technology.

“As the demand for more advanced and reliable space technologies grows, we are excited to support our customers in expanding network availability and connectivity to underserved areas around the world,” said Kevin McKeown, senior vice president and general manager, Mission Systems Division, Eaton’s Aerospace Group. “We’re confident that our robust propellant tanks designed to endure extreme conditions will power mission success.”

Eaton’s propellant storage tanks will provide secure fuel storage in addition to safe and efficient transfer of fuel to the satellite’s propulsion system during orbit. The MDA AURORA™ supply chain will help support product deliveries for anchor customer Telesat’s Low Earth Orbit (LEO) satellite constellation Telesat Lightspeed. This advanced, innovative global network will bring enterprise-class connectivity to customers worldwide.

Designed to meet the changing technical and business requirements of the satellite industry, the software-defined MDA AURORA™ product line provides operators with unparalleled flexibility and functionality, dramatically enhancing constellation performance at reduced cost and time to market.

Eaton delivers next-generation aerospace technologies to commercial, military and space markets across the globe. Designed to elevate aircraft performance, efficiency and safety, our comprehensive portfolio includes everything from hydraulic, fuel and oxygen systems to air and fluid conveyance, motion control and engine solutions.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241114677330/en/

Katie Kennedy

440-523-4467

katiekennedy@eaton.com

 

Source: Eaton

FAQ

What is Eaton's (ETN) role in the MDA AURORA satellite technology?

Eaton will provide high-performance propellant storage tanks that will store and transfer fuel to the satellite's propulsion system during orbit.

Which major project will Eaton's (ETN) propellant tanks support in 2024?

The propellant tanks will support Telesat's Low Earth Orbit satellite constellation, Telesat Lightspeed, providing global enterprise-class connectivity.

What were Eaton's (ETN) revenues in 2023?

Eaton reported revenues of $23.2 billion in 2023.