SpiderOak earns contact through US Air Force to test new space communications solution
SpiderOak received approval for a $750,000 contract for Small Business Innovation Research through the United States Air Force in September 2021. Through the contract, SpiderOak will test its OrbitSecure, a lightweight solution for secure space communications on military satellites and ground stations. SpiderOak aims to display OrbitSecure’s security enhancements to expand its use by the US government. The contract follows the company’s previous agreement with the US Air Force in March, 2021, which enabled the company to originally demonstrate its technology to the US Department of Defense.
Balance Sheet|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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