Fleet Space Technology, a mini-satellites company that has just won its first defence industry contract, has stomped on the high inflation which has been a scourge across dozens of industries.
The space company, which uses nano-satellite systems in space to help lithium and rare earth mineral companies speed up exploration for new deposits, has secured its new $6.4 million contract with Australia’s Defence Space Command agency. Defence Space Command was set up 14 months ago.
