Rakon Limited announced its latest contract to supply space subsystems for a new commercial Low Earth Orbit (LEO) satellite constellation. This is the second time Rakon has been selected to supply its Master Reference Oscillator (MRO) subsystems for a new LEO satellite constellation. The contract win reinforces Rakon's position as a top subsystem supplier in the global space industry.

Rakon's MRO subsystems provide highly accurate and stable frequency references, and precision timing that enable satellite communications and synchronisation. The company's ultra-stable oscillator technology also delivers industry-leading reliability and timing holdover (ability to maintain uninterrupted frequency stability and time, during periods when a GPS signal may be unavailable). A top-3 global supplier for its space subsystems, Rakon's growing range of space products has increased its addressable market within the global space industry to $250m.

The company believes it will increase its share of its serviceable addressable market in the next 5 years, largely driven by demand for subsystem products. Rakon has recently released several new products for its space product range, including new GNSS (Global Navigation Satellite System) receivers, MROs, and ultra-stable oscillators. Rakon is also preparing to launch a new, first-of-its-kind semiconductor chip designed for its space oscillator products and will provide an update soon.