Home / M&A Activity / Harris, Dynetics Seek Investors for $250M Satellite Imagery Project; Mike Graves Comments

Harris, Dynetics Seek Investors for $250M Satellite Imagery Project; Mike Graves Comments

SatelliteA team comprising of Dynetics, Harris Corp. (NYSE: HRS) Draper Laboratory and OmniEarth LLC have launched a $250 million venture to develop and operate an 18-satellite constellation that provides Earth imagery, Space News reported Monday.

Debra Werner writes the joint venture will offer multispectral data of the Earth and change-detection systems for clients in the agriculture, oil and natural gas, geospatial, national security and mobile device businesses.

Lars Dyrud, OmniEarth president and CEO, told the publication the team is looking for additional investors to help start the business.

Mike Graves, Dynetics space vehicles technology manager, also told Space News the company designed the OmniEarth satellites and will start building the spacecraft at its Huntsville, Ala.-based facility.

Werner writes Harris will work to market and integrate the satellite with up to 80 kilograms of hosted payloads while Draper will develop OmniEarth’s specifications and systems engineering.

Graves told Space News the satellite is designed to support more than 1.2 gigabytes per second of downlink and 1 terabyte of onboard data storage.

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