Pentagon awards $200 million spacecraft contract to private venture York

Pentagon awards 0 million spacecraft contract to private venture York


The S-CLASS platform, designed for missions for a wide variety of government and commercial customers.

York Space Systems

Spacecraft manufacturer York Space Systems won a Pentagon contact worth up to $200 million, announced Thursday, to build experimental satellites for the military’s Space Development Agency (SDA).

Known as the T1DES system, York will build and operate 12 prototype satellites that will test satellite communications from low Earth Orbit, as an addition to the “Tranche 1 Transport Layer” (T1TL) network that SDA is already building. York previously won $328 million as part of a larger contract to build satellites for T1TL.

“We are very appreciative to have the continued trust of SDA in helping to fulfill their vision of the future,” York founder and CEO Dirk Wallinger said in a statement.

York earlier this week announced new private equity ownership and investment by AE Industrial Partners and BlackRock. As CNBC reported on Tuesday, the deal makes York the latest space unicorn – with a valuation over $1 billion.

SDA director Derek Tournear said during a press briefing on Thursday that work on the T1DES satellites will begin shortly, with launches planned for 2025 and the program’s timeline of flight operations extending out to 2031.

Sign up here to receive weekly editions of CNBC’s Investing in Space newsletter.

Tournear explained that T1DES is experimental since the system will attempt to use satellites in low Earth orbit (LEO) to demonstrate communications capabilities currently served by satellites in geosynchronous orbit (GEO).

“There are actually a lot of technical challenges that we need to prove out to show that the technology can be applied from moving it from geosynchronous down to LEO,” Tournear said.

SDA received six bids for the T1DES contract, Tournear noted before declining to comment on the price ranges of the other companies’ bids. At less than $17 million per satellite, Tournear said “the York solution came back to be very affordable.”

The Space Force acquisition group is now focused on building its Transport Layer system, although SDA has already seen supply chain issues from the various companies under contract.

“Every day we continue to chase down gremlins to make sure that we can get the parts and and the labor needed to deliver on time,” Tournear said.



Source

Trump says Makary is out as FDA commissioner, following industry and White House backlash
Business

Trump says Makary is out as FDA commissioner, following industry and White House backlash

Dr. Marty Makary is out as FDA commissioner, President Donald Trump said Tuesday, ending a controversial tenure at the health agency. Makary is “a wonderful man and he’s going to be off, and the assistant, the deputy, is taking over temporarily,” Trump told reporters on Tuesday. He added, “He’s going to go on, and he’s […]

Read More
The summer box office is off to a hot start as weekend ticket sales top 0 million
Business

The summer box office is off to a hot start as weekend ticket sales top $160 million

The summer box office is off to a sizzling start — and it’s only getting started. Over the weekend, domestic ticket sales topped $161 million, a nearly 88% improvement over the same three-day frame in 2025. Disney and 20th Century Studio’s “The Devil Wears Prada 2” led the pack, adding $41.6 million during its second […]

Read More
Laid off GM employees describe ominous meeting, AI and severance
Business

Laid off GM employees describe ominous meeting, AI and severance

DETROIT — An ominous email about an oddly timed 15-minute virtual meeting. A scripted message from human resources. And an abrupt end to that meeting, as well as their job. That’s how several General Motors employees who were laid off Monday by the Detroit automaker described their jobs being terminated to CNBC. “No appreciation or […]

Read More