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The -- of the space shuttle program has been grounded.
But hosted payloads or satellite piggyback -- into space may be the future of commercial space business.
just announced the largest hosted payload deal in history and here to tell us about the deal and why we should care.
Is bill got -- Harris Corp.
Built they should be -- us before we take this any further we should explain exactly what this piggy backing it.
So -- payload is basically when you have a satellite that's going up in orbit.
And it has access size weight and power basically some room on -- you can put an additional mission.
On that satellite and allow -- to have more capability and from the financial world it allows an additional revenue stream or another way to provide capability in space.
So this little -- Is basically just hitch -- a ride on a satellite and sending almost entirely different information back to planet earth.
That is correct -- this type of world we -- transforming aviation industry by providing global surveillance of all aircraft.
Around the world time instantaneously.
It's what that allows us to do is allow the airlines to fly optimal right.
Routes and also allow them to have costs -- savings as well as fuel savings and lowers the carbon footprint.
So -- -- helping the air traffic control industry -- and you're saying that since the space program is grounded you're actually busier now.
Yes we are MySpace business where have been growing at 30% per year just takes innovation to take she's doing things a little bit differently.
You have to actually look at how to do things more affordable you care affordability all over of the media.
And basically by doing these kinds of things -- posted payloads are getting the benefit of having an arrive at our exist and you can do things a lot cheaper.
Right CR must be here well -- are being more efficient than what the government was doing.
Yes it's interesting to watch -- commercialization has taken place and space over these last few years.
Obviously there's an initial investment by the government NASA.
And the defense department of made a lot of investments at this point we're commercializing space is that allows us take those things we've learned over the past.
Decades and now climate commercialize and and produce -- very cheaply.
-- worry I mean where we're constantly hearing about cuts the defense program.
Department of Defense right -- huge purchaser of this kind of stuff do worry that's gonna her business going forward.
It is possible but what they stay still have needs they actually have missions that need to be done.
They just wanna be done in a more affordable manner and that's where the system payloads and different things we are trying to bring to market -- We're basically -- -- more for less money.
You are hiring for this aren't you.
We actually are looking at their assessing a hiring but we -- looking at what it takes to -- it is who we are growing.
And obviously we looked at staffing during those times were -- Series a potential first space center where the company's going right now mean is this where you're looking to tips poured into the future.
Yes Hearst Corp.
from the ground sites we do in the services we provide via satellites as -- -- space -- assets.
As a battle one billion dollar business of -- And so we are looking to expand that we also and these kinds of deals we're looking at taking other partners such as our our com division.
And other places we can use.
-- space assets right to further business kids -- sap.
Look at on I love how private industries and a need in -- coming out to fix it no reliance on the government anymore sir thank you very much.
Thank you for having us.
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