Page 10 - hisdeSAT annual report 2016
P. 10

PRESENTATION



                       OF THE


        2 016          FISCAL YEAR


         ANNU AL REPOR T             2016 has been a complex year for the    city of our Armed Forces operations and




                                     company, during which some important
                                                                             deployments in various geopolitical sce-
                                                                             narios, and Hisdesat continues to respond
                                     future challenges needed to be faced.
                                     Important decisions that were necessary
                                                                             to these needs by promoting new develo-
                                     for resolving the start of operations of the
                                                                             pments through R&D investment.
                                     the signing of a 2017 launch contract with
                                                                             receive the support of the Spanish Minis-
        •                            PAZ satellite have been taken, leading to   In this context, Hisdesat has continued to
                                     the US company Space X. Although it is   try of Defence and the Armed Forces, as
        HISDE S AT                   the uncertainties around the PAZ project,   the main users of and ambassadors for our
                                     good news that we were able to resolve
                                                                             system both nationally and internationally,
                                     it is also true that this has had a very sig-
                                                                             thereby expanding our geographical scope
                                     nificant impact on our financial results for
                                     the year, a challenge that we were able to   of action. True to our international voca-
                                     deal with thanks to the financial and cor-  tion, we are also supporting the Spanish
                                     porate strength of the company.         Ministry of Defence in its tireless efforts re-
      10                                                                     lated to the new NATO capability package
                                     During this year, the company has worked   tender, planned for the end of this decade.
                                     intensively on the definition of a new go-  At the same time, our commitment to the
                                     vernment satellite communications pro-  European GOVSATCOM initiative, led by
                                     gramme, in order to assure continuity of   the Spanish Ministry of Defence, has been
                                     service  beyond  2021  and  the  end  of  the   absolute and we continue working towards
                                     useful life of the current generation of   establishing agreements with allied and
                                     satellites. Xtar-Eur and SpainSAT, our two   friendly countries that could potentially be
                                     communications satellites, continue to   incorporated into our system. On a similar
                                     operate  optimally  and  are  providing  the   note, I would like to highlight two important
                                     secure communications services required   studies led by Hisdesat: firstly the feasibili-
                                     by our national and international clients. In   ty study of the GOVSATCOM initiative ma-
                                     accordance with the requirements of the   naged by the European Defence Agency
                                     General Staff of Defence and the General   (EDA), and secondly the “Potential Uses
                                     Directorate of Armaments and Materiel,   of High Capacity Satellite Systems” study
                                     the new programme is designed for mis-  commissioned by NATO.
                                     sions with X, Ka and UHF band capabilities
                                     and integrates innovative new generation   In terms of Earth Observation, we were
                                     elements that will put us at the technolo-  not able to carry out the planned launch
                                     gical and operational level of other impor-  of the PAZ satellite due to factors beyond
                                     tant countries and aerospace operators.   our control. To put an end to these accu-
                                     Military communications are an essential   mulated delays, the company decided to
                                     part of the Command and Control capa-   hire the US company SpaceX to put our
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