AAC signs MoU & MSA with Oakman Aerospace, Inc., CO, USA

PRESS RELEASE
October 23, 2013:

ÅAC Microtec signs Strategic Memorandum of Understanding (MoU) and Master Service Agreement (MSA) with Oakman Aerospace, Inc., CO, USA

ÅAC Microtec AB (ÅAC) and Oakman Aerospace, Inc. (OAI), global leaders in rapid and responsive space systems and services announces that they have signed a strategic Memorandum of Understanding (MoU) and associated Master Service Agreement (MSA) to develop and produce Modular, Open-System Architecture (MOSA) systems, spacecraft, space components, and mission/payloads for government, commercial, and academic applications.

ÅAC and OAI signed the MoU on September 10, 2013, which was followed by the MSA and its first Task Order (TO). ÅAC and OAI are actively pursuing a Technical Assistance Agreement (TAA) through the United States Department of State Directorate of Defense Trade Controls (DDTC) to support the MoU/MSA and future TO’s. In the interim, OAI is working under an ITAR Exemption Certification signed by the Department of the Air Force, Foreign Disclosure and Technology Transfer ÅAC’s TechEdSat after deployment from ISS (Photo: NASA) Division, Policy Directorate (SAF/IAPD).

Ulf Sundström, Sr VP Sales & Marketing for ÅAC commenting on the cooperation agreement said, “the collaboration is an evidence that two highly qualified Small and Medium Enterprises from the US and Sweden with unique and complementary competences are committed to create opportunities and provide values to the aerospace market. We are looking forward to jointly servicing our customers with our best solutions.”

Maureen O’Brien, Director of Space Trade and International Affairs for OAI commenting on the MoU/MSA and resulting TO’s said, “Oakman Aerospace and ÅAC Microtec have very complementary products and services that when leveraged in combination will position both companies for future expansion and increased opportunities in the U.S. and international aerospace and defense services markets. These agreements highlight the ability of small companies to do business on the international stage. OAI and ÅAC look forward to providing the best possible engineering products and services to our customers, teammates, and stakeholders.”

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SE-751 83 Uppsala
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