May 31, 2016 – Oakman Aerospace, Inc., has signed a Strategic Memorandum of Understanding (MoU) and is pursuing a Master Service Agreement (MSA) with NewSpace Systems Pty LTD, South Africa.
Oakman Aerospace, Inc. (OAI) and NewSpace Systems Pty LTD (NSS), global leaders in rapid and responsive space systems and services, will cooperate in evaluating, designing, developing and producing modular, open-systems architecture (MOSA) systems, spacecraft, space components, and mission/payloads for government, commercial, and academic applications and their related technologies, products, services, and mission solutions primarily in the United States, and across the globe.
OAI and NSS signed the MoU on May 30th, 2016. OAI and NSS 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 and future MSA/Task Orders.
“Oakman Aerospace is very excited for this opportunity to work with NewSpace Systems in developing and advancing Modular, open-systems architecture and leveraging the competitive advantage this agreement brings to the United States and world markets. OAI and NSS look forward to providing the best possible engineering products and services for their academic, government, and industry partners,” said Stanley Kennedy, President and Chief Systems Engineer for OAI.
James Barrington-Brown, CEO of NewSpace Systems, said, “With NewSpace’s market leading product solutions for the SmallSat market, widely recognized through a multitude of International sales, it is a logical next step to focus more directly on the most significant SmallSat community, which is in the USA. Given their similarities in size, experience and strategic outlook, OAI makes the perfect partner for our next stage of company investment and growth”