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0.00119904076738628 0.00119904076738628 0 0.00239808153477234 0.00119904076738628 0.00599520383693054 0.00359712230215841 -0.00119904076738607
Stock impact report

Space Coast gets new player in satellite manufacturing business [Yahoo! Finance]

Mativ Holdings, Inc. (MATV) 
Company Research Source: Yahoo! Finance
An Italian space company has heard the call and opened its first U.S.-based satellite production site on the Space Coast last week. Argotec, headquartered in Turin, Italy, but with offices in Germany and the U.S., cut the ribbon on a $25 million site in Melbourne to produce small satellites. The 5,400-square-foot facility includes offices and an integration and clean room as well as warehouse space. The company looks to produce up to 10 satellites per month. “The opening of our Florida facility marks a major step in Argotec's growth and international expansion,” said CEO and company founder David Avino. “The U.S. is the world's most dynamic and strategically important space market and expanding our presence here means being closer to the demand, speed and scale that are shaping the future of the industry.” The venture in Brevard is already operating with 14 Florida-based employees and several others across the U.S. assigned to work with it. Plans are to double its employment Show less Read more
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