Global defence company Nova Group is maintaining its projections of more than $200 million revenue this financial year with longer-term goals to continue expanding the company's global reach.
A newer focus on space is continuing to diversify the portfolio of the South Australian headquartered company that has invested more than $20 million on eight acquisitions across the globe to cement its footprint.
In South Australia, the company’s new Nova IGS Network is providing space ground connectivity for smallsat operators, with the site now being used by international clients including Tyvak USA and RBC USA. Nova is also in talks with an Italian-based space company wanting to expand its presence in Australia.
Based on a 21 hectare site in Peterborough in South Australia’s mid-north, the site is used to track LEO satellites through customer’s own terminals and Nova has plans to attract further European companies over upcoming years.
A spokesperson for Nova said the company is also planning to use the site as a ground station test bed for emerging Space 2.0 technologies and to support future defence projects. Peterborough provides the vital ground segment element in order to allow satellite operators to downlink/download their data.
Nova Group is marking 20 years in business, with Nova Systems founded by Jim Whalley and Peter Nikoloff and originally offering flight-testing services in South Australia’s capital city of Adelaide. The company has since grown to having 600 employees working on projects around the world including with the Australian Defence Force, United Kingdom Ministry of Defence, Royal Norwegian Air Force and the Republic of Singapore Air Force.
Nova was recently awarded one of four industry leads in the Major Service Provider consortium providing integrated support contracts to the Australia Defence Force over the next 10 years.
The company has taken early steps globally to adopt new practices around COVID-19 in relation to infection control and is proactively undertaking business modelling to assess its potential financial impact.
At this stage, the company still expects to grow in the upcoming financial year, with work continuing on the offshore patrol vessels in Australia and Nova Systems recently winning a $25.9 million Norwegian defence contract to support a maritime helicopter program.
The Adelaide headquartered company first opened an office in the United Kingdom during 2012 before winning its first work within Norway the following year. Its latest contract marks a significant expansion for Nova Norway and a doubling in the size of it Norwegian operations with work already underway.
Nova has also cemented co-founder partnerships this year with the SmartSat Co-operative Research Centre in South Australia and Western Australian based Remote operations for Space and Earth. Plans to establish the now operating SmartSat CRC were led by The University of South Australia and Nova Systems.
Based next to the Australian Space Agency at Lot Fourteen in Adelaide, the SmartSat CRC now has 74 participants contributing $167 million adding to the federal government’s $55 million spend with a focus on advanced SATCOM, connectivity and Earth Observation.
Article by author Belinda Willis, The Lead