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Aerospace & Defense

NEC wins $190m deal to supply satellite to Vietnam

Export package reveals edge large companies have over startups during crisis

This NEC-developed satellite is scheduled to be sent into orbit in 2023. (Image courtesy of NEC)

TOKYO -- Japanese electronics company NEC has won a 20 billion yen deal ($190 million) to supply a radar satellite to Vietnam, highlighting an advantage traditional players have over startups in these times of economic crises.

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