(Alliance News) - Officina Stellare Spa announced Wednesday that it has signed two contracts with Leonardo Spa to supply a compact ultra-high resolution multispectral optical system intended for the PLATiNO3 mission and a medium resolution hyperspectral optical system intended for ASI's PLATiNO4 mission.

"The objective of the missions is to provide both spatial and spectral high-detail images of the Earth's surface by means of innovative and compact instrumentation so as also to support, in an evolutionary way, future ASI optical missions and to provide images for environmental and land monitoring," the company explained in a note.

The contracts, with a duration of about 14 months and a total value of about EUR3.8 million, provide for the design study and fabrication of space telescopes used by payloads under Leonardo's responsibility, for the PLATiNO3 and PLATiNO4 missions, promoted and funded by the Italian Space Agency.

On Tuesday, Officina Stellare closed 4.8 percent in the red at EUR12.85 per share.

By Claudia Cavaliere, Alliance News reporter

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