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Alcatel And Finmeccanica Finalise Creation Of New Joint Ventures
Rome, Italy (SPX) Jul 05, 2005 Alcatel and Finmeccanica announced last Friday the successful creation of two new joint ventures effective as of July 1st 2005: Alcatel Alenia Space and Telespazio Holding. The creation of these two new companies represents a great opportunity for their growth. Their common objectives will be to consolidate leadership in telecommunication satellite systems and services, to acquire a strong position in the most important European programs, such as Galileo and GMES, and to strengthen space defence and security, as well as observation, exploration and science. Alcatel Alenia Space, of which Alcatel holds 67% and Finmeccanica 33%, now combines the activities of Alcatel Space and Alenia Spazio. It focuses on the design, development, and manufacturing of space systems, satellites, payloads, orbital infrastructures and space transportation, instruments and associated ground systems for civilian and military applications. The operational headquarters of Alcatel Alenia Space are located in Cannes, France, with plants in France, Italy, Belgium and Spain. With estimated 2004 sales of 1.8 billion euros and around 7,200 employees, it is the European leader in satellite systems. Telespazio Holding, of which Finmeccanica holds 67% and Alcatel 33%, combines Telespazio with Alcatel Space Services and Operations activities. It concentrates on operations and services for satellite solutions, which include control and exploitation of space systems as well as value-added services for networking, multimedia and earth observation.
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