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Finmeccanica Signs 775 Million Euro Satellite Deal With Italian Space Agency
Milan (AFP) Dec 22, 2004 Italian defence group Finmeccanica said Wednesday its unit Alenia Spazio has signed a 775 million euros (1.037 billion dollars) contract with the Italian space agency to supply four satellites for civil and defence uses to observe the earth. Alenia is leading a consortium building the system that includes another Finmeccanica unit, Telespazio, as well as a number of small and medium-sized Italian companies, it said. The 775 milion euros contract covers the first three satellites and foresees a further 116 million euros for the fourth satellite, it said. The contract is funded 620 million euros by the ministry for education, universities and research and 155 million by the ministry for defence, it said. The first of the satellites will be launched in the last quarter of 2006, and the system will be fully operational at the end of 2008, it said. Community Email This Article Comment On This Article Related Links SpaceDaily Search SpaceDaily Subscribe To SpaceDaily Express The latest information about the Commercial Satellite Industry
Stratos Steps Closer To Xantic Acquisition
Bethesda MD (SPX) Jan 5, 2006Stratos Global recently announced it had taken a step closer toward the completion of the acquisition of Xantic, having received positive advice from the Works' Council in the Netherlands, and executed a definitive agreement to purchase Xantic from KPN and Telstra Corporation. |
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