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Third Satellite Contract Won by EADS Astrium in One Month
Amsterdam - Oct 23, 2003 Following an international competition, EADS Astrium in partnership with Alcatel has been selected to build two Arabsat telecommunications satellites. With this new contract, EADS has further confirmed its expertise in the telecommunications satellite domain. Commissioning of the spacecraft is scheduled for 2006. This third contract extends the series of successes achieved by the EADS Space division over the last month. Even before the contract to build two Pleiades Earth observation satellites for the French Space Agency CNES at the beginning of October, EADS Astrium had already signed up to manufacture the HotBird-8 telecommunications satellite for Eutelsat. The EADS Astrium order book now includes a total of 10 satellites. The array of 4 telecommunications satellites represents about 30% of the 2003 market for telecommunications spacecraft. Commenting on this new contract, Philippe Camus and Rainer Hertrich, CEOs of EADS, expressed their satisfaction: "We are delighted with this new success for EADS Astrium. This contract, negotiated with the support of EADS International, confirms both EADS Astrium leadership and global positioning on the market and the validity of our strategy of space industry restructuring and intensified marketing. We are convinced that our space business is well on the track to business success." They added, "These projects are extremely important to the European space industry. They demonstrate that Europe has a major role to play in space activities outside the European marketplace". EADS is the second largest aerospace and defence company in the world with revenues of � 29.9 billion in the year 2002 and a workforce of more than 100,000. Community Email This Article Comment On This Article Related Links Astrium 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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