Third Satellite Contract Won by EADS Astrium in One Month

SPACEMART

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.

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.

SPACEMART

Loral Accepts Intelsat Bid for Sale of North American Satellites

New York - Oct 21, 2003
Loral Space & Communications has reported that Intelsat, Ltd., was the highest bidder in an auction held today for Loral's North American telecommunications satellites. The winning bid was $1.1 billion. The other bidder at the auction was EchoStar Communications Corporation. Intelsat's bid is subject to approval by the U.S. Bankruptcy Court for the Southern District of New York. The court will consider Loral's motion to approve the sale to Intelsat at a hearing scheduled for Wednesday, October 22.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.