spacetoday.net: space news from around the webin association with SpaceNews


EADS records 1st quarter loss for space division
Posted: Wed, May 7, 2003, 10:14 AM ET (1414 GMT)
The space division of the European Aeronautic Defence and Space Company (EADS) recorded a loss in the first quarter of 2003 and plans to take restructuring charges for the division later this year. The space division, which now includes 100 percent of satellite manufacturer Astrium, recorded revenues of 403 million euros (US$459 million) in the quarter, down from 426 million euros (US$486 million) in the same quarter of 2002; the company said the retirement of the Ariane 4 booster was largely responsible for the decline. The company recorded a pretax loss of 21 million euros (US$24 million) for the quarter, down from a 33 million euro (US$38 million) loss in the first quarter of 2002. The company announced Tuesday that it plans to take 280 million euros (US$319 million) in charges in later quarters to pay for the restructuring of the space division. EADS is still planning for the space division to become profitable again in 2004.
<<previous article   next article>>
news in brief
Space Force adds Rocket Lab and Stoke Space to NSSL contract
Posted: Sun, Mar 30 9:19 AM ET (1319 GMT)

Cygnus departs from ISS
Posted: Sun, Mar 30 9:14 AM ET (1314 GMT)

Vulcan Centaur certified for national security launches
Posted: Sun, Mar 30 9:10 AM ET (1310 GMT)

news links
Wednesday, April 2
Europe’s Launcher Revival Faces Challenging Start
Aviation Week — 5:18 am ET (0918 GMT)
Gwynne Shotwell Rides SpaceX To Billion-Dollar Fortune
Forbes.com — 5:15 am ET (0915 GMT)
FAA closes investigation of January SpaceX Starship explosion
KTBC-TV Austin, TX — 5:11 am ET (0911 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list