Report: Arianespace may need government support to survive
Posted: Wed, May 15, 2002, 8:55 AM ET (1255 GMT)
European launch services provider Arianespace may need government support to ride out a downturn in the commercial launch market and avoid bankruptcy, Space News reported in its print edition this week. According to the article, which is not published online, the company will announce later this month that it suffered a loss of 100 million euros (US$90.3 million) in 2001, double the estimate the company reported earlier this year, but still smaller than the 242 million euro loss in 2000. One unnamed European government official quoted by Space News said that if Arianespace was a US company, "it would be in bankruptcy or near to it." Unlike American companies Lockheed Martin and Boeing, Arianespace must rely almost entirely on commercial launches, with very few civil government or military launches. ESA plans to discuss how the space agency can increase its support for Arianespace, such as guaranteeing a minimum level of business, during a June 13 meeting in Montreal.
European launch services provider Arianespace may need government support to ride out a downturn in the commercial launch market and avoid bankruptcy, Space News reported in its print edition this week. According to the article, which is not published online, the company will announce later this month that it suffered a loss of 100 million euros (US$90.3 million) in 2001, double the estimate the company reported earlier this year, but still smaller than the 242 million euro loss in 2000. One unnamed European government official quoted by Space News said that if Arianespace was a US company, "it would be in bankruptcy or near to it." Unlike American companies Lockheed Martin and Boeing, Arianespace must rely almost entirely on commercial launches, with very few civil government or military launches. ESA plans to discuss how the space agency can increase its support for Arianespace, such as guaranteeing a minimum level of business, during a June 13 meeting in Montreal.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Vast signs contract with SpaceX for ISS private astronaut missions
Posted: Sat, Dec 21 11:59 AM ET (1659 GMT) Avio signs ESA contracts for Vega upgrades and Earth science satellite launch
Posted: Sat, Dec 21 11:57 AM ET (1657 GMT) |
|
news links
|
|
Tuesday, December 24
NASA Selects Firefly Aerospace to Deliver UCF’s Lunar-VISE Payload to the Moon
Univ. of Central Florida — 10:15 am ET (1515 GMT) Space Force's 5th birthday brings new training, challenges and growing threats from China
Colorado Springs Gazette — 10:14 am ET (1514 GMT) Refueling and Maneuvering Satellites in Orbit Is Key to National Security
Air and Space Forces Magazine — 10:13 am ET (1513 GMT) Space Operations Command preps for new shared domain awareness tool
Defense News — 10:12 am ET (1512 GMT) SpaceX, Amazon in talks with British Airways owner on Wi-Fi deal
Bloomberg News — 10:10 am ET (1510 GMT) |
