EU Awards Contracts Worth EUR1.47 Billion to Airbus, Thales
20 Janvier 2021 - 6:08PM
Dow Jones News
By Giulia Petroni
The European Commission said Wednesday that it has awarded two
contracts worth a combined 1.47 billion euros ($1.78 billion) for
12 satellites to Airbus SE's Defence and Space division and Thales
SA's Alenia Space.
The award, which follows an open competition, is set to initiate
the launch of the second generation of Galileo, the European
satellite positioning system. The first satellites will be placed
in orbit by the end of 2024.
"The aim is to keep Galileo ahead of the technological curve
compared to global competition and maintaining it as one of the
best performing satellite positioning infrastructures," the
commission said.
The contract is scheduled to be signed by the end of the
month.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
January 20, 2021 11:53 ET (16:53 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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