Satellite and avionics company Thales Alena Space (TAS, 67 per cent owned by Thales Group, 33 per cent by Leonardo of Italy) reports it is enjoying something of a sales boom.

TAS says it is likely to hit a 35 per cent revenue growth rate during the 2020-2025 period and based on orders for commercial, civil and military satellite business, and reaching well over €2.5 billion in annual revenues. This sum, impressive as it is does not include the probable revenues flowing form Canada’s Telesat Lightspeed constellation of LEO satellites. Lightspeed is worth around $5 billion overall.

TAS announced that its 1H/2021 order intake was worth €2,886 billion which is 78 per cent ahead of last year’s €1,625 billion. Sales revenues were also ahead but by a smaller percentage (€2,112 billion, compared with €1,946 billion last year and 8.6 per cent ahead.

In July, for example, TAS has booked two modules for Axiom Space worth €110 million.

Other posts by :

1. SES announces €0.25c dividend
2. Russia “blinding and destroying” German satellites
3. Bank: AST, Starlink, Kuiper targeting $200bn market
4. Rivada: Is no news good news?
5. SES celebrates Intelsat acquisition
6. Pakistan halts broadband direct-from satellite
7. India stymies Starlink launch
8. Starlink, AST SpaceMobile race for cellular consumers
9. Trouble ahoy for foreign D2D satellites over India?

Categories: Articles, Business, Results

Tags: italy, LEO, Thales, Thales Alenia