Space Intel Report
• Peter B. de Selding
Thales’ space unit rebounds: sales and profit rise in 3Q ended June 30 despite SES canceling two geostationary telecom satellite
Thales’ space business—run largely through Thales Alenia Space and Telespazio—posted continued recovery in the three months ended June 30, with both sales and profit increasing. The improvement held even after a customer cancellation of two geostationary-orbit telecommunications satellites, costing €174.5M for Thales’ accounts.
