Thales Alenia sees 35% growth
July 28, 2021
By Chris Forrester
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.