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.