Airbus Space & Defence has problems. Unlike its major rival Boeing, there’s nothing wrong with its A320 aircraft production, but Airbus’s troubled space division has implemented a €900 million write down in charges – effectively losses against its Q2 2024 revenues – and Airbus CEO Guillaume Faury said a thorough review has led to a […]
Aerospacelab, a Belgian start-up, has commenced building a factory designed to produce up to 500 satellites annually. The new company, financed in part by national and regional aid, plans to start building satellites weighing from 150 kgs each up to one tonne. It already has eight satellites in orbit, four of which were launched on […]
On March 21st aerospace giant Boeing entered a writ against Virgin Galactic in the US District Court of Virginia. The action alleged that Virgin owed Boeing $26 million (€24m) and that it had misappropriated certain IP and trade secrets associated with the development for a new space tourism aircraft for Virgin. Boeing, and an associated […]
Switzerland-based satellite manufacturer, SWISSto12, has secured additional production space at its headquarters, almost doubling the size of its existing site to 5,700m2. Additionally, the Company has welcomed several new Satcom engineering experts to its growing team, which has increased by 25 percent since the start of 2024 to over 125 employees working across its facilities […]
Aerospace giant Thales has reported that it achieved sales of €18.4 billion in 2023, up 4.9 per cent, and with net income up 14 per cent to €1.77 billion. However, its consolidated net income fell 9 per cent (to €1.02 billion because of an “exceptional expense related to pension obligations in the UK”. Its Aerospace […]
Rivada Space Networks seems to be on a roll with numerous contracts announced. Their latest news concerns a partnership with aerospace and aviation services company The Aerospace Industries (TAI), based in Bangkok, Thailand. The aim is to bring reliable and secure connectivity services to the commercial, military and general aviation sectors in Thailand and beyond. […]
Italy-based aerospace company Argotec is opening a new facility in Maryland, USA. Argotec already has a busy R&D unit in Turin and operates climatic rooms and a thermal vacuum chamber in order to recreate the extreme conditions of temperature and to validate its satellite projects. Argotec also has its own Mission Control Centre directly connected […]
Cayman Islands-registered Hong Kong Aerospace Technology Group (HKATG), which majority owns its Aspace subsidiary and in July inaugurated a large satellite production facility, has reported a 44.4 per cent drop in gross profit and a 27.1 percent decline in revenue for the six months ending June 30th. The satellite production facility is planning to produce […]
BAE Systems, part of British Aerospace, is looking to buy US-based aerospace giant Ball Corporation’s Aerospace division for $5.55 billion (€5.11bn). The intention, says BAE, is to strengthen its position in space activity and related technologies. Colorado-based Ball will allow BAE to align with the priorities of US intelligence and department of defence needs, leading […]
Terran Orbital has hired Tony Gingiss as its COO. Gingiss has a 30-year history of work within the aerospace industry including more than two decades with Boeing Satellite. Other positions include CEO at Airbus OneWeb Satellites and finally as COO at Virgin Orbit. Gingiss was CEO at Airbus OneWeb Satellites (AOS), the joint-venture between Airbus […]