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Airbus Takes $1 Billion Space Program Charge

Company cites poor cost and schedule performance in telecom, navigation and observation segments Airbus said this week it would take a charge of nearly $1 billion...

Galileo Second Generation Satellites Greenlighted by ESA

Second generation (G2) satellites for the European Galileo navigation system have been approved for the first 12 of the new fleet. Two independent review boards have confirmed...

ESA Awards Three Contracts Worth $253 Million for Navigation Missions

ESA's FutureNAV program includes Genesis and LEO-PNT The European Space Agency this week awarded $253 million for three contracts that fund two satellite navigation missions.  The navigation...

SpaceX Signs Contract to Launch Galileo Satellites

Elon Musk’s launch company will blast up to four satellites on two launches next year SpaceX has signed a deal to launch as many as four Galileo navigation...

Weekly Product News

CNH Completes Purchase of Hemisphere GNSS CNH Industrial C -2.03%↓ NHI has completed its purchase of Hemisphere GNSS for $175 million.  The acquisition, announced on March 30, 2023, strengthens CNH’s...

Thales Alenia Space Signs $334 Million G2G Contract

Company working with entities from 14 European countries on the new generation of Galileo satellites Thales Alenia Space has signed a $334 million contract with...

GMV Grabs $218 Million Galileo Ground Segment Contract

The European Space Agency (ESA) has awarded GMV a $218 million contract (200 million euros) to develop the Galileo Second Generation (G2G) ground segment.  The G2G will introduce new services,...

ESA Requests 500 Million Euros for PNT Projects

The European Space Agency is requesting 500 million euros over the next three years to support such initiatives as FutureNav.  ESA, which is making the request at...

Lockheed Martin Awarded Southern Positioning Augmentation Network Contract 

The government of Australia has awarded Lockheed Martin LMT 0.22%↑ a $1.18 billion contract to establish the Southern Positioning Augmentation Network (SouthPAN). The system, expected to be fully operational by 2028, will...

OneWeb-Eutelsat Merger Dims Hopes of GNSS Buildout

U.K. May Need To Find Replacement for Galileo The $3.4 billion merger of OneWeb and Paris-based Eutelsat may allow the companies to compete with Elon Musk’s SpaceX, but may...

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