This year’s European Space Policy Conference in Brussels saw familiar faces talking about new and unfamiliar things. While Galileo continues to perform well, delivering an ever-widening range of services, the problem of how to get Galileo satellites into space has forced the Union to take unpreceden
Toulouse, France (AFP) Feb 15, 2024 - European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting into earnings.
Guillaume Faury, the CEO of Airbus, has delivered a message to the company's staff, labelling recent unexpected losses in its Space business as "not acceptable."
This stark assessment comes in response to a 300-million-euro charge in November, related to unidentified satellite programs, including the OneSat family in commercial telecoms.
European aviation giant Airbus on Thursday posted an 11 percent drop in net profit to 3.8 billion euros ($4.1 billion) in 2023, with past charges for its space business cutting