• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Eutelsat announces contract with Airbus for 100 satellites

by December 17, 2024
written by December 17, 2024

(Reuters) -French satellite company Eutelsat has chosen aerospace giant Airbus to build 100 small satellites for its OneWeb constellation extension, with deliveries to begin around the end of 2026.

OneWeb is a European constellation of low Earth orbit (LEO) communications satellites acquired by Eutelsat in 2023 to rival the likes of Elon Musk-owned SpaceX’s Starlink and Amazon (NASDAQ:AMZN)’s Project Kuiper.

Airbus has so far built built 648 small satellites for OneWeb.

The satellites will also be technologically compatible with a planned 10.6 billion euro ($11.13 billion) secure European satellite constellation called IRIS², due to enter service in 2030.

Eutelsat did not disclose financial terms of the Airbus deal.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Rosenblatt starts MongoDB at buy, neutral on Rubrik
next post
MicroStrategy’s Nasdaq-100 entry attracts nearly $11 million of retail inflows

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Netflix says its ad tier now has 94 million monthly active users

      May 15, 2025
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

      May 15, 2025
    • YouTube will stream NFL Week 1 game in Brazil for free

      May 15, 2025
    • 5 new Uber features you should know — including a way to avoid surge pricing

      May 15, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (463)
    • Stock (6,426)

    Latest News

    • Netflix says its ad tier now has 94 million monthly active users
    • Dick’s Sporting Goods to buy struggling Foot Locker for $2.4 billion

    Popular News

    • Malls are using new restaurants to draw consumers as shopping centers reinvent themselves
    • Tech rally drives S&P 500, Nasdaq to record highs; Powell comments in focus

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy