EADSY - Airbus Pockets Multi-Billion Dollar Deal With Germany For Next-Gen Military Satellites: Details | Benzinga
Airbus SE (OTC:EADSY) has been awarded the SATCOMBw 3 prime contract by Germany’s armed forces, the Bundeswehr.
The spacecraft are due to be deployed before the end of the decade and the contract value amounts to 2.1 billion euros ($2.27 billion).
“At a time when Western democracies are challenged and where the European institutional space ecosystem is struggling, we are excited and grateful to develop and build this leading-edge system,” said Michael Schoellhorn, CEO of Airbus Defence and Space.
The contract covers the next-generation secure military satellite system, including geostationary satellites, ground segments, ...