© ESA / P.Carril (illustration purpose only)
Electronics Production | January 25, 2018
More than EUR 1bn for European space industry
Arianespace and ArianeGroup kick off production for the final 10 Ariane 5 launchers across Europe’s space industry in parallel to the operational debut of Ariane 6. This production order represents a total value of more than EUR 1 billion for the European space industry, involving more than 600 companies in 12 European countries (including 350 small and medium-sized enterprises).
The order's size is aligned with the ramp-up for the next-generation Ariane 6, which is scheduled to make its first flight in mid-2020, reaching full capacity in 2023.
With this latest order, there are now 23 Ariane 5 launchers in production or to be produced, from the PB+ and PC batches.
The decision follows the commitment made by Arianespace in December 2016 to initiate the procurement of long lead items (LLI1). It also allows ArianeGroup, industrial prime contractor for the development and operation of the Ariane 5 and Ariane 6 launchers – as well as its European partners to start initial production activity for these additional launchers.
After the announcement of the PC batch production order, Luce Fabreguettes, the Arianespace Executive Vice President – Missions, Operations and Purchasing, said: "With the production go-ahead for these 10 new launchers, Arianespace proudly leverages the exceptional performance, reliability and availability of Ariane 5 to deliver the best possible launch service for its customers, while also guaranteeing Europe's independent access to space. Along with our partners, this new contract ensures that we will have the best conditions to succeed in the operational transition from Ariane 5 to Ariane 6 for the benefit of all our customers."
ArianeGroup CEO Alain Charmeau, commenting on this new step, which begins the transition between Ariane 5 and Ariane 6, said: "This production kickoff of 10 new Ariane 5 ECA represents, for the European industry, a total of more than 1 billion euros. This also allows us to continue capitalizing on the exceptional levels of quality and punctuality that have made Ariane 5 so successful, while being consistent with the rapid market introduction of Ariane 6."
Shell to acquire german battery manufacturer sonnen
Shell Overseas Investment B.V. has agreed to acquire 100% of sonnen, a manufacturer of...
Engaged & happy employees - clear drivers of growth & health for Season Group
EMS provider Season Group, is flagging a major change in its organisation, both operational and somewhat philosophical. Randy Ziegenhagel, previously VP Business Development, is moving to the new position of Global Culture Officer and...
BB Electronics expands into Eastern Europe via acquisition
Danish EMS provider BB Electronics has acquired Czech company Wendell Electronics.
UK manufacturer doubles work space in head office acquisition
Yorkshire-based Contract Production Ltd has acquired its current head office and production facilities in Pickering, expanding into a third adjoining unit as part of its expansion programme.
Aquantia and Sumitomo Electric to deliver multi-gig Ethernet connectivity to...
Sumitomo Electric Industries Ltd., based in Japan, and Silicon Valley’s Aquantia Corp. have...
Lockheed Martin opens Florida R&D center, adds jobs
Lockheed Martin has completed construction on its USD 50 million, 255,000 square foot...
UAT picks Veeco to bolster fan-out wafer-level packaging portfolio
Unisem Advanced Technologies Sdn Bhd (UAT) has purchased Veeco’s single-wafer solvent...
ESI gets Asia order for FPC laser via drilling system
Electro Scientific Industries (ESI), a division of MKS Instruments Inc. and provider of laser-based...
DMASS: 'the highest distribution sales ever reported in Europe'
DMASS reports 14.2% growth in semiconductor distribution for Q4/CY18. Smaller countries and Eastern Europe benefit over-proportionally. MOS Micro and Optoelectronics below average, says DMASS.
Merger between Widex and Sivantos receives final clearance
The European Commission has approved the merger between Sivantos (owned by EQT funds)...
Finmasi Group acquires German PCB manufacturer
On the 21st of January 2019 Finmasi Group bought 100% of the capital stock of EPN Electroprint GmbH, located in Neustadt in Thuringia region in Germany.
NCAB expands to Malaysia
NCAB Group starts the first quarter of 2019 by establishing operations in Malaysia. The...
Series A funding fuels May Mobility’s momentum
Millennium New Horizons and Cyrus Capital Partners have joined May Mobility’s...
ZAF Energy Systems Lands Strategic Investment from Wirtz...
Wirtz Manufacturing has made a strategic investment in battery developer ZAF Energy Systems...
Johnson & Johnson to acquire Auris Health for $3.4 billion
Johnson & Johnson says that its subsidiary, Ethicon, Inc., has entered into a definitive agreement to acquire surgical robotics company Auris Health, Inc. for approximately USD 3.4 billion in cash.
ZF plans to open new Serbian facility in April
German automotive technology company, ZF Friedrichshafen, is reportedly planning to open its...
Microlease and Electro Rent Europe to join forces
The two companies will unify their European operations to become one of the largest...
OHB awarded ESA contract for the development of...
OHB System AG, a subsidiary of the space and technology group OHB SE, has received funding...
Invotec expands its presence with new facility in Germany
Custom equipment provider Invotec is opening a facility in Villingen-Schwenningen...
WH executive order outlines AI plan, omits critical funding details
President Trump has signed an executive order creating the “American AI Initiative,” which serves as a high-level strategy guiding AI development within the U.S.
AIStorm snags USD 13.2 million in quest to advance edge processing
San Jose-based AI start-up AIStorm has secured USD 13.2 million in Series A financing from...
Most Read
Load more news