spacetoday.net: space news from around the webin association with SpaceNews


Arianespace posts wider-than-expected loss
Posted: Fri, May 17, 2002, 7:54 PM ET (2354 GMT)
Ariane 5 launch on Flight 145 (ESA) Arianespace announced Friday that the company recorded a loss of 193 million euros (US$178 million) in 2001, nearly four times larger than the company previously estimated. The company blamed the loss on a corporate decision to take charges because of the "rapidly deteriorating" commercial launch market, as well as the company's stand-down after a July 2001 Ariane 5 launch failure. The company had previously estimated a loss of 50 million euros (US$46 million) back in January, and a Space News article published this week estimated a loss of 100 million euros (US$92 million). The loss was still less than the 242 million euros (US$223 million) the company lost in 2000, but revenues were also lower by several hundred million euros in 2001. The company announced it was creating an "aggressive action plan" to return the company to the breakeven point, but did not provide any details about the plan. Arianespace did note that the company had successfully carried out six of the 13 launches it planned for 2002.
<<previous article   next article>>
news in brief
Starship explodes during preparations for static-fire test
Posted: Sun, Jun 22 6:52 AM ET (1052 GMT)

French government leads investment in Eutelsat
Posted: Sat, Jun 21 8:38 AM ET (1238 GMT)

NASA further delays Ax-4 launch
Posted: Sat, Jun 21 8:34 AM ET (1234 GMT)

news links
Tuesday, July 1
Move over Starlink, here comes Kuiper
Gulf News — 4:58 am ET (0858 GMT)
USSF Seeks Industry Ideas For Space-Based Interceptors
Aviation Week — 4:57 am ET (0857 GMT)
Don’t forget about Iran’s space program
POLITICO — 4:54 am ET (0854 GMT)
EU Space Act is ‘orbital equivalent of GDPR’, says lawyer
Luxembourg Times — 4:53 am ET (0853 GMT)
Poland’s second ever astronaut is safe in space
Euro Weekly News — 4:49 am ET (0849 GMT)


about spacetoday.net   ·   info@spacetoday.net   ·   mailing list