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Finmeccanica - Telespazio Awarded A EUR 216 Million Contract for the EGNOS Satellite Programme - Telespazio, joint venture between Finmeccanica and Thales, signed a contract worth EUR 216 million with the European Satellite Service Provider (ESSP) as part of the EGNOS - Finmeccanica.com
Finmeccanica - Telespazio Awarded A EUR 216 Million Contract for the EGNOS Satellite Programme

 

NewswireToday - /newswire/ - Washington, DC, United States, 2013/07/08 - Telespazio, joint venture between Finmeccanica and Thales, signed a contract worth EUR 216 million with the European Satellite Service Provider (ESSP) as part of the EGNOS - Finmeccanica.com. FNC IM; SIFI.MI

   
 
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Telespazio, joint venture between Finmeccanica (67%) and Thales (33%), signed a contract worth EUR 216 million with the European Satellite Service Provider (ESSP) as part of the EGNOS (European Geostationary Navigation Overlay Service) satellite navigation programme.

The eight-year contract was signed today in Toulouse by Telespazio CEO, Luigi Pasquali, and ESSP President, Dirk Werquin. Telespazio will be responsible for maintenance activities and network services for the telecommunications among EGNOS sites located in Europe. The company will also support ESSP in developing EGNOS services in different fields of activity (road, rail, sea transport) in the public and private sector. Telespazio will also manage the programme's logistical services from the Fucino Space Centre. To ensure the close coordination of these activities, Telespazio will station two of its teams at the ESSP sites in Toulouse (France) and Torrejon (Spain).

Telespazio was chosen as ESSP's main subcontractor at the head of an industrial partnership that includes Thales Alenia Space, joint venture between Thales (67%) and Finmeccanica (33%), as main partner. In the framework of the contract Thales Alenia Space will focus on EGNOS maintenance, along with support services, such as obsolescence management and implementation of minor EGNOS upgrades.

About Finmeccanica

Finmeccanica (finmeccanica.com) is Italy's main industrial group, leader in the high technology field, and ranks among the top ten groups at world level in the Aerospace, Defence and Security sectors. Listed on the Milan Stock Exchange (FNC IM; SIFI.MI), with revenues of approximately 17 billion Euro, over 68,000 employees, 150 operating and commercial locations and 345 production facilities in 50 different countries world-wide, Finmeccanica is an international and multicultural group with an important presence in its four domestic markets: Italy, United Kingdom, the United States and Poland. Finmeccanica's success is based on its technological excellence, which springs from conspicuous investments in Research & Development (amounting to 12% of the revenues), and the constant efforts it makes to develop and integrate the skills, know-how and values of its operating companies. Finmeccanica is active in the following sectors: Helicopters (AgustaWestland), Defence Electronics and Security (Selex ES, DRS) and Aeronautics (Alenia Aermacchi) which represent its core business and it is also well positioned in the sectors of Space (Telespazio, Thales Alenia Space), Defence Systems (Oto Melara, WASS, MBDA), Energy (Ansaldo Energia) and Transportation (Ansaldo STS, AnsaldoBreda, BredaMenarinibus).

 
 
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Written by / Agency / Source: Leonardo S.p.a.

 
 

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Finmeccanica - Telespazio Awarded A EUR 216 Million Contract for the EGNOS Satellite Programme

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