Thales Alenia Space announced Thursday that it has signed a contract with the European Union Space Programme Agency (EUSPA) for the maintenance of the Egnos European satellite navigation system.
The joint venture between France's Thales (67%) and Italy's Leonardo (33%) points out that the contract, worth over 100 million euros, covers maintenance operations and support services for Egnos V2 over a four-year period.
The Egnos system improves the accuracy, reliability and integrity of positioning signals, bringing enhanced performance to global navigation satellite systems (GNSS) such as GPS and, in the future, Galileo.
It is notably used in the aviation sector for landing phases, enabling precision approaches to European airports without the need for ground guidance equipment.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
Thales is one of the European leaders in manufacturing and marketing of electronic equipment and systems for the defense and security, aerospace, and transportation sectors. Net sales break down by product group as follows:
- defense and security systems (53.4%): C4I defense and security systems (control and monitoring systems, communication, protection, cyber-security, and other systems), defense mission systems, naval systems, electronic war systems, drones, air operation systems (air defense, air surveillance), ground defense systems and missiles;
- aerospace systems (28.4%): avionics equipment (cockpit, cabin multimedia, and simulation equipment), space systems (satellites, payloads, etc.);
- digital identification and security solutions (18.2%).
Besides, the group owns a 35% stake in Naval Group (manufacture of naval equipment for defense and nuclear energy sectors).
Net sales are distributed geographically as follows: France (29.5%), the United Kingdom (6.6%), Europe (24.8%), the United States and Canada (14%), Asia (9.4%), Near and Middle East (6%), Australia and New Zealand (4.4%) and other (5.3%).
THALES 
