Inmarsat (LSE:ISAT), the leading provider of global mobile satellite communications, has awarded a contract to the European satellite leader Astrium for the Alphasat I-XL satellite to augment its Broadband Global Area Network (BGAN) service. Alphasat will be one of the world’s largest telecommunications satellites and Inmarsat expects its investment in the satellite - excluding insurance - will be will be in the region of €260 million.
Astrium, a wholly owned subsidiary of EADS, is dedicated to providing civil and defence space systems and services. In 2006, Astrium had a turnover of €3.2 billion and 12,000 employees in France, Germany, the United Kingdom, Spain and the Netherlands. Its three main areas of activity are: the business units Astrium Space Transportation for launchers and orbital infrastructure, and Astrium Satellites for spacecraft and ground segment, and its wholly owned subsidiary Astrium Services for the development and delivery of satellite services.
EADS is a global leader in aerospace, defence and related services. In 2005, EADS generated revenues of €34.2 billion and employed a workforce of more than 113,000.
Inmarsat plc (LSE: ISAT) is the leading provider of global mobile satellite communications. Since 1979, the company has been providing reliable voice and high-speed data communications to governments, enterprises and other organisations, with a range of services that can be used on land, at sea or in the air. Inmarsat’s services are delivered through a global network of more than 500 distribution partners and service providers operating in 180 countries. For the year ended 31 December 2006, Inmarsat plc had total revenue of US$ 500.1 million.