Airbus Space revenue up 12% in first 9 months of 2021; insurance claim filed for defective gyro on 1st Pleiades Neo

by Peter B. de Selding

PARIS— Airbus’s space division reported a 12% increase in revenue for the first nine months of 2021 compared to the same period last year. Key events included payment on a 698-million-euro ($812 million) contract with the European Commission to build six second-generation Galileo positioning, navigation and timing satellites.

Airbus Chief Executive Guillaume Faury said in an Oct. 28 investor call that the space business was showing “good satellite momentum,” citing the Aug. 16 launch of the second of four Pleiades Neo 30-centimeter-resolution optical . . .

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