PARIS — Airbus Defence and Space’s Space Systems division reported a 12% drop in revenue in 2020 as its launcher business suffered Covid-related headwinds, but posted strong orders of commercial telecommunications and European government satellites.
Airbus Defence and Space and Safran each own 50% of ArianeGroup, the prime contractor for the current Ariane 5 and future Ariane 6 heavy-lift vehicles. ArianeGroup owns 74% of the Arianespace launch-service provider, which in addition to Ariane vehicles also markets Europe’s Italian-led Vega light-lift and . . .
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