PARIS — The Arianespace launch consortium reported an approximately 7% decline in revenue in 2017 compared to the previous year, saying the weakening of the U.S. dollar — down 14% against the euro for the year — had once again become a headwind.
Foreign exchange fluctuations are a big deal for a company whose business is two-thirds commercial and one-third from European governments — a much higher dependency on the commercial market than is the case for its major competitors.
Commercial launch contracts are usually negotiated in U.S. dollars . . .
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