TUPPER LAKE, NY— Leonardo’s Space division, including its majority stake in satellite service provider Telespazio, reported a 14.4% increase in revenue for the six months ending June 30 and a 5.9% increase in EBITDA on the strength of payload and robotics contracts.
New orders were up 11.6% at 500 million euros ($574 million). Backlog for the division stood at 1.6 billion euros at June 30.
New orders during the period include several satellites for the 23-nation European Space Agency (ESA) including the Next . . .
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