Quitting Russia will cost Thales’s space business, but growth forecast maintained; Telesat Lightspeed contract still absent

by Peter B. de Selding

PARIS — Thales Group reaffirmed the growth profile of its space business despite the cessation of business in Russia and the effects of inflation on electronics components.

The company’s 67% owned Thales Alenia Space hardware builder and 33% owned Telespazio space services provider will maintain the forecasted 5% annual growth rate at least through 2024, Thales Group Chief Executive Patrice Caen said in a July 21 investor call on the company’s financial results.

Nowhere in the presentation or the prepared comments . . .

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