Ruag Space: Rocket-fairing plants on 2 continents, business on 3, and a Florida satellite facility on pins & needles

by Peter B. de Selding

PARIS — Satellite and launch vehicle hardware manufacturer Ruag Space, which has staked much of its growth on having a major presence in Europe and the United States, reported a 10% decline in sales in 2019 and 37% drop in pretax profit as it confronted delays in several telecommunications satellite projects.

The year 2020 had appeared to show a rebound in commercial telecommunications satellites before Covid-19 made all forecasts look dubious. For Ruag, the year has also featured the bankruptcy of OneWeb Global Ltd.

Ruag . . .

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