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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