Satellite & other space-system orders are pulling Thales Group’s space division out of its slump

by Peter B. de Selding

PARIS — What a difference a few contracts make: Thales Group told investors that recent business won by its 67%-owned Thales Alenia Space put the space division on track to return to high-single-digit profit margins by 2023.

Most of the new business has not yet entered Thales’s firm backlog because the contracts are issued a slice at a time. For example: Thales Alenia Space has won some 1.5 billion euros ($1.8 billion) in Copernicus contacts,, but has added only 200 million euros to its . . .

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