Thales Alenia Space to shed 15% of its work force after zero-profit year; propulsion issues delay new satellite product

by Peter B. de Selding

LA PLATA, Maryland —Thales Group is reducing its space division work force by 1,300 posts, a 15% drop as part of a restructuring the company said is necessary given the headwinds facing its commercial telecommunications satellite business.

In addition to the drop in geostationary-satellite orders that has almost every established satellite manufacturer, The 67% Thales-owned Thales Alenia Space is facing issues in the completion of development of its showcase new product, the SpaceInspire software-defined satellite platform.

Satellite fleet operator SES . . .

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