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Technology Stocks : Alcatel (ALA) and France

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To: larry pollock who wrote (3474)6/22/2001 2:20:25 PM
From: Steve Fancy  Read Replies (2) of 3891
 
Alcatel Space Gets EUR369 Million Satellite Contract From ESA

Dow Jones Online News, 06/22/2001 10:48

PARIS -(Dow Jones)- A consortium led by Alcatel Space, the satellite unit of French telecommunications equipment supplier Alcatel SA (ALA), has received a EUR369 million contract to build two scientific satellites for the European Space Agency, Alcatel said Friday.

Alcatel Space will be the main contractor for the two satellites, called Herschel and Planck, and it will subcontract Italy's Alenia Spazio (I.ALE) to supply the two platforms.

Astrium GmbH, a unit of European Aeronautic Defense & Space Co. (N.EAD), will provide the payload module and perform the integration of the Herschel satellite, while Alcatel Space will do the same for the Planck satellite.

Construction of the two satellites has already begun, Alcatel said.

-By Valerie Venck, Dow Jones Newswires; 331-4017-1740; valerie.venck@dowjones.com -0- 22/06/01 14-33G

(This story was originally published by Dow Jones Newswires)

Copyright (c) 2001 Dow Jones & Company, Inc.

All Rights Reserved
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