Thales: new contract between Alenia Space and ESA
(CercleFinance.com) - On Thursday Thales Alenia Space (joint venture between Thales, majority shareholder - 67%, and Leonardo - 33%) announced the signing of a new development contract, concerning the EGNOS European navigation system, with the European Space Agency.
"Via this contract Thales Alenia Space will develop a new version of EGNOS (version V242B), incorporating new advanced functionalities," Thales said.
Worth a total of approximately 78 million euros, this contract covers the geographical expansion of the SBAS EGNOS coverage, the implementation of a new generation of reference stations, and improved algorithms in the computation center (CPF) to boost system performance.
This new deveopment is expected to be certified and implemented in 2023.
Copyright (c) 2019 CercleFinance.com. All rights reserved.