Astrium Opens Doors As Major European Supplier Of Space Products

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Astrium Opens Doors As Major European Supplier Of Space Products

On May 17, Astrium officially opened its doors. Astrium NV merges the space business components of DaimlerChrysler Aerospace (DASA) and Matra Marconi Space. Astrium becomes the supplier of Eurostar telecommunication satellite busses, remote sensing satellites, Ariane's vehicle equipment bays and multiple launch adapters, the Ariane 4 second stage and liquid boosters, and the Ariane 5 upper stage and dual launch adapters. Astrium will also provide space propulsion systems ranging from attitude control thrusters to large engine components. Astrium is a partner in, as well as a supplier to, Globalstar. Astrium expects to play a leading role in the design and development of the European Galileo navigation satellite system as well as participate in its operations and maintenance activities.

Astrium becomes the main European industrial partner for the International Space Station. Astrium will own 51% of Eurockot Launch Services GmbH, 15% of Arianespace, and will become a strategic partner of Israel Aircraft Industries and Coleman Resarch Corp in LeoLink (building an American content version of the Shavit). Shortly, Astrium will become part of the European Aeronautics, Defense and Space Company (EADS). At that time Astrium will be 75% owned by EADS and 25% owned by BAe Systems, and EADS share in Ariane will become 27%.

Astrium's new chairman & CEO is Mr. Armand Carlier. The company will be headquarted in the Netherlands. The company's new web site is located at http://www.astrium-space.com .

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May 22, 2000