If you reach here you are land anywhereThe fourth rule is to inquire into valuationsOther attempts Alveol Zendis have turned shortThe CGT calls a more progressive taxation and a revival of the wage bargaining read belowA syndrome who wins in turn Société GénéraleFrom the beginning of the case these deficiencies were plottedCrises often create heavy social tensionsHe has obtained 3 with his score of 2856So far the Fed has acquired 177 billion in Treasury securitiesThe Accor Group is not left in the renovationsException in the current economic landscape, Thales Alenia Space, satellites Franco-Italian manufacturer 66 owned by Thales and 34 by Finmeccanica, is confident for 2009. The institutional market benefits from the decisions of the last meeting of European Ministers for space, even if the implementation time, notes its CEO, Reynald Seznec. With regard to the commercial market, step of alarming sign for the moment. Telecommunications broadband demand wanes not and operators can finance their investments.
Has the crisis caught the market for satellites
The situation in the space is paradoxical. There is a pan of activity, by military or institutional satellites which has no reason to be affected, particularly after the decisions of the last European Ministerial Conference in the Hague. Even if it should be that the implementation of the base programs happen more quickly. In the commercial telecommunications market, needs are still there, in high definition television for example, for which satellites are essential parts of the world. Not to mention the need for renewal, as some operators recognize that they have more available capacity. The bias for the crisis to funnel, it is financing.
However, today, I find that large operators of telecommunications as its or Eutelsat can complete their investments. This could be more difficult for the smaller players or new entrants.
You are so confident
Yes, although I remain cautious. Business was good in 2008, end of year, and 2009 well started a. I would add that European Governments have reacted very quickly. France, in particular, Coface has guaranteed funding for banks with operators such as Globalstar. Commercial satellites market therefore requires no support measures specific or public funds, beyond targeted research actions.
What are your predictions for 2009
The turnover of Thales Alenia Space should remain, or even increase slightly. Last year, we have made 2 billion euros of revenues, growing by 12.
Commercially, the exercise ended by the sale of 5 satellites. Since 1 January, we in already won 3 and the request is not weakening.
Could your sector be caught up by relocations
I do not think so. First because the commercial satellites and sovereignty often share the same technologies. Then, there is an absolute imperative of quality. In emerging countries, I think rather to partnerships that allow to move the cursor: when you can not build a satellite for reasons of cost, can sell a payload. Thus, we are working with the Russia for over ten years. And, in 2008, we won a first contract export with them in Indonesia. They need us and we can win business with them. China also rises. The essence is to always keep one step ahead in innovation, while working on the costs.
What is the position advocated by Thales Alenia Space Mission Fillon on the future of Ariane
I prefer to reserve our position to the commission. But I can tell you our themes for reflection. He must first ask what are the needs for commercial or institutional satellites and not start by stop the launcher solution. It then look at the trend in the cost of launch. This is a theme that operators have put forward at the recent Washington Satellite 2009 Conference. Launch companies have all increased their prices without thinking about the consequences on the whole of the sector.
How much do you think the delays of Galileo
Today, the process of tendering has a year's delay. It is a pity because Galileo is working throughout the European space industry. But they should count in this field with the inexperience of the Commission, the complexity of the project or the constraints of fair industrial return.
The French Ministry of defence has launched a tender for the sale, in "lease back" form, its two satellites Syracuse 3 telecommunications. Are you interested
Of course, as we have already participated in somewhat similar operations in Italy, a partial public-private partnership. Purchase patterns evolve and tender foreshadow what will be the future military telecommunications satellite. The capacity of these satellites can be used also for civilian needs of secure telecommunications.
