European subsidies have put Arianespace in the black.
European subsidies have put Arianespace in the black for 2011 and 2012.
The key quote however is this:
But ESA governments have made clear they are not happy having to cover losses, especially since the workhorse Ariane 5 rocket, introduced in the mid-1990s, is well past its teething stage and has conducted 47 consecutive launch successes. Its last failure was in late 2002.
Arianespace has dominated the commercial launch market in recent years, yet can’t make a profit. In this case, however, I suspect that if the company lost its subsides it would somehow find a way to finally reduce its budget.
European subsidies have put Arianespace in the black for 2011 and 2012.
The key quote however is this:
But ESA governments have made clear they are not happy having to cover losses, especially since the workhorse Ariane 5 rocket, introduced in the mid-1990s, is well past its teething stage and has conducted 47 consecutive launch successes. Its last failure was in late 2002.
Arianespace has dominated the commercial launch market in recent years, yet can’t make a profit. In this case, however, I suspect that if the company lost its subsides it would somehow find a way to finally reduce its budget.