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Alcatel Space Inks $17M Satellite Deal With CNES

By | July 22, 2003

      Alcatel Space, the satellite manufacturing arm of Paris-based Alcatel [NYSE: ALA], has signed a 15 million euro ($17 million) contract with the French space agency CNES for the third and final part of the Corot satellite program, which will be an orbiting observatory for space science research. The Corot satellite will be based on the Proteus platform, one of five CNES ordered last summer.

      The original contract was for a spaceborne telescope; the current contract covers engineering services and satellite integration and testing. Corot is scheduled to be placed into polar orbit at an altitude of 850 kilometers (528 miles) by a Rockot launch vehicle in 2006.

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