Eutelsat Group Secures Additional Launches in New Agreement with Mitsubishi Heavy Industries
September 18 2024 - 1:00AM
Business Wire
- First agreement between Eutelsat Group and MHI for
launches
- New agreement adds additional launch options for Eutelsat
Regulatory News:
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London
Stock Exchange: ETL), and Mitsubishi Heavy Industries Ltd. (“MHI”),
announce the signature of an agreement for multiple launches. Under
the terms of the agreement, MHI will provide multiple launches by
an H3 launch vehicle from 2027.
This is the first agreement between Eutelsat and MHI, and
today’s announcement cements the growing partnership between both
companies.
Eutelsat has consistently worked with leading launch providers
to deliver its fleet into orbit and this latest agreement brings
additional diversity and additional opportunities to launch
Eutelsat’s satellites in the coming years.
Arlen Kassighian, Chief Engineering Officer of Eutelsat Group,
said: “We are delighted to inaugurate our relationship with MHI
with this multi-launch agreement. Access to space is critical for
operators like Eutelsat, and we are excited to add MHI to our
portfolio of launches, knowing that we can rely on its outstanding
track record and technology to deliver our satellites into
orbit.”
Iwao Igarashi, Vice President and Senior General Manager of
Space Systems at MHI, said: “MHI deeply appreciates the honor of
entering into the first launch agreement with Eutelsat, the global
leading satellite operator, and being selected as their launch
partner to deploy their satellites. MHI is committed to delivering
highly reliable and transparent launch services for its customers,
that build market trust through the accumulation of successful
launches. We look forward to developing a long-lasting and mutually
beneficial partnership with Eutelsat.”
About Eutelsat Group
Eutelsat Group is a global leader in satellite communications,
delivering connectivity and broadcast services worldwide. The Group
was formed through the combination of the Company and OneWeb in
2023, becoming the first fully integrated GEO-LEO satellite
operator with a fleet of 35 Geostationary satellites and a Low
Earth Orbit (LEO) constellation of more than 600 satellites. The
Group addresses the needs of customers in four key verticals of
Video, where it distributes more than 6,500 television channels,
and the high-growth connectivity markets of Mobile Connectivity,
Fixed Connectivity, and Government Services. Eutelsat Group’s
unique suite of in-orbit assets enables it to deliver integrated
solutions to meet the needs of global customers. The Company is
headquartered in Paris and the Eutelsat Group employs more than
1,700 people across more than 50 countries. The Group is committed
to delivering safe, resilient, and environmentally sustainable
connectivity to help bridge the digital divide. The Company is
listed on the Euronext Paris Stock Exchange (ticker: ETL) and the
London Stock Exchange (ticker: ETL). Find out more at:
www.eutelsat.com
DISCLAIMER
The forward-looking statements included herein are for
illustrative purposes only and are based on management’s views and
assumptions as of the date of this document. Such forward-looking
statements involve known and unknown risks. For illustrative
purposes only, such risks include but are not limited to: risks
related to the health crisis; operational risks related to
satellite failures or impaired satellite performance, or failure to
roll out the deployment plan as planned and within the expected
timeframe; risks related to the trend in the satellite
telecommunications market resulting from increased competition or
technological changes affecting the market; risks related to the
international dimension of the Group's customers and activities;
risks related to the adoption of international rules on frequency
coordination and financial risks related, inter alia, to the
financial guarantee granted to the Intergovernmental Organization's
closed pension fund, and foreign exchange risk. Eutelsat
Communications expressly disclaims any obligation or undertaking to
update or revise any projections, forecasts or estimates contained
in this document to reflect any change in events, conditions,
assumptions, or circumstances on which any such statements are
based, unless so required by applicable law. The information
contained in this document is not based on historical fact and
should not be construed as a guarantee that the facts or data
mentioned will occur. This information is based on data,
assumptions and estimates that the Group considers as
reasonable.
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version on businesswire.com: https://www.businesswire.com/news/home/20240917307180/en/
Media enquiries Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com
Katie Dowd Tel. +1 202 271 2209 kdowd@oneweb.net
Investors Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com
Hugo Laurens-Berge Tel. +33 670 80 95 58
hlaurensberge@eutelsat.com
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