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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Airbus nets satellite deal

The contract was awarded by the German army. (AFP)
By TRENDS Desk AFP
July 4, 2024 9:01 pm
  • The contract was awarded for next generation SatcomBw 3 military communications satellites, the European aerospace firm said.
  • The contract, for deployment by the end of the decade, includes the prime contractor of two satellites "as well as the ground segment (receiving stations.

Paris, France — The German army has awarded Airbus a contract worth 2.1 billion euros ($2.5 billion) for next generation SatcomBw 3 military communications satellites, the European aerospace firm said Thursday.

The contract, for deployment by the end of the decade, includes the prime contractor of two satellites “as well as the ground segment (receiving stations), launch and operation for 15 years,” Airbus said in a statement.

“At a time when Western democracies are challenged and where the European institutional space ecosystem is struggling, we are excited and grateful to develop and build this leading-edge system,” said Michael Schoellhorn, CEO of Airbus Defense and Space.

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