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Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

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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