logo
Eutelsat Appoints Jean-François Fallacher as New CEO

Eutelsat Appoints Jean-François Fallacher as New CEO

Eutelsat ETL -6.00%decrease; red down pointing triangle appointed Jean-François Fallacher as its new chief executive officer, amid growing interest within the European Union for alternative satellite systems to Starlink.
The French satellite operator said Monday that Fallacher's appointment will be effective on June 1.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The European Space Agency and Dassault Aviation paving the way for potential collaborations
The European Space Agency and Dassault Aviation paving the way for potential collaborations

Business Upturn

time24 minutes ago

  • Business Upturn

The European Space Agency and Dassault Aviation paving the way for potential collaborations

PRESS RELEASE June 20, 2025 The European Space Agency and Dassault Aviation paving the way for potential collaborations ESA and Dassault Aviation have identified a mutual interest in developing a closer relationship to commonly foster technology development in areas such as LEO destinations and particularly around orbital vehicules. The European Space Agency (ESA) has signed a Letter of Intent (LoI) with Dassault Aviation, a French civilian and military aircraft manufacturer recognized worldwide for its excellence, underlying their common interest to develop a closer relationship. ESA, with its ambitious strategy for space exploration, Explore2040, is seeking innovative solutions for capabilities development to reach and return from Low Earth Orbit (LEO), Moon and Mars, and supports the advancement of selected critical enabling technologies to be used and demonstrated in particular in LEO, such as hypervelocity re-entry. Dassault Aviation, also a leader in aerospace engineering, is developing its space activities with a focus on the design of a reusable spaceplane based on lifting bodies shapes that bridge aeronautical and space technologies. Their interest in automated LEO platforms suitable for commercial and institutional markets, led them to develop a vehicle concept called ' Véhicule Orbital Réutilisable de Transport et d'Exploration (VORTEX) ', designed for research in space, transport of cargo to and from space stations, and a range of in-orbit services. This project is based on a considerable expertise in spaceplanes having participated in numerous programmes like Hermes, NASA X-38 Crew Rescue vehicle, ESA Intermediate eXperimental Vehicle (IXV) demonstrator, and Airborne Reusable Hypersonic Experimental Vehicle (VEHRA) concepts. ' Dassault Aviation's decades of expertise in aeronautical and space systems, perfectly position them to pioneer critical space technologies ', said Josef Aschbacher, Director General of the European Space Agency. ' With VORTEX, Dassault is contributing to strengthening European capacities and securing sovereign access to space in a strongly growing and competitive space sector. We look forward to combining our expertise and working hand-in-hand for a stronger Europe in space.' ' Our Vortex roadmap aims to strengthen Europe's essential sovereign capabilities and meet the new challenges of the space economy. This letter of intent is a perfect recognition of the complementary expertise of the European Space Agency and Dassault Aviation in the development of critical technologies and innovative space solutions, ' declared Eric Trappier, Chaiman and CEO of Dassault Aviation. As such, the signatories of the LoI, have identified a mutual interest in developing a closer relationship with the potential to commonly derisking critical technologies as well as to further explore the potential for collaboration in areas such as LEO destinations and particularly around orbital vehicules. As such, both foresee an interest to cooperate on a scaled down suborbital version of VORTEX, serving as a testbed, with a focus on, but not limited to: Designing, testing and qualifying key technologies and components. New materials and integration processes. Assessing the feasibility to include future payloads in case of the integration of a dedicated bay on the end-product. This joint work will be based on exchanging relevant information and conducting studies or preparatory activities, to help establish respective roles and responsibilities in the realisation of potential joint activities, leveraging on each side's capabilities. ' Europe benefits from a wide range of diverse and complementary skills. Enlarging the European industrial base is key for new opportunities arising in Space Exploration, aiming at more autonomy,' said Daniel Neuenschwander, Director of Human and Robotic Exploration at ESA. About the European Space Agency The European Space Agency (ESA) provides Europe's gateway to is an intergovernmental organisation, created in 1975, with the mission to shape the development of Europe's space capability and ensure that investment in space delivers benefits to the citizens of Europe and the world. ESA has 23 Member States: Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland and the United Kingdom. Latvia, Lithuania and Slovakia are Associate Members. ESA has established formal cooperation with other four Member States of the EU. Canada takes part in some ESA programmes under a Cooperation Agreement. By coordinating the financial and intellectual resources of its members, ESA can undertake programmes and activities far beyond the scope of any single European country. It is working in particular with the EU on advancing the Galileo and Copernicus programmes as well as with Eumetsat for the development of meteorological missions. Learn more about ESA at

Airbus pledges higher dividends as it confirms financial guidance
Airbus pledges higher dividends as it confirms financial guidance

Yahoo

timean hour ago

  • Yahoo

Airbus pledges higher dividends as it confirms financial guidance

Airbus SE introduced a new dividend policy on Wednesday, increasing the amount it intends to pay to shareholders in the future. The firm increased its new dividend payout ratio limit from 40% to 50% of the share of profits, bringing the new payout range to 30%-50%. Airbus also hinted at the possibility of paying out a special dividend and introducing share buyback programmes. The planemaker and defence company also said that it would maintain its long-term cash conversion target, a measurement of the firm's efficiency in converting its profits into cash. 'Airbus will reaffirm its commitment to profitable growth and its cash conversion target of around 1 over a 5-year horizon,' the company said. Airbus' share price increased by 3% by around 11.00 CEST, following the announcement. Related Airbus remains positive on yearly deliveries despite missing target Airbus warns of delivery uncertainties but announces lift in revenue The company's statement comes at a time of global trade uncertainty and supply chain disruptions. Airbus set a goal of handing over 820 aircraft this year. Ongoing supply chain issues slowed the deliveries in the first months of 2025, but Christian Scherer, CEO of the company's core planemaking business, said that Airbus remains "cautiously hopeful" about meeting its 2025 target. Meanwhile, Airbus' defence business is thriving. With the EU preparing a significant defence budget increase, the firm is expecting its military helicopter orders to grow by 50% between 2023 and 2025. Airbus is also developing a drone portfolio, aiming to become a market leader in this segment. Airbus started this week at the Paris Air Show, announcing new orders from Saudi Arabia and Poland. Airbus also recently signed a framework agreement with the French military for purchases of navy drones, and secured another deal with Singapore to deliver military helicopters. Sign in to access your portfolio

Crude Prices Slip as US Holds Back from Iran Attack
Crude Prices Slip as US Holds Back from Iran Attack

Yahoo

timean hour ago

  • Yahoo

Crude Prices Slip as US Holds Back from Iran Attack

July WTI crude oil (CLN25) Friday closed down -0.21 (-0.28%), and July RBOB gasoline (RBN25) closed up +0.0209 (+0.91%). Crude oil and gasoline prices settled mixed on Friday, with gasoline posting a 10-1/4 month high. Friday's weaker dollar was bullish for energy prices. SoftBank's Masayoshi Son Unveils $1 Trillion AI Hub Proposal for U.S. to Rival China Is a Summer Rally on the Horizon in the U.S. Natural Gas Futures Market? Crude Prices Pressured on Reduced Concern About an Imminent US Strike on Iran Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Crude oil prices turned lower Friday after President Trump said he would wait two weeks to give diplomacy a chance before deciding if the US should attack Iran. Crude prices were also pressured on signs that Iran is ready to negotiate after Reuters reported that the Iranian government is ready to discuss limitations on uranium enrichment. Gasoline prices garnered support Friday after the American Automobile Association (AAA) projected that a record 61.6 million people would travel by car this Fourth of July holiday (June 28 to July 6), up +2.2% from last year and a sign of stronger gasoline demand. So far, Iran has not impeded ship movement through the vital Strait of Hormuz, which handles about 20% of the world's daily crude shipments. However, a French naval liaison group stated that navigational signals from over 1,000 vessels a day moving through the Strait had been disrupted due to "extreme jamming" of signals from the Iranian port of Bandar Abbas, which led to a collision of two tankers on Tuesday near the Strait of Hormuz. Oil prices continue to be undercut by tariff concerns after President Trump said last Wednesday that he intends to send letters to dozens of US trading partners within one to two weeks, setting unilateral tariffs ahead of the July 9 deadline that came with his 90-day pause. A decline in crude oil held worldwide on tankers is bullish for oil prices. Vortexa reported Monday that crude oil stored on tankers that have been stationary for at least seven days fell by -7.2% w/w to 73.97 million bbl in the week ended June 13. Concern about a global oil glut is negative for crude prices. On May 31, OPEC+ agreed to a 411,000 bpd crude production hike for July after raising output by the same amount for June. Saudi Arabia has signaled that additional similar-sized increases in crude output could follow, which is viewed as a strategy to reduce oil prices and punish overproducing OPEC+ members, such as Kazakhstan and Iraq. OPEC+ is boosting output to reverse the 2-year-long production cut, gradually restoring a total of 2.2 million bpd of production. OPEC+ had previously planned to restore production between January and late 2025, but now that production cut won't be fully restored until September 2026. OPEC May crude production rose +200,000 bpd to 27.54 million bpd. Wednesday's EIA report showed that (1) US crude oil inventories as of June 13 were -10.2% below the seasonal 5-year average, (2) gasoline inventories were -1.8% below the seasonal 5-year average, and (3) distillate inventories were -16.7% below the 5-year seasonal average. US crude oil production in the week ending June 14 was unchanged w/w at 13.431 million bpd, modestly below the record high of 13.631 million bpd from the week of December 6. Baker Hughes reported Friday that active US oil rigs in the week ending June 20 fell by -1 to a 3-3/4 year low of 438 rigs. Over the past 2-1/2 years, the number of US oil rigs has fallen from the 5-1/4 year high of 627 rigs posted in December 2022. On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store