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European agency offers support for struggling space sector

UPDATE 2-European agency offers support for struggling space sector ESA to speed up downpayments for new projects to help cashflow Panel created to oversee projects after delays and cost overruns Adds details of struggling projects from paragraph 11 By Tim Hepher PARIS, Oct 24 (Reuters) - The European Space Agency unveiled plans on Thursday to speed up payments to the space industry in the face of mounting job cuts, while imposing more scrutiny following cost overruns and delays.
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European agency to boost payment terms for struggling space sector

European agency to boost payment terms for struggling space sector PARIS, Oct 24 (Reuters) - The European Space Agency said on Thursday it would introduce more flexible contract terms including increased downpayments to help improve cashflow in the European space industry. Director General Josef Aschbacher announced the move after an ESA council meeting, following a series of restructuring measures and losses among industrial suppliers.
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Boeing defense's business is 'core', but struggles abound for new CEO

CORRECTED-Boeing defense's business is 'core', but struggles abound for new CEO In paragraph 12, corrects spelling of Ortberg By Mike Stone WASHINGTON, Oct 23 (Reuters) - Boeing CEO Kelly Ortberg anticipates the planemaker's defense business will continue to struggle under the weight of budget-busting older contracts, but he said on Wednesday that despite many problems the unit making helicopters, fighter jets and missiles remains "core" to the company's future.
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France's Thales reports higher nine-month sales and orders

UPDATE 1-France's Thales reports higher nine-month sales and orders Adds detail from paragraph 4 onwards By Tim Hepher PARIS, Oct 23 (Reuters) - France's Thales TCFP.PA reaffirmed full-year targets as it posted nine-month sales up 6.2% on an underlying basis, with its new order intake rising 23% led by defence and security demand. Sales for the first nine months reached 14.07 billion euros ($15.20 billion) and new orders rose to a better-than-expected 15.55 billion, Europe's largest defence elec
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France's Thales reports higher nine-month sales and orders

France's Thales reports higher nine-month sales and orders PARIS, Oct 23 (Reuters) - France's Thales TCFP.PA reaffirmed full-year targets as it posted nine-month sales up 6.2% on an underlying basis, with its new order intake rising 23% led by defence and security demand. Sales for the first nine months reached 14.07 billion euros ($15.20 billion) and new orders rose to a better-than-expected 15.55 billion, Europe's largest defence electronics supplier said.
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