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EADSY Airbus SE (PK)

41.92
0.37 (0.89%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Airbus SE (PK) USOTC:EADSY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.37 0.89% 41.92 41.85 42.29 42.26 41.55 41.56 186,251 21:05:46

Airbus Gets EUR380 Million Contract From European Space Agency

13/11/2020 4:38pm

Dow Jones News


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By Olivia Bugault

 

Airbus SE said Friday that its division Airbus Defense and Space has won a contract valued at 380 million euros ($448.6 million) to lead a consortium for a temperature-check mission on Earth's surface.

The contract was awarded by the European Space Agency and includes the development of one satellite for the land surface temperature-monitoring mission, known as LSTM, with an option for two further satellites, the company said. The mission will expand the current capabilities of Copernicus, the European Union's earth observation program for global monitoring.

"The main objective of LSTM is to deliver global high spatiotemporal day- and night-time land surface temperature measurements. In particular, this mission will respond to the needs of European farmers to make agricultural production on individual farms more sustainable, as water shortages increase and changes in the environment take place," the European plane maker said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

November 13, 2020 11:23 ET (16:23 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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