DIRS.INFO The most relevant business & tech news

☆ A new anti-missile laser downed 100% of its targets while fighting multiple threats at once, UK defense officials say
▼ + stars: | 2024-10-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

The UK says a new anti-missile laser for its aircraft defeated 100% of its targets in a live test. AdvertisementThe UK Defense Ministry said on Sunday that it successfully tested a new air-defense system that tracks missiles midflight and jams them with a precision laser. A new air protection laser defeated 100% of threats during recent live-fire trials. The UK is likely to offer this new technology to its allies, with the ministry statement saying it would be available to "export customers." October 21, 2024: This story was updated to reflect a response from the UK Defense Ministry.

Persons: —, it's, It’s Organizations: Service, UK Defense Ministry, Leonardo, Thales, Royal Air Force, Business, RAF, — Ministry of Defence Locations: Sweden

☆ Airbus to cut up to 2,500 jobs in defense and space
▼ + stars: | 2024-10-16 | by ( ) www.cnbc.com time to read: +2 min

A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K.Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a "complex business environment" especially in loss-making satellites. It has been hit by 1.5 billion euros ($1.63 billion) of charges in space systems in recent quarters, led by the high-tech OneSat project, and delays and rising costs in defense. The job cuts, first reported by French news agency AFP, come on top of a more than year-long efficiency review in the defense and space business, code-named ATOM. Airbus has been drawing up specific turnaround plans for its struggling Space Systems business without waiting for the outcome of recent satellite consolidation talks that include Italy's Leonardo as well as France's Thales. Group CEO Guillaume Faury said earlier this year that Airbus was looking at opportunities to create scale in defense, space and particularly satellites where traditional players have been heavily disrupted by the success of new constellations.

Persons: Mike Schoellhorn, Italy's Leonardo, Guillaume Faury Organizations: Airbus, Defence, Space, AFP, Space Systems, Thales, Reuters Locations: Broughton, U.K, Germany, France, Britain, Spain, Ukraine, U.S

☆ European markets slightly higher as investors look beyond Middle East tensions
▼ + stars: | 2024-10-02 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

LONDON — European stocks were slightly higher Wednesday as investors attempted to look beyond escalating tensions in the Middle East and await fresh employment data out of the region. The pan-European Stoxx 600 was up 0.35% in opening trade, with the majority of sectors and major bourses moving in the green. Oil and gas stocks added 2.42% on the prospect of supply disruptions in the Middle East, while travel and leisure stocks dipped 0.25% as airlines diverted flights out of the region. Meantime, shares of British sports retailer JD Sports fell 3.5% even as the company reported expectation-beating revenues and profits for the first half. The attack came on the heels of Israel's deployment of ground forces into south Lebanon, escalating its offensive on Hezbollah, the Iran-backed militant group.

Persons: Hassan Nasrallah Organizations: Saab, BAE Systems, Thales, Rheinmetall, JD Sports, Nike, Nasdaq, Hezbollah Locations: Iran, Israel, Iranian, Lebanon

☆ As Netanyahu vows Iran payback, markets watch for dangers of further escalation
▼ + stars: | 2024-10-02 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Markets are now braced for what could follow a likely Israeli retaliation against Iran. watch nowOil prices gained over 5% in the previous session following the missile strike, before tapering to a 2.5% climb. Oil infrastructure 'tempting targets for Israel'Lewis Sage-Passant, an adjunct professor of intelligence at Sciences Po in Paris, described energy markets as jittery, as investors watch for Israel's next moves. Even without direct targeting, much of the world's oil infrastructure sits under these missile's flight paths, so naturally everyone is very nervous." Questions remain whether a strong Israeli response would restore deterrence or trigger further escalation from Iran and tip the nations into a full-blown war.

Persons: Amir Cohen, Hassan Nasrallah, Lewis Sage, Jake Sullivan, Roger Zakheim, what's, Zakheim, Abbas Araghchi, Sara Vakhshouri Organizations: Reuters Israel's, Brent, West Texas, Isles, RBC Wealth Management, Sciences Po, Israel, Energy, U.S . National, Ronald Reagan Institute, Investments, Saab, BAE Systems, Thales, Rheinmetall, Iran's, SVB Energy Locations: Ashkelon, Israel, Tel Aviv, Iran, Tehran, London, Asia, Paris, U.S, Washington

☆ SpaceX Starlink has 2,500 airplanes under contract after United megadeal, director says
▼ + stars: | 2024-09-17 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

A Starlink terminal installed on a Hawaiian Airlines aircraft. Hawaiian AirlinesPARIS — SpaceX nearly doubled its backlog of Starlink in-flight Wi-Fi orders with last week's United Airlines deal, a company director said Tuesday. Last week, United said it will outfit its more than 1,000 planes with Starlink and won't charge customers for the Wi-Fi. SpaceX has previously announced in-flight deals and has started service with Hawaiian Airlines , Qatar Airways, Japan's Zipair, Latvia's airBaltic and semi-private charter airline JSX. Nick Galano, SpaceX director of Starlink Aviation Sales and Partnerships, center, speaks at the World Space Business Week conference in Paris on Sept. 17, 2024.

Persons: Nick Galano, United, Gogo, Japan's, Latvia's, Galano, SpaceX, Michael Sheetz Galano, Glenn Latta, Latta, We've Organizations: Hawaiian Airlines aircraft, Hawaiian Airlines PARIS, SpaceX, United Airlines, IFC, Starlink's, Viasat, Panasonic, Thales, Hawaiian Airlines, Qatar Airways, Starlink Aviation, CNBC, Delta Air Lines, Delta Locations: Paris, United

☆ European markets set for mixed open ahead of batch of earnings reports
▼ + stars: | 2024-07-23 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

A consumer selects vegetables at a supermarket on March 12, 2024 in Berlin, Germany. LONDON — European stocks are expected to open in mixed territory on Tuesday as investors await the latest earnings reports from regional companies. The U.K.'s FTSE index is expected to open 12 points lower at 8,192, Germany's DAX up 76 points at 18,490, France's CAC 40 up 18 points at 7,639 and Italy's FTSE MIB up 122 points at 34,984, according to data from IG. European markets will be assessing the latest earnings from Givaudan, Thales, Alstom, Norsk Hydro, AkzoNobel, Banco de Sabadell, Randstad, Enagas and LVMH on Tuesday. Hungary will announce its latest interest rate decision and data releases include Dutch and Irish consumer confidence figures.

Persons: Germany's DAX Organizations: LONDON, CAC, IG, Thales, Alstom, Norsk Hydro, Banco, Banco de Sabadell Locations: Berlin, Germany, Givaudan, AkzoNobel, Banco de, Randstad, LVMH, Hungary

☆ Space station startup Gravitics lands $125 million order from Axiom
▼ + stars: | 2024-07-09 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +3 min

Washington-based startup Gravitics has signed a $125 million contract to expand Axiom Space's planned space station, the latest deal in the burgeoning private market for orbiting habitats. Axiom is one of several companies building private space stations as NASA plans for the International Space Station to end its time in orbit. Already, Axiom has modules of its space station being built by Italian aerospace contractor Thales Alenia. The space station modules Gravitics is designing range from 3 meters (9 feet) to 8 meters (26 feet) in diameter. Axiom was the first to win a NASA contract for building space station modules, and Gravitics would connect its spacecraft later this decade.

Persons: Colin Doughan, Gravitics, Glenn, Doughan Organizations: CNBC, NASA, International, Thales Alenia Locations: Washington, Seattle

☆ Europe wants to send data centers into space — study says it's possible
▼ + stars: | 2024-06-27 | by ( April Roach | ) www.cnbc.com time to read: +5 min

A data center. The industry is about to be hit with a "wave of data tsunami," said Merima Dzanic, head of strategy and operations at the Danish Data Center Industry Association. A "whole different approach to how we build, design and operate data centers," is required, Dzanic added. Eco launchASCEND's goal was to explore the potential and comparative environmental impact of space-based data centers to aid Europe in becoming carbon-neutral by 2050. Yet Dzanic warned the somewhat "fringe" idea of space-based data centers doesn't fully solve the issue of sustainable energy usage.

Persons: Erik Isakson, Damien Dumestier, Dumestier, Merima Dzanic, Dzanic, Michael Winterson, Andrey Semenov Organizations: DigitalVision, Thales Alenia Space, European Commission, CNBC, International Energy Agency, Danish Data Center Industry Association, International Space, European Data Centre Association, Istock, Getty Locations: Europe, Japan

☆ These innovative airline cabin concepts could be the future of flying
▼ + stars: | 2024-05-29 | by ( Francesca Street | ) edition.cnn.com time to read: +6 min

Welcome to the future of aviation – at least according to the 2024 Crystal Cabin Awards. Courtesy QantasCaroline Oxley, who works for the Crystal Cabin Award Association, tells CNN Travel this year’s finalists share a “more democratic approach” to improving the passenger experience. This year’s winner of the “sustainable cabin category” was Diehl Aviation for their “ECO Sidewall” – a greener take on an airplane wall. The winners of this year’s Crystal Cabin AwardsWinner Cabin Concepts: Factorydesign, Coop. Qantas Airways Ltd “The Wellbeing Zone”Winner IFEC and Digital Services: Thales Avionics “FlytEdge”Winner Sustainable Cabin: Diehl Aviation “ECO Sidewall”University winners: Tongji University, Coop.

Persons: whittling, Diehl, Qantas Caroline Oxley, Oxley, AirPRO, DesignBüro Stühmer, Scholz, intriguingly, Crystal, BermudAir, theCUBE, Dupont “ Organizations: CNN, Germany CNN, Aircraft, Diehl Aviation, Qantas, Accenture, Schroth Safety, ”, Tongji University, University of Sao, Embraer, Sao Paolo, University of Virginia Tech, Boeing, Collins Aerospace, Wheelchair, Safety, Coop, Qantas Airways Ltd, Digital Services, Thales Avionics “ FlytEdge, Aviation, Sidewall ” University Locations: Hamburg, Germany, Sydney, London, New York, Shanghai, University of Sao Paulo, Brazil, Coop

☆ Goldman Sachs names 4 global defense stocks to watch as geopolitical risks rise
▼ + stars: | 2024-04-18 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Several countries have been beefing up their defense budgets in light of mounting geopolitical tensions, and Goldman Sachs has named several European stocks to play the theme right now. European defense stocks "have closely tracked super-cycles and are now "trading at peak multiples (20x 12-month forward price-to-earnings) vs history," which translates to a 45% premium to the benchmark Stoxx 600 index , the bank's analysts noted. Stocks Goldman's analysts said they "increasingly favour stocks exposed to long-term secular growth themes with superior visibility on growth." Other stocks with an exposure to the defense industry on Goldman's buy-rated list include aerospace names Rolls-Royce Holdings (also on its "conviction list") and Airbus . The bank has increased its 12-month price target on the stock by close to 60% to 606 euros, giving it nearly 13.4% upside potential.

Persons: Goldman Sachs, Victor Allard, Goldman, — CNBC's Michael Bloom Organizations: Stocks, Thales, Royce Holdings, Airbus, Rheinmetall

☆ Opinion: Ancient superstitions about eclipses paved the way for this scientific truth
▼ + stars: | 2024-04-06 | by ( Opinion Jason Colavito | ) edition.cnn.com time to read: +7 min

CNN —In ancient Mesopotamia, a solar eclipse was a cause for deep concern. Today, eclipses retain a little bit of their historic role as harbingers of doom. Many cultures imagined a solar eclipse occurred when a mythological being ate the sun. A group of people safely watching a solar eclipse in New York City in 1865. During the solar eclipse of 1842, 20,000 people of all social classes gathered in Perpignan, France, and applauded the sun’s performance.

Persons: Jason Colavito, Jimmy, James Dean, Herodotus, Thales, Miletus, Corbis, “, Pierre Gassendi, Christopher Columbus, Mark Twain, François Arago Organizations: New, Slate, CNN, puma, Thales, Connecticut Yankee, King Locations: New York, New Republic, Mesopotamia, United States, American, Vietnam, North America, China, New York City, France, Paris, Columbus, King Arthur’s, Perpignan

☆ Thales is not at all interested in the Atos business, CEO says
▼ + stars: | 2024-03-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThales is not at all interested in the Atos business, CEO saysThales CEO Patrice Caine discusses the company's full-year results and shares his outlook for M&A over the forthcoming year.

Persons: Patrice Caine Organizations: Thales

☆ Russia’s invasion of Ukraine sparked a defense boom. It’s likely to outlast the war
▼ + stars: | 2024-02-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

“While some Ukraine-related orders are starting to come through, restocking and the impact of ongoing defense spending increases will be evident further down the line,” he noted. ‘Era of insecurity’Continued US military support for Ukraine on the scale of the past two years is looking increasingly unlikely. But the pressure on Western governments to beef up their military coffers will outlast the Ukraine war, analysts say, and it started to rise even before Moscow sent its troops marching toward Kyiv two years ago. The febrile global environment has helped lift the shares of Renk, a newly-listed German maker of military tank gearboxes, including those donated by Berlin to Ukraine. And this appeal is unlikely to fade soon, given growing defense spending by governments.

Persons: Lockheed Martin, That’s, Jens Stoltenberg, ” Trevor Taylor, Russia wouldn’t, Micael Johansson, Johansson, “, Charles Woodburn, ”, House Republicans —, Donald Trump, Moscow, Oli Scarff, Trump, Joe Biden, Houthi, It’s, Susanne Wiegand, Myles Walton, Sweden’s, … Organizations: London CNN, Russia, Kyiv, BAE Systems, Thales, Rheinmetall, Lockheed, Northrop Grumman, Atlantic Treaty Organization, NATO, Royal United Services Institute, CNN, Saab, Ukraine, House Republicans, Republican, Kiel Institute, European Union, Getty, International Institute, Strategic, Renk, Reuters, New, Wolfe Research, Sweden’s Saab Locations: Ukraine, Moscow, United States, Canada, Russia, London, Europe, Swedish, Poland, Kyiv, Congress, German, European, Newcastle, Tyne, England, AFP, Beijing, Taiwan, China, Israel, Red, Berlin, Frankfurt, Gaza, New York

☆ Saab Digital Air Traffic Solutions CEO discusses partnership with Thales
▼ + stars: | 2024-02-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaab Digital Air Traffic Solutions CEO discusses partnership with ThalesPer Ahl, CEO of Saab's Digital Air Traffic Solutions, discusses the firm's signing of of a Memorandum of Understanding with Thales to support the long-term innovation and modernization of Singapore's Air Traffic Management infrastructure at the Singapore Airshow.

Organizations: Saab, Air Traffic, Thales, Saab's, Traffic Solutions, Air Traffic Management, Singapore

☆ Europe needs to invest 'much more' in defense because the region is 'not totally secure': Thales CEO
▼ + stars: | 2024-02-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope needs to invest 'much more' in defense because the region is 'not totally secure': Thales CEOPatrice Caine, chairman and CEO of Thales, addresses the question of whether EU nations are doing enough to help in the Russia-Ukraine war.

Persons: Patrice Caine Organizations: Thales Locations: Russia, Ukraine

☆ With no Boeing passenger jets at the Singapore Airshow, Airbus and China take centerstage
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. SINGAPORE — Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus as well as China's homegrown offering. While there will be aerial displays of commercial liners by Airbus and China's domestic jetliner Comac C919, Boeing will not have any commercial aircraft at the air show. While no commercial jets will be featured, Boeing will still be holding a cabin display of its wide-body 777X passenger plane, which the company claims is the world's largest twin-engine jet. This is the first major international aerospace event since the blowout last month, which pushed Boeing into another safety crisis after the U.S. safety regulators ordered the temporary grounding of more than 170 Boeing 737 Max 9 planes.

Persons: Max, Lockheed Martin, Thales, scuffling Organizations: Boeing, Boeing Factory, SINGAPORE — Boeing, Singapore, Airbus, U.S . Air Force, Lockheed, Dassault, SAAB, Leonardo, Max, Alaska Airlines Locations: Renton , Washington , U.S, SINGAPORE, Portland , Oregon

☆ China will showcase its domestic jetliner at the Singapore Airshow. Here's what else to expect
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A model of Comac's C919 aircraft at the Singapore Airshow on Feb. 6, 2018. SINGAPORE — China is gearing up to showcase its narrow-body passenger jet to a global audience for the first time at the Singapore Airshow. Touted as a competitor to Boeing's 737 and the Airbus 320, the Comac C919 is quickly turning out to be one of the most anticipated features at this year's event. "Flying for the first time at the Singapore Airshow, is the C919, a narrow-body airliner developed by Chinese aircraft manufacturer Comac," Singapore Airshow organizer and manager Experia Events said in a statement. The Singapore Airshow is a fantastic opportunity for Comac particularly given the current situation with Boeing," Brendan Sobie of Sobie Aviation told CNBC.

Persons: Experia, Lockheed Martin, Thales, Brendan Sobie, Sobie Organizations: Singapore, Singapore Airshow, Airbus, Commercial Aircraft Corporation of China, Civil Aviation Administration, China, Aerospace, Boeing, Lockheed, Dassault, SAAB, Leonardo, Sobie Aviation, CNBC Locations: SINGAPORE — China, Singapore, China

☆ Falling Domestic Fares and an A.I. Arms Race: What Travelers Can Expect in 2024
▼ + stars: | 2024-01-18 | by ( Christine Chung | ) www.nytimes.com time to read: +21 min

Arms Race: What Travelers Can Expect in 2024 At the start of what promises to be a very busy year, we look ahead at what you’re likely to encounter. With 2023 in the rearview mirror, we look ahead at what travelers will face in 2024. At United Airlines, for example, smarter software can offer rebooking options and issue food and lodging vouchers when a flight is canceled, rather than just rebooking a flight. United Airlines has suspended its flights indefinitely, said Josh Freed, a United spokesman. This year, travelers are expected to choose faraway places and board small ships, according to Virtuoso, the consortium of luxury travel agencies.

Persons: Chanelle, Hayley Berg, ” Ms, Berg, “, Robert W, Mann Jr, ”, Chad Burt, Oren Etzioni, Gilbert Ott, Hopper, Greg Forbes, Delta’s, Neville Pattinson, Mr, Pattinson, biometrics, Laura Lindsay, Joshua Smith, Smith, Laurel Brunvoll, Michael Zeiler, Airbnb, We’ve, Jamie Lane, ‘, ’ ”, Jan Freitag, “ We’ve, David Whiteside, Brian Kelly, Guy, Leigh Rowan, “ There’s, Kelly, Rowan, ” Mr, James Thornton, Sharm el Sheikh, Khaled Ibrahim, Harry Rubenstein, Rubenstein, Eyal Carlin, Josh Freed, Jack Ezon, Tom Marchant, Beth McGroarty Organizations: World Tourism Organization, International Air Transport Association, Analysts, Express Global, ”, airfare, University of Washington, United Airlines, Transportation, Administration, Salt Lake, International Airport, Denver International Airport, Delta Air Lines, U.S . Customs, Border Protection, La Guardia Airport, Los Angeles International Airport, biometrics, Thales, Air, American Airlines, Global, “, —, MidX Studios, LivSmart Studios, Hilton, Hyatt Studios, Accor Hotels, Boston University, Visa, Mastercard, Walmart, Target, Savanti, Chase, Intrepid Travel, Amisol Travel, East Travel Alliance, United, Consumers, Ki’ama, Wellness, Global Wellness Institute Locations: United States, Point.me, Salt, North America, London, Rome, Tokyo, Cancún, Las Vegas, Cayman Islands, Polynesia, Europe, Norway, Denmark, Air Canada, Bergen, Flam, Scandinavia, Italy, France, Malta, Slovenia, Maryland, Spain, Portugal, Britain, Egypt, India, Mexico ; Cape Girardeau, Mo, Niagara Falls, N.Y . Texas, Burnet, Sulphur Springs, New York, Vienna, Marriott, Israel, Jordan, Oman, Oman —, Tunisia, Northern Africa, Sharm, Cairo, Amisol Travel Egypt, Jerusalem, Tel Aviv, Ramle, Kimberley, Western Australia, Mitre, Patagonia, Ki’ama Bahamas, Bahamas, South Africa, Hudson, Tuxedo Park, N.Y, Malibu , Calif, Mexico

☆ Thales Alenia Space to invest over 100 mln euros in Space Smart Factory in Rome
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Thales Alenia Space, a French-Italian joint venture between Thales (TCFP.PA) and Leonardo (LDOF.MI), will invest over 100 million euros ($107.15 million) to set up a Space Smart Factory at the Tecnopolo Tiburtino hub in Rome. The project to build an all-digital factory for the production of satellites is co-funded by the Italian Space Agency through Italy's post-pandemic recovery funds, the company said in a statement on Thursday. "The facility will form part of a system of interconnected space factories in Italy, employing advanced technologies to build satellites of different sizes for various fields and applications." the note read, adding Rome's plant will be one of the largest digital and reconfigurable facilities of its kind in Europe. Thales Alenia Space is jointly controlled by Thales, with a 67% stake, and Leonardo, with the remaining 33% stake.

Persons: Leonardo, Alessia, Kirsten Donovan Organizations: Thales Alenia Space, Thales, Smart Factory, Italian Space Agency, Thomson Locations: French, Italian, Rome, Italy's, Italy, Europe

☆ Hitachi wins EU okay for $1.8 bln Thales deal
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: 1 min

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsCompanies Hitachi Ltd FollowThales SA FollowBRUSSELS, Oct 30 (Reuters) - EU antitrust regulators said on Monday they cleared Hitachi's (6501.T) 1.7-billion-euro ($1.80 billion) bid for Thales' (TCFP.PA) GTS railway signalling business on condition the Japanese company sells assets in France and Germany, as it offered to do so. Reuters reported two weeks ago the European Commission was about to clear the deal. ($1 = 0.9434 euros)Reporting by Marine Strauss and Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Marine Strauss, Benoit Van Overstraeten Organizations: Hitachi, REUTERS, Companies Hitachi Ltd, Thales, Follow BRUSSELS, Reuters, Commission, Thomson Locations: Zurich, Switzerland, Hitachi's, France, Germany

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. Hitachi submitted its offer to sell its mainline signalling business in France and Germany to the European Commission last month. The EU competition watchdog and Hitachi declined to comment. The UK's competition agency cleared the deal this month after Hitachi pledged to sell its mainline signalling business in the United Kingdom, France, and Germany. ($1 = 0.9478 euros)Reporting by Foo Yun Chee; editing by Mark Potter and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Foo Yun Chee, Mark Potter, Jason Neely Organizations: Hitachi, REUTERS, Companies Hitachi Ltd, Thales, Follow BRUSSELS, European, EU, Thomson Locations: Zurich, Switzerland, France, Germany, United Kingdom

The Japanese conglomerate put in its offer to the European Commission on Thursday, the same day it requested EU clearance for the deal, an EU regulatory filing showed on Friday. The EU competition enforcer, which set a Nov. 6 deadline for its decision, did not provide details of the remedies in line with its policy. The company had sought EU approval in October last year but withdrew its application a month later. The deal underscores the consolidation in the rail industry, with independent players teaming up with bigger industrial groups. The Competition and Markets Authority (CMA) in August narrowed its concerns, saying the deal would not substantially lessen competition in the supply of communications-based train control signalling systems in the UK.

Persons: Arnd, Foo Yun Chee, David Evans, Louise Heavens Organizations: Hitachi, REUTERS, Companies Hitachi Ltd, Thales, Follow, European, UK Competition, Markets Authority, EU, Thomson Locations: Zurich, Switzerland, France, Germany

☆ Hitachi's EU remedies on Thales deal similar to UK remedies, source says
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

The logo of Hitachi is seen at an office building in Zurich, Switzerland September 10, 2020. REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsCompanies Hitachi Ltd FollowThales SA FollowBRUSSELS, Sept 15 (Reuters) - Hitachi's (6501.T) remedies to EU antitrust regulators assessing its proposed 1.7-billion-euro ($1.8 billion) buy of French infrastructure company Thales' (TCFP.PA) rail signal business are similar to those offered to the UK competition agency, a person with direct knowledge of the matter told Reuters on Friday. Hitachi told the UK Competition and Markets Authority in June that it was ready to divest its UK, French and German mainline signaling business and transfer its core communication-based train control technology to a rival. It had said that these assets comprise all the elements needed for a viable, standalone business. ($1 = 0.9376 euros)Reporting by Foo Yun CheeOur Standards: The Thomson Reuters Trust Principles.

Persons: Arnd, Foo Yun Chee Organizations: Hitachi, REUTERS, Companies Hitachi Ltd, Thales, Follow, Reuters, Competition, Markets Authority, Thomson Locations: Zurich, Switzerland

☆ Telesat buys SpaceX launches for Lightspeed internet satellites
▼ + stars: | 2023-09-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. The agreement covers 14 launches of the Canadian venture's Lightspeed internet satellites. SpaceX has used its rockets to launch communications satellites for companies that compete directly or indirectly with its global Starlink internet network. These deals come as an Amazon shareholder alleges the company snubbed SpaceX for launch contracts of the tech giant's Kuiper internet satellites. Earlier this summer Telesat announced a swap in the manufacturer of its Lightspeed satellites, with Canadian space company MDA taking the place of French-Italian manufacturer Thales Alenia Space.

Persons: Elon Musk's, Dan Goldberg, Goldberg, Jeff Bezos, Glenn, Starlink, Telesat Organizations: PARIS, SpaceX, Elon, Elon Musk's SpaceX, Canadian, Lightspeed, CNBC, Viasat, Glenn, New Glenn, SpaceX's, MDA, Thales Alenia Space Locations: Italian

☆ Telesat taps SpaceX to launch its broadband satellites in orbit
▼ + stars: | 2023-09-11 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

LEO satellites operate 36 times closer to Earth than traditional ones so they take less time to send and receive information, leading to better and faster broadband service even in remote areas. "It is another big step forward on our path to get Lightspeed up there," Telesat CEO Dan Goldberg told Reuters. Telesat picked Elon Musk's SpaceX because it had "the best combination of price, performance, reliability and schedule tempo," Goldberg said. Satellite constellations have sapped large amounts of the U.S. launch supply in recent years with considerably large bulk launch orders like Telesat's SpaceX contract. SpaceX aims to nearly double its annual launch rate in 2023 thanks to its growing Starlink constellation.

Persons: Dan Goldberg, Blair Gable, Telesat, Elon, Goldberg, we've, Jeff Bezos's, Steve Scherer, Joey Roulette, Will Dunham Organizations: REUTERS, Rights, SpaceX, LEO, Lightspeed, Reuters, Canada's MDA, Thales Alenia Space, Thales, MDA, Amazon, Thomson Locations: Canadian, Ottawa , Ontario, Canada, Washington

Search resuls for: "Thales"

25 mentions found