Eutelsat (LSE:ETL) has confirmed an order for 340 new satellites from Airbus (EU:AIR) to support the continued expansion of its OneWeb low Earth orbit (LEO) satellite network, the companies said on Monday.
The satellite communications group, which is backed by both the French and UK governments, did not provide financial details for the contract.
The new spacecraft will be used to expand and refresh the OneWeb constellation, which operates in low Earth orbit to deliver global connectivity services. The order marks a further step in scaling the network under Eutelsat’s ownership and operational control following its combination with OneWeb.
The deal represents a significant commitment to the long-term growth of the OneWeb platform and underlines Eutelsat’s strategy to strengthen its position in the LEO satellite communications market.
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