European agency offers support for struggling space sector
Government
PARIS :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. Director General Josef Aschbacher announced the measure after a council meeting of the 22-nation agency, a week after Airbus announced 2,500 job cuts mainly in its loss-making satellites business. "Profitability has been raised as a major issue," Aschbacher said, citing recent announcements at
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