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Benzinga
Benzinga
Business
Akanksha Bakshi

Airbus Bags FORUM Earth Monitoring Satellite Contract From ESA

Airbus ESA Earth EADSY Airbus SE European Space Agency France Germany Radiation Stevenage
  • Airbus SE (OTC:EADSY) has secured a €160 million contract for the European Space Agency’s (ESA) FORUM satellite to measure heat emitted from the Earth into space.
  • FORUM, short for Far-infrared Outgoing Radiation Understanding and Monitoring, will be the first satellite to observe Earth in the far-infrared part of the spectrum, providing unique measurements of the Earth’s outgoing energy to help improve understanding of the climate system.
  • Airbus in Stevenage will lead the development of the satellite, with Airbus in Germany responsible for the Instrument signal detection chain, and Airbus in France providing platform product support.
  • Price Action: EADSY shares are trading higher by 3.10% at $25.24 on the last check Tuesday.
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