What's Happening?
Airbus has announced plans to launch the Superbird-9 satellite in 2027, following several delays. The satellite, intended for Japan's SKY Perfect JSAT, was initially scheduled for a 2024 launch. The project has faced challenges that impacted Airbus' financial results, prompting a realignment of its space business. The Superbird-9 is based on Airbus's OneSat design and is a geostationary, fully digital telecommunications satellite. Airbus is also working on a joint venture with Leonardo and Thales to enhance its operations in the satellite market, with the venture expected to become operational next year.
Why It's Important?
The successful deployment of the Superbird-9 satellite is crucial for Airbus as it seeks to stabilize and grow its space business. The delays
have highlighted the complexities and risks associated with satellite development, impacting financial performance and necessitating strategic adjustments. The joint venture with Leonardo and Thales represents a significant step in consolidating Airbus's position in the competitive satellite market. The Asia-Pacific region, a major market for Airbus's telecom satellites, stands to benefit from the enhanced capabilities and services that the Superbird-9 will provide once operational.
