Telespazio and Turkish MoD Sign Contract to Build Gokturk Satellite System

(Rome, July 16, 2009) -- Telespazio, a company owned by Finmeccanica (67%) and Thales (33%), and Undersecretariat For Defence Industries (SSM - Turkish Defence Ministry), at the presence of the Italian Undersecretary of State for Defence hon. Giuseppe Cossiga, today signed a contract in Ankara worth over EUR 250 million for the construction of the Gokturk satellite system. The agreement covers the supply of an earth observation satellite equipped with a high-resolution optical sensor, an integration and test centre for satellites to be built in Turkey, and the entire ground segment of the system, which will carry out in-orbit operation, data acquisition and processing. The Gokturk programme will be managed by Telespazio as prime contractor, Thales Alenia Space, a company owned by Thales (67%) and Finmeccanica (33%), which will be responsible for the satellite, and local industrial partners including Tai A.S., Tubitak Uekae, Maleri, Aselsan A.S. and Roketsan A.S.. Telespazio will also be responsible for the satellite launch, early orbit and test services. Giorgio Zappa, Chief Operating Officer of Finmeccanica and President of the Italy-Turkey Friendship Union commented, "signing this contract for the construction of Gokturk represents another step for Telespazio and for the Space Alliance Thales-Finmeccanica in the international expansion of their business, and recognition of Finmeccanica's capacity to supply both the space and ground components of complex satellite systems. This success also strengthens the group's position in Turkey, a strategic industrial partner and a core market for our activities: we are already present in the country in aeronautics, helicopters, air traffic control, transport, rail signalling and naval systems and have further significant growth prospects".

Source: Finmeccanica
Date: Jul 17, 2009