Alexa
  • Directory of Taiwan

European Space Agency fears crisis fallout

European Space Agency fears crisis fallout

The credit squeeze could cause the collapse of crucial suppliers to the European Space Agency and hurt its satellite launch business, the organization's director said Wednesday.
Jean-Jacques Dordain insisted that none of the agency's upcoming projects _ including a robotic rover on Mars, the maiden voyage of a new European rocket launcher, and new cooperation with the international space station _ was currently "at risk" because of the financial crisis.
But he told reporters that several small companies that supply ESA's space program were suffering during the economic crisis.
"We spent 20 years developing technologies," he said. "If a company disappears it is a catastrophe."
He did not name any companies or the equipment they provide. He said that ESA could not bail them out, but that the agency was looking for ways to help.
The agency also makes money from launching telecommunications and other satellites for the private sector. He said that the ESA is studying "the possible effects on commercial programs," amid fears such satellites could be cut back by cash-strapped companies.
He insisted that the agency's overall


Updated : 2021-05-19 09:04 GMT+08:00