SES made public its financial results for the first six months of 2022, announcing revenues of €899 million (+2.8% YoY as reported) and adjusted EBITDA of €545 million (flat YoY as reported). Adjusted Net Profit improved by 11% YoY to €168 million, while leverage reduced to 3.0 times.

Read more: SES Announces H1 2022 Financial Results

Airbus has launched a connectivity services business through the creation of a dedicated HAPS Services Business based around Zephyr, Airbus’ leading HAPS technology platform. This will enable it to industrialize rapidly and begin serving a substantial total addressable market, providing low-latency connectivity services from the stratosphere for telecommunications and Earth observation applications. The new business is a subsidiary of Airbus Defence and Space.

Read more: Airbus to Develop Connectivity Services with New HAPS Services Business

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