Metlen and Thales Alenia Space explore Greek satellite project

what happened

ShareCast reports that Metlen, Thales Alenia Space and Leonardo will examine how they could jointly develop a communications satellite system for Greece. The proposed network would support the country’s security and strategic autonomy, using established technologies to deliver communications capable of withstanding electronic interference.

Thales Alenia Space, a venture owned by French defence company Thales and Italy’s Leonardo, would bring capabilities in protected telecommunications satellites and related ground facilities. Metlen would take part through its M Technologies unit. Its gallium manufacturing operations could also potentially enter supply chains for future Thales Alenia Space satellites delivered to customers around the world.

The partners said the initiative could help expand Greece’s space sector through technology transfer, workforce training and increased involvement from domestic businesses. The financial terms were not provided, and the arrangement is still exploratory, with no definitive satellite-programme contract announced. Metlen shares were 0.2% higher at €48.84 by 1008 BST.

why it matters

The immediate market significance is limited because the companies have not disclosed funding or secured a programme contract. Possible future involvement in satellite supply chains is the main commercial angle for Metlen.

instruments