For Galileo, today's signing signifies the concrete roll-out of the programme is on time and within budget. I am proud that we could manage to speed up the delivery of satellites and launchers. This means that Europeans will be able to exploit the opportunities of enhanced satellite navigation provided by Galileo in 2014. I am also proud to see that Europe has a highly competitive space industry capable of realising such an ambitious high tech programme.
With the signature of further contracts for satellites and launchers in London today, Galileo is firmly on track for the provision of improved satellite navigation services to citizens in 2014.
In total, 3 contracts were signed: the contract signed with OHB System AG (DE) comprising 8 satellites for an amount in the order of €250 million. A second contract was signed with Arianespace (FR) for a booking option of up to 3 launches using Ariane 5 (booking fee of €30 million). A third contract was signed with Astrium SAS (FR) to enable the current Ariane 5 launcher to carry 4 Galileo programme satellites per launch into orbit, for an amount in the order of €30 million. Galileo satellites are currently launched in pairs aboard the Russian Soyuz rocket. Thanks to the highly competitive proposal of the contractor and increasing the number of satellites which will be launched in orbit by 2014, the Commission has been able to accelerate the process.