The European Space Agency (ESA) has awarded EADS-Astrium three contracts valued at a combined €414 million ($560 million) through 2014 for continued work on a midlife upgrade of the Ariane 5 rocket and to begin designing its successor, the Ariane 6. The first two contracts cover the continued development of the Ariane 5 Midlife Evolution (€106 million) and the sub-assemblies common to it and Ariane 6 (€278 million). The third contract, valued at €30 million, is to start development ...


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