PARIS and NAPLES, Italy — French space agency CNES is studying next-generation launch vehicle concepts for a modular Ariane 6 that would use existing technologies and production facilities to replace the cumbersome, costly and commercially reliant Ariane 5 of today. Christophe Bonnal, a technical specialist with CNES, says nearly €82.5 million ($106.7 million) in public bond money has been spent on technology initiatives, with another €100 million to follow if the European Space Agency ...

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