Telespazio’s newly appointed CEO, Luigi Pasquali, sees geographical diversity as an asset: Some customers are down, but some are up.

Jointly owned by Finmeccanica (67%) and Thales, Rome-based Telespazio covers the whole space-market value chain through its four business units: satellite systems and applications, satellite operations, geoinformation and networks and connectivity.

“The company is well spread, geographically, to be near its customers,” notes Pasquali. “The largest is Italy, but we are also present in France, Germany, the U.K., Spain and Romania, plus the U.S., Brazil and Argentina.

“Space was protected in the early days of the financial crisis, but now budgets are reduced and some countries are flat. However, our extensive presence allows growth -- for example, the U.K. has decided to invest in areas where Telespazio is represented; and in Brazil, where we have a long heritage, the satellite market is growing because of the country’s dispersed economy.”

Geoinformation is also a growth area, reports Pasquali. This is because of the need for increased Earth observation for both security and climate change reasons. In the realm of navigation, Telespazio is involved in the Galileo positioning system, with four satellites launched and 14 to go. Operational capability will be achieved in 12-18 months.

“Our potential is related to innovation -- a big priority for us,” declares Pasquali. “Our two shareholders believe in us and will be ready to invest in our future.”