PARIS—The French government reiterated June 10 its formal approval of the sale of state ownership in the Arianespace launch consortium to Airbus Safran Launchers, a joint venture set up to develop and produce Europe’s next-generation Ariane 6 launch vehicle. In a statement issued following a meeting with the French defense, research and industry ministers, Prime Minister Manuel Valls said Arianespace is destined “to be controlled by Airbus Safran Launchers via a transfer ...

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