PARIS—The market for geostationary satellites, which until recently was going through a trough, is picking up, according to the CEOs of launch service operator Arianespace and satellite manufacturer Maxar Technologies. Launches to geostationary transfer orbit (GTO) have long been the main business of Arianespace. The company’s executives, while they have always expressed confidence an upturn would come in the short to medium term, were nervous about the slow market over the last ...

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