Page 68 - hisdeSAT annual report 2011

OUR FIGURES

6.2 Investor activity ToTAl InvESTmEnT (In mIllIonS of EuroS)

HISDESAT has made accumulated investments to

December 2011 of 400 million euros in the different
aerospace programmes that make up the activities of the

company.

During the 2006 financial year, HISDESAT’s expertise which enables them to compete in
investment activity was completed with the the global aerospace market.
launch of a new system of governmental
communications through the SpainSat and The Company is in the last phase of the ad-
Xtar-Eur satellites, this last the property judication of the contract for the manufac-
66 of XTAR LLC, an investee company in which ture of the HisNorSat communications satel- 67 of these characteristics is being wholly built
HISDESAT holds 44% of shares. lite. During the first few months of 2012 the in Spain.
definitive adjudication will take place and
Total investment in assets associated with therefore during the course of this year in- HISDESAT completed With this programme,
the SpainSat programme rose to 288 million vestment in this new programme will begin, which will be completed
euros. which will complete the commercial and a total investment of in the year 2012, Spain
operational capability of our satellite com- 15 million canadian will become a bench-
The investments made munications activity. mark country within the
The cumulative have enabled the Span- dollars as 27% aerospace industry, as it

ish aerospace indus- In December of 2007 the process for the in- will be the only European
investments try, through the assig- vestment in a new project began, relating to participation in the country with a dual (radar
nation of technological the participation of HISDESAT in the National and optic) observation
amount to development work and Satellite Earth Observation Programme. Dur- exactEarth Project, system, with both civil-

400 million euros services, to take part in ing the present financial year, the company in collaboration ian and military capacity exactEarth Project, in collaboration with the
a programme of high
invested 20 million euros by way of devel-
Canadian manufacturer COMDEV.
and functionalities. Ad-
technological, strate- opment, manufacture and launch costs for ditionally, high value in-
gic and industrial value, the Paz radar satellite, one of the two satel- with the canadian dustrial returns for the This Project consists in the manufacture and
which has resulted in the increased techno- lites that make up the observation system. national industry will also launch into orbit of a constellation of mi-
logical competitiveness and capacity of same. The current accumulated investment in this manufacturer be made possible. cro-satellites for the improvement of mari-
satellite is 120 million euros, which repre- comDEv time traffic safety through an automatic AIS
The industrial returns achieved through the sents having completed 82% of the entire- Also, during the month identification system.
communications programme will be close to ty of this programme. This satellite is being of March HISDESAT com-
100 million euros, which is enabling Span- manufactured by the company EADS CASA pleted a total investment of 15 million Ca-
ish companies to acquire capabilities and Espacio, and is the first time that a satellite nadian dollars as 27% participation in the