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ARIANESPACE TOASTS SUCCESS

 ARIANESPACE TOASTS SUCCESS
 WASHINGTON, May 18 /PRNewswire/ -- Arianespace is joined by its


customers and industrial partners in Paris today to celebrate two milestones in the company's history: commercial success, marked by over 100 launch contracts signed to date; and the success of Europe's space industry, with 50 Ariane launchers to its credit.
 Sustained Commercial Activity
 Arianespace booked 10 orders in 1991 and has signed four more contracts since the beginning of this year, taking the company beyond the symbolic mark of 100 firm launch contracts. The European launcher has won the confidence of new customers in Mexico, Thailand and Japan amidst growing and increasingly strong competition.
 As of today, Arianespace's total orders stand at 101 satellites -- 55 of them for non-European customers -- worth an estimated FF 37 billion (U.S. $6.7 billion). With 33 satellites remaining to be launched, the company's order book is worth FF 15 billion (U.S. $2.7 billion).
 Arianespace has consolidated its world leadership by gaining over one half of the global commercial launch market.
 High-Performance Production Resources
 The first Ariane 4 launcher from the batch of 50 Ariane 4 vehicles ordered in February 1989 was delivered at the end of 1991 and successfully launched on April 15, 1992. This launch, which was also the company's 50th, marks a major milestone in productivity and quality, supported by Arianespace's cooperation with its European space industry partners.
 Regular Launch Service
 In 44 months Arianespace has placed 44 satellites into orbit. Eight launches were carried out in 1991, including five flights between July and December. Arianespace has combined the exacting technical standards which guarantee quality with operational flexibility, thus increasing the overall reliability of its space transport system.
 Guarantees Continuity
 Arianespace also guarantees service continuity thanks to the Ariane 5 heavy-lift launcher, scheduled to enter service in 1996. This new launcher will guarantee ongoing adaptation to market needs, with progressive integration to meet the requirements of Arianespace customers.
 Solid Financial Foundations
 Thanks to its proven expertise and performance in the new business of space transport, Arianespace has achieved healthy financial results.
 Optimum use of launcher capacity in 1991 led to revenues of FF 5.87 billion (U.S. $1 billion) for net income (after provisions) of FF 154 million (U.S. $28 million). The company will pay out FF 16.2 million (U.S. $2.9 million) in dividends to shareholders, equivalent to 6 percent of capital.
 This is the seventh consecutive year in which Arianespace has paid a dividend, underscoring the company's robust financial health.
 The Imperative of European Solidarity
 For over 20 years, Europe has pursued a joint and realistic approach to the launch of its satellites, with regular adaptation to emerging needs.
 Today, Europe must gain even greater awareness of the strategic stakes involved, in order to guarantee healthy commercial operation of the launch system it has developed.
 Arianespace, an industrial and commercial company, is a world leader in the provision of commercial space transportation services. Arianespace also markets and sells Ariane launch services and provides launch operations from the Guiana Space Center in French Guiana. Arianespace Inc., a wholly owned subsidiary of Arianespace, is responsible for marketing launch services in the United States; a liaison office in Tokyo assures in Arianespace presence in Japan and in the Pacific region.
 -0- 5/18/92
 /CONTACT: Michelle Lyle of Arianespace, Inc., 202-628-3936; Claude Sanchez of Arianespace S.A., (33/1)6087 60 13/14; or Dieter Brand of Arianespace Tokyo, 813-3592-2766/ CO: Arianespace ST: District of Columbia IN: ARO SU:


TW -- DC006 -- 1212 05/18/92 10:12 EDT
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Date:May 18, 1992
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